Withdraw your Employee Provident Fund or EPF in India?
Process/Procedure for Withdrawal of Employee Provident Fund
Almost all of us are working for a company and we contribute a small percentage of our monthly salary into our Employee Provident Fund account. We all know that PF is a great saving instrument and it will help us generate a corpus for our retirement. But in case we leave the company or want to withdraw money for some emergency than we should know the way get it transferred or to withdraw PF amount. After all, it is our money and we definitely have the right to take it when we need it the most.
1. PF Withdrawal upon resignation:
Upon resignation an employee can either withdraw or transfer his/her PF amounts at his desire.
a) For Withdrawal:
In order to withdraw the PF/ Pension funds you have to submit Form 19 (Download) and Form 10C (Download) preferably through your employer (Read this to withdraw PF amount without employer sign). Depending upon the attitude and working capabilities of employees in the respective EPF Office, it will take 45 to 60 days to get your balance credited to your bank account. Withdrawals of PF can be done only after 60 days period after resignation.
With From 19 (Download) and 10C (Download) also attach xerox copy of the first page of the passbook of your savings bank account (preferably with nationalised bank) depicting the bank account number, branch location etc. and send the complete set of forms with enclosures to the previous employer for forwarding the forms to PF office.
b) For Transfer:
For transfer you have to get Form 13 (Download) submitted through your present Company but you need to know your earlier PF a/c no.etc.
Also you need to provide following details to your current company.
- Name and address of the previous company from which PF is still pending to be claimed.
- Group Code of the previous company.
- Date of Joining and date of leaving from previous company.
- Your PF no from the previous company.
2. PF withdrawal during Working period :
The Provident Fund members can avail advances / partial withdrawals subject to certain conditions like Marriage for self and dependant sisters, brothers etc / purchasing of dwelling house or repayment of housing loan / specified medical treatments / Closure of establishment etc.,
You need to submit Form 31 (Download) for claiming amount. But the PF authorities will sanction only if you satisfy the qualifying conditions. Read “Guidelines for PF withdrawal” that gives you clear idea like on what grounds can employee withdraw PF during his/her working period.
3. Track Your Provident Fund Claim Online
You can track the status of PF (Provident Fund) Account Transfer and PF (Provident Fund) Money Withdrawal claims online @ “Track Your Provident Fund Claim“.
Few Points to Remember
1. Use the appropriate form for claiming Provident Fund Pension, withdrawal benefit/scheme certificate, Employees’ Deposit Linked Insurance benefit, etc. as given below :-
- Form-19 (Download): To claim final settlement of Provident Fund by a member.
- Form-20 (Download): To claim Provident Fund by nominee/legal heir on death of the member.
- Form-10-D (Download): To claim pension. (In duplicate: If within state, In triplicate: If outside state.)
- Form-10-C (Download): To claim withdrawal benefit/scheme certificate under Employees’ Pension Scheme ’95.
- Form-5IF (Download): To claim assurance benefit under Employees’ Deposit Linked Insurance ’76 by nominee/legal heir of a member.
- Form-31 (Download): To claim temporary withdrawal/advance under Employees’ Provident Fund scheme ’52.
- Form-13 (Download): To effect transfer of Provident Fund/Pension from one A/C to another.
2. Ensure that all columns of the application are filled completely.
3. Information in the application form relating to name, a/c no. should agree with the details available with Employees’ Provident Fund Organization; which were furnished by the employer at the time of enrolling to Provident Fund.
4. Application should be signed by the member/claimant.
5. It should be attested by the former employer. In case attestation by the former employer is not possible, it should be got attested by any other authorized official specified with application form.
6. Application for final settlement can be sent by a member on completion of 2 months from the date of leaving service, if the reason for leaving service is other than superannuation, medical ground, retrenchment and V.R.S./ Female members getting married etc.
7. Desired mode of payment can be given legibly, if the amount involved is more than Rs. 2000/-. The amount will sent by deposit in payees’ bank a/c. To facilitate this, Bank a/c no., name and address of the bank should be furnished. An advance stamped receipt should also accompany this application.
8. Application may be supported by the return Form-10 , showing the details of leaving service and details of contribution for the year in Form-3A, if not sent earlier by the employer.
9. To get all forms at once place jump to EPFO site.