This blog is all about how to claim PF online and its basics. This will help you eliminate the chances of penalties and withdraw EPF contribution easily. So, how to withdraw pf online with UAN?
Let us begin…
What is PF (Provident fund)?
Every month during payroll, a part (say 12 percent) of employee’s basic salary and a similar amount from the employer’s account too gets deducted in the name of EPF. At the end of the financial year, employers need to share the PF statement as received from the EPFO.
EPFO is the organizing body of employee’ provident fund and handles claims and withdrawals. The EPFO is entirely responsible for the whole PF process.
Online PF withdrawal process
Before we directly get into the online PF claim process, let’s start with the basic and important knowledge about online PF withdrawal.
There are certain conditions on online PF claim. The savings cannot be availed directly without satisfying any of the conditions below:
Conditions on PF withdrawal
- On retirement – Full withdrawal
- Unemployed for 2 months or more – Full withdrawal
- Marriage purpose – 50 percent of total employee’s share
- Education – 50 percent of total employee’s share
- Land purchase – Partial withdrawal
- Home loan – Up to 90 percent of total EPF contribution
- Before retirement (no reason) – Up to 90 percent of total EPF contribution with interest
These were the cases in which you can withdraw PF online.
How to withdraw PF online with UAN?
First of all, ensure that-
- Your UAN (Universal account number) is activated
- Your AADHAAR number is linked with UAN
- Correct bank details are seeded with UAN
- KYC is done
- Mobile number is linked and working
- Correct date of birth (DOB) is seeded
Below are steps to claim PF online:
Step 1: Visit UAN portal
Step 2: Enter your UAN number and password.
Step 3: After logging in, click on the tab ‘Manage’ and select KYC to check whether your KYC details are correct and verified or not.
Step 4: After the verification process, go to tab ‘Online Services’ and select the option ‘Claim’ from the drop-down menu.
Step 5: Now the ‘Claim’ screen will display member and other service details. Click on the tab ‘Proceed for Online Claim’ to submit your claim form.
Step 6: Select the claim you require i.e. full EPF Settlement, EPF Part withdrawal (loan/advance) or pension withdrawal, under the tab ‘I Want to Apply For’. If the member is not eligible for any of the services like PF withdrawal or pension withdrawal, then that particular option will not appear in the drop-down menu.
Step 8: Once the reason for withdrawal/ advance is selected, you will be required to enter your residential details. The individual will now be required to upload the scanned copy of cheque/ passbook. Select the terms and conditions once again. Click on ‘Get Aadhaar OTP’.
Step 9: A one-time password (OTP) will be sent to your mobile number registered with Aadhaar. Enter the OTP in the required box.
Once the OTP is entered successfully, your PF withdrawal process will end. That’s it!
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