Right ESI PF Consultant in Ahmedabad
Top Research ESI PF Consultant in Ahmedabad
EPF Withdrawal: What is It?
According to the Employee Provident Fund Act of 1952, the government established the Online Employee Provident Fund, a program in which you and your employer make monthly contributions of a predetermined sum. It assists you in creating a corpus for your post-retirement life since funds are invested periodically. Your combined EPF account, which is recognized by your Universal Account Number (UAN), will remain unchanged even though your PF account will change each time you start working for a new company. To verify your PF data, you just need this 12-digit UAN, which is quite helpful. By entering your UAN, you may use the EPFO e-SEWA online, mobile app, and SMS to find out your EPF balance or to see contributions made by your employer. Pro Legal HR Payroll Service in India by ESI PF Consultant in Ahmedabad.
What is needed to make an online PF withdrawal?
You could need immediate access to these money in the event of an emergency,
such as a hospital stay, a wedding or child's schooling, or home repairs and
renovations. You may take a complete or partial withdrawal from your PF in lieu
of taking out a loan. Just bear in mind that you will need to have your
Universal Account Number (UAN) on hand in order to start the PF withdrawal
procedure. Pro Legal HR Payroll Service in India by ESI PF Consultant in Ahmedabad.
You must make sure of the following in order to use the EPFO site to withdraw
your PF amount:
UAN has to be turned on.
It is necessary to link and validate the Aadhar number with the UAN.
Your desired bank account must be connected to your UAN and authorized by your
employer using an authorised signatory's digital signature.
Name Printed Your bank account's cancelled check that was seeded with your UAN.
Before submitting a claim, you may amend your information and finish the eKYC
procedure if anything changes.
How can I use UAN to make an online PF withdrawal?
By going to the EPFO e-SEWA site, you may conveniently withdraw your PF online
using your UAN. The steps you must take are as follows:
Open the portal and log in. Go to the EPFO e-SEWA site, input the captcha code,
and log in using your UAN and password. An OTP provided to your registered
cellphone number may be used to reset your password if you've forgotten it.
Go to the Online Claims area. After logging in, choose "Claim (Form-31,
19, 10C & 10D)" under "Online Services."
Provide bank account information: As a verification step, you will need to input the right bank account number (seeded with UAN) when this area opens.
Verify Terms & Conditions: After confirming your information, you must confirm the "Terms and Conditions" as specified by EPFO. After that, you may choose "Proceed for Online Claim."
Select cause for withdrawal - You’ll discover a dropdown menu, from which you would need to pick the reason for withdrawing from your PF account. Only the alternatives for which you qualify will be shown to you.
Enter information and upload documents: If you have selected the "Advance Claim" option, you may also need to submit your check or passbook data in addition to entering your full address when choosing the reason for withdrawal. Prior to obtaining a one-time password (OTP) for verification, you will need to accept additional "Terms and Conditions."
Obtain an Aadhaar OTP: After verifying your information and agreeing to the "Terms and Conditions," you must request an OTP, which will be issued to the cellphone number linked to your Aadhaar. Your claim application will be filed when you input the OTP.
After submitting your claim, you may check its progress by going to the "Track Claim Status" section of your Member e-SEWA portal account. The information you provide on your online claim form will be compared to the information in the EPFO authorities' records. They will process your claim application when they have finished verifying it, and the money will be credited to the bank account associated with your UAN.
Comments
Post a Comment