PF Withdrawal 2022 – How to withdraw PF online in 11 easy steps: Employees’ Provident Fund is a scheme launched by the government as per the Employees’ Provident Fund Act of 1952, in which you and your employer contribute a specific amount every month. It is really very helpful for the future of the employee.
As per EPF rules, employees must contribute 12% of their basic salary to the fund every month. The employer contributes an equal amount to the PF account of the employee. Interest is earned on an annual basis on the amount deposited in EPF accounts. If you want to know your EPF balance or withdrawl PF amount online, you can do so by logging in with your UAN through EPFO e-Seva Portal, Mobile App and SMS.
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How to withdraw PF Online?
Broadly speaking, EPF withdrawal can be done either by submitting a physical application or online application. In this post, we will provide detailed information about online application. Let us first know what are the things required to withdrawl PF online from EPFO portal.
- UAN and Password
- Aadhaar number should be linked and verified with UAN.
- The bank account in which you want to receive the funds should be the same as the bank account registered with your Aadhaar.
If you have arranged the above things then you can easily withdraw PF online by following the procedure given below.
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Online PF Withdrawal process 2022
Step 1: Enter the captcha and click on the ‘Sign In’ button.
Step 2: To check whether your KYC details like Aadhaar, PAN and bank details are verified or not, click on ‘Manage’ tab and select ‘KYC’.
Step 3: Once the KYC details are verified, go to the ‘Online Services’ tab.
Step 4: Select the option ‘Claim (Form-31, 19 10C & 10D)’ from the drop-down menu.
Step 5: Enter your bank account number and click ‘Verify’.
Step 6: Click on ‘Yes’ to sign the Undertaking Certificate and then proceed further.
Step 7: Now click on ‘Proceed for Online Claim’.
Step 8: In the claim form, select the claim you require.
Step 9: You may be asked to submit the scanned documents for the purpose for which you have filled the form.
Step 10: Click on the certificate and submit your application.
Step 11: The employer has to approve the withdrawal request, and only then you will receive the money in your bank account. It usually takes 15-20 days to get the money credited in the bank account.
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Yes, you can make premature PF withdrawal on production of documentary evidence, subject to fulfillment of certain conditions.
Your EPF claim can be settled within 20 working days.
Yes, EPF contribution is tax-deductible under 80C of the Income Tax Act, 1961.