To claim benefits under the Employee Pension Scheme (EPS), you will have to fill in and submit Form 10C. This can be done online as well. Follow the Steps given below to fill Form 10C Online: Visit the website of the Employees' Provident Fund ().
The individual can avail EPF withdrawal using Form 10C if that individual is unable to find employment after retiring from their previous job. In case, the member dies before 58 years of age, family members or legal nominee of the individual can withdraw the amount from EPS account.
EPF Withdrawal Online Procedure
- Step 2- From the top menu bar, click on the 'Online Services' tab and select 'Claim (Form-31, 19 & 10C)' from the drop-down menu.
- Step 3- Member Details will be displayed on the screen.
- Step 4- Click on 'Yes' to sign the certificate of undertaking and proceed further.
How to withdraw EPS?
- Activate your UAN (Universal Account Number)
- Fill your bank account details and your Aadhar card number on the UAN portal.
- Submit a filled Form 11 (new) to your employer.
- Submit a filled Composite Claim Form (Aadhar) to the concerned EPFO office along with a cancelled cheque.
Employees can also check their claim status by giving a missed call from their registered mobile number on the toll-free number – 011-22901406. Once the call is automatically disconnected, individuals will receive information about their PF claim status on their registered mobile number through an SMS.
Another reason for the rejection of your EPF claim withdrawal can be due to incomplete KYC. If your KYC details are not complete and verified, then the EPFO can reject your EPF withdrawal claim. An EPF member can log in to his/her Member e-Sewa account to check if the KYC is complete and verified.
Under the existing rule, employees who resign from a job before they turn 58 years of age can withdraw the full PF balance (and the EPS amount depending on the years of service), if he/she is unemployed for 60 straight days (two months) or more after leaving a job.
Visit the official website of EPF - epfindia.gov.in. Select the link - Click Here to Know your EPF Balance. Select the Member Balance Heading Section. Select your State of Residence and EPFO Office.
At present, the subscribers of the Employees Provident Fund Organisation (EPFO) are required to file transfer of EPF claims on changing jobs despite having universal account number (UAN). The EPFO gets about eight lakh EPF transfer claims every year.
How to withdraw PF online with UAN?
- Login to the portal – Visit the EPFO e-SEWA portal and login using your UAN and password, and enter the captcha code.
- Visit Online Claims section – When you've logged in, you can look for 'Claim (Form-31, 19, 10C & 10D)' in the 'Online Services' section.
If your employer has already created a new UAN for your PF account then you can withdraw the entire EPF balance of your old PF account after two months of switching jobs. You will technically be considered unemployed from the point of view of your old PF and hence you will be permitted to withdraw your money.
However, once the account becomes inoperative, the unclaimed funds are moved into the "Senior Citizens Welfare Fund". According to the rules, the unclaimed amount of the account which remains inoperative for 7 years is to be transferred to the Senior Citizens' Welfare Fund.
Provident Fund (EPF) Withdrawal, Transfer: How To Do It Online
- Log in to the EPFO members' portal using your UAN and password.
- Go to the 'Online Services' tab on the main menu of the home page and select 'Transfer Request' to generate an online transfer request.
- Once you click on the 'Transfer Request' tab, a page will open, where all your personal details will be shown.
Provident Fund Withdrawal via New Form
- Update your Aadhaar number in UAN portal.
- Get the Aadhaar authenticated by the employer and link it to UAN.
- Fill the withdrawal form online at the EPF member portal.
- Submit the duly filled form and you will get the withdrawn amount in your bank account in a fortnight.
Steps to apply for EPF withdrawal online:
- Step 1: Go to the UAN portal by clicking here.
- Step 2: Log in with your UAN and password and enter the captcha.
- Step 3: Then, click on the tab 'Manage' and select KYC to check whether your KYC details such as Aadhaar, PAN and the bank details are correct and verified or not.
- Short code SMS service: SMS EPFOHO<UAN><LAN> to 7738299899(652.2KB)
- Missed call service: Give a Missed call to 01122901406(273.6KB)
If unemployment persists for over 2 months, then it is advisable to withdraw your entire EPF balance. It would be far more fruitful from an investor's perspective to utilise the amount effectively in other savings schemes such as Public Provident Fund (PPF) or National Pension Scheme (NPS).
However, the person should have completed contribution to EPF for at least seven years. EPFO allows three such withdrawals for this purpose and an employee can withdraw upto 50% of his/her share.
Your declaration in the PF advance form is enough . But, You would not get your 100% EPF balance without leaving the job. Full EPF withdrawal is not permitted before the retirement. You can use UAN member portal for the partial EPF withdrawal as well.
To register any complaints regarding your EPF UAN, you can call the customer care executives of EPFO at their toll free number- 1800 118 005.
The individual can withdraw the savings of EPS on the EPFO portal by claiming Form 10C. The employee should have an active UAN and link it to the KYC details in order to withdraw the savings from the employee pension scheme. Based on the years of service one can only withdraw a percentage of EPS amount.
Solution: You need to update the bank details by giving all the digits including 0s. So for SBI give the 17-digit account number. You need to update Bank details in KYC, get it approved by your employer. Then again claim online.
Time taken by the bank: The EPFO processes the claim and issues the cheque to the bank generally within three days of applying the claim. Banks typically take additional one to three days to credit the money to the employee's account.
