Retirement fund body EPFO or Employees' Provident Fund Organisation allows subscribers to withdraw money from their Employees' Provident Fund (EPF) corpus under certain conditions. In EPF, a mandatory contribution is deducted from the salary of an employee and contributed towards the provident fund. The subscribers can put a claim for fund withdrawal online via EPFO's website - unifiedportal-mem.epfindia.gov.in. The claim is then forwarded to the employer for approval. Once approved, the amount is credited to the subscriber's account within 10 days, according to the EPFO's website - epfindia.gov.in. (Also read: How To Check Your Employees' Provident Fund (EPF) Balance)
To apply for an EPF withdrawal online, the subscriber must have an active UAN (Universal Account Number) and the mobile number used for activating the UAN number should be in working condition. The UAN should be KYC (Know Your Customer)-verified by furnishing information such as Aadhaar, PAN (Permanent Account Number) and bank details, according to the EPFO website.
Here are the steps to initiate an EPF claim online via provident fund body EPFO's website:
Step 1: Log in to the EPFO portal - unifiedportal-mem.epfindia.gov.in using UAN and password
Step 2: Select 'Claim' under the 'Online Services' section
Step 3: Click on 'Verify'
Step 4: In the claim form, enter the last four digits of the bank account, and click on 'Proceed For Online Claim'
Step 5: In the new tab, the subscriber is required to fill the EPF claim details such as the purpose and the amount of advance; the subscriber must choose the type of withdrawal claim they wish to file: full withdrawal, partial withdrawal or pension withdrawal
Step 6: Click on 'Get Aadhaar OTP'; enter the OTP (One Time Password), which is sent to the mobile number registered with the Aadhaar card
The claim is thus submitted. The subscriber can check the 'claim status' by selecting the option under 'online services'.
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