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Features
Ref. No. KLI/22-23/E-BB/492
Knowing how to withdraw PF amounts online enables people to address their needs effectively, guaranteeing efficiency and order in their financial freedom.
The role of EPF is crucial for the financial stability of an individual working in different sectors. As people advance in their work, they need to know about the services offered to them on their EPF account. Now, in the age of the Internet and computers, online transactions have made people’s lives easier and more convenient; the same is true for EPF withdrawal.
This blog will help you understand the process of EPF withdrawal online. Understanding how to withdraw PF amount online is important, especially when facing a job change, retirement, or supporting emergencies.
Below are the steps to initiate PF withdrawal online, categorized into physical and online applications.
To withdraw your PF amount through the physical application, follow these steps:
The EPFO has simplified the withdrawal process with an online facility. Learn how to withdraw employee provident fund online with the following steps:
Withdrawing your EPF amount online through your Universal Account Number (UAN) is simple and efficient. Follow these steps to access your funds and explore how to withdraw employee PF amount:
Visit the EPFO e-SEWA portal, log in using your UAN and password, and enter the captcha code. If you have forgotten your password, you can reset it via an OTP sent to your registered mobile number.
Once logged in, go to the ‘Online Services’ section and select ‘Claim (Form-31, 19, 10C & 10D)’.
Enter the correct bank account number (seeded with UAN) for verification.
Verify your details, accept EPFO’s Terms and Conditions, and click ‘Proceed for Online Claim.’
Choose the reason for withdrawal from the dropdown menu. Only eligible options will be shown.
Provide your complete address and, if necessary, upload cheque/passbook details for ‘Advance Claim.’ Accept further ‘Terms and Conditions’ before requesting an OTP for verification.
Request an OTP, which will be sent to the mobile number registered with your Aadhaar. Enter the OTP to submit your claim application.
After submitting your claim, track your EPF claim status by logging into your member e-SEWA portal account under ‘Track Claim Status.’ The EPFO office will verify your details and process your claim, crediting the amount to your bank account linked with your UAN.
If you do not have a Universal Account Number (UAN), you can still withdraw your EPF amount by following these steps:
Choose between an Aadhaar-based Composite Claim Form or a Non-Aadhaar Composite Claim Form, available online.
Complete the chosen form with accurate personal and employment details.
Submit the completed form to your Regional Provident Fund Office. Then, using your Provident Fund Account Number, usually found on your salary slip, determine the jurisdiction of your PF office.
You may need to get your identity attested by a bank manager, magistrate, or gazette officer for verification.
Once submitted, the Regional Provident Fund Office will process your withdrawal form, and the amount will be credited to your registered bank account.
By following these steps, you can successfully withdraw your EPF amount, ensuring that you have access to your funds when needed, whether you have a UAN or not.
Explore the eligibility criteria for complete and partial withdrawals from your EPF account. Discover the circumstances and conditions that allow you to access your funds partially or entirely.
EPF can be withdrawn entirely under the following circumstances:
Individuals cannot completely withdraw their EPF balance while switching employers if they have not been unemployed for two months or more (i.e., the interim period between changing jobs).
Let us see how to withdraw PF amount partially under specific circumstances:
| Circumstance |
Years of Service Required |
Conditions |
| Medical Treatment |
No specific criteria |
Withdrawal for medical treatment of self, spouse, children, or parents. |
| Education |
7 Years |
Withdrawal for the account holder’s or child’s education (post matriculation). |
| Marriage |
7 Years |
Withdrawal for marriage expenses of the account holder, their son/daughter, or sibling. |
| Purchase of Site, Flat, or House |
5 Years |
Withdrawal for properties owned by the employee, spouse, or jointly with the spouse. |
| House Renovation |
5 Years |
Withdrawal for property renovations owned solely by the employee or jointly with the spouse. |
| Home, Site, or Flat Purchase or Construction Loan Repayment |
10 Years |
Withdrawal for properties owned by the employee or jointly with the spouse, subject to housing loan documentation. |
| Partial Withdrawal Before Retirement |
When the employee reaches 54 years |
Withdrawal should be made at least one year before retirement or superannuation. |
To be eligible for withdrawing your PF amount after resignation, you need to meet the following conditions:
EPF withdrawals are tax-free if an employee has contributed to the EPF account for five consecutive years. However, if there is a break in these five years of contributions, the EPF withdrawal amount becomes taxable for that financial year.
Here are the key points regarding TDS (Tax Deducted at Source) on EPF withdrawals:
TDS is deducted if an employee withdraws the EPF amount before completing five years of service and the amount withdrawn exceeds ₹50,000.
If the employee withdraws more than ₹50,000 before completing five years and providing their PAN card, a 10% TDS will be deducted from the EPF withdrawal.
If the employee does not provide their PAN card, a TDS of 30% will be deducted from the withdrawn amount.
No TDS will be deducted if the employee furnishes Form 15G/15H. These forms can be downloaded from the EPFO portal or the websites of major banks.
No TDS is deducted when an employee withdraws the EPF amount after completing five years of continuous service, regardless of the withdrawal amount.
To withdraw your PF amount, you will need to provide the following documents:
Your UAN is essential for all EPF transactions, including withdrawals. Ensure that your UAN is activated and up-to-date.
You must provide details of your bank account where you want the withdrawal amount credited. It includes the bank name, account number, and IFSC code.
You must submit valid identity and address proof documents, such as an Aadhaar card, PAN card, passport, voter ID card, or driver’s license.
A canceled cheque with the IFSC code and account number printed on it is required for verification purposes. It ensures that the withdrawn amount is credited to the correct bank account.
To facilitate PF withdrawal, accurately inputting the exit date is crucial. The Employees’ Provident Fund Organisation (EPFO) has simplified this process by allowing employees to enter their exit date directly through the Unified Member Portal. Here’s how you can do it:
Access the UAN portal using your Universal Account Number (UAN) and password.
Once logged in, go to the ‘Manage’ tab and locate the ‘Mark Exit’ option.
Select your previous employer from the drop-down menu provided.
Fill in the necessary details, including your date of birth, joining date with the previous employer, and exit date, as per your resignation or leaving letter.
After entering the exit date, you can verify it by accessing the ‘Service History’ option under the ‘View’ tab on the UAN portal.
To withdraw your Employees’ Provident Fund (EPF), you must fill out specific forms based on the type of withdrawal you seek. These forms cater to withdrawal needs, such as full settlement, partial withdrawals, or pension claims. Below is an overview of the primary forms used for EPF withdrawal.
EPF Form 31 is used for partial withdrawals or to avail of advances from the EPF account. Here’s how you can download and submit Form 31:
EPF Form 19 is used for the final settlement of EPF funds. It includes two pages with the following details:
Form 10C is required to withdraw or transfer the EPS (Employee Pension Scheme) amount. Here’s how to fill out and submit Form 10C:
The impact of EPF contributions extends into the future, offering financial security and stability. By consistently contributing to your EPF account throughout your working years, you build a substantial corpus that serves as a safety net during retirement or unforeseen circumstances. Your EPF contributions, coupled with interest accrual, grow over time, providing a reliable source of income post-retirement. Additionally, EPF contributions are tax-efficient, offering benefits such as tax-free withdrawals after five years of continuous contributions.
Withdrawing your EPF amount online is a streamlined and efficient process, ensuring you can access your funds when needed. By following the outlined steps on withdrawing PF amount, you can successfully manage your EPF withdrawals through the UAN portal or by submitting physical forms. Remember to keep your details and KYC information updated to avoid delays. Whether you opt for full or partial withdrawal, understanding the procedures will help you steer the process smoothly and ensure timely access to your provident fund.
1
No, you are not required to withdraw your PF immediately after leaving a job. You can transfer it to your new employer’s PF account when you switch jobs.
2
PF withdrawal generally takes around 15-20 working days to be processed and credited to your bank account, depending on the efficiency of the EPFO and the accuracy of your submitted details.
3
No, there is no age limit for joining the Employees’ Provident Fund (EPF).
4
Yes, you can entirely withdraw your PF after being unemployed for over two months post-resignation. This process, known as “how to withdraw PF online after leaving job,” allows individuals to access their Provident Fund (PF) amount during periods of unemployment.
5
Yes, partial withdrawals are allowed under specific conditions, such as medical emergencies, marriage, education, property purchase, or home renovation.
Amit Raje is an experienced marketer who has worked in various Fintechs and leading Financial companies in India. With focused experience in Digital, Amit has pioneered multiple digital commerce in India. Now, close to two decades later, he is the vice president and head of the D2C business department. He masters the skill of strategic management, also being certified in it from IIMA. He has challenged his challenges and contributed his efforts in this journey of digital transformation.
Prasad Pimple has a decade-long experience in the Life insurance sector and as EVP, Kotak Life heads Digital Business. He is responsible for developing user friendly product journeys, creating consumer awareness and helping consumers in identifying need for life insurance solutions. He has 20+ years of experience in creating and building business verticals across Insurance, Telecom and Banking sectors
Features
Ref. No. KLI/22-23/E-BB/2435
The information herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The content has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Further customer is the advised to go through the sales brochure before conducting any sale. Above illustrations are only for understanding, it is not directly or indirectly related to the performance of any product or plans of Kotak Life.
