Employee Provident Fund Withdrawals Simplified - Yahoo India Finance

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Tue 15 Dec, 2015, 8:55 PM IST - India Markets closed

Employee Provident Fund Withdrawals Simplified

By Dheeraj Kapoor | Bankbazaar.com Mon 14 Dec, 2015 7:00 AM IST

Were you thinking of withdrawing your Employee Provident Fund? Theres good news for you. The Employee Provident
Fund Organization (EPFO) has recently announced a simplified process for the withdrawal of EPF. Now you need not
worry about getting the forms attested by your employer. The new process is simpler, faster and more secure. Read on to
learn all about it. Well take you through the process, one step at a time.
Whats New?
The EPFO has introduced a revised set of forms to facilitate smooth, hassle-free EPF withdrawals.
Did you find the old process that required the employers verification and attestation very cumbersome? Not anymore. As
a result of the new changes, the withdrawal process will be much faster because now you do not need to get the
withdrawal forms attested by your employer.
Read more about the new EPFO Guidelines.
The EPFO has introduced three new forms.

Form 19 UAN At the time of retirement, or when you leave a job, you can use this form to withdraw your

Employee Provident Fund. Remember, withdrawing money from the Employee Provident Fund is permitted only if you
are unemployed for a period of 2 months.

Form 10-C UAN This form can be used to withdraw money from your EPS account. The EPS account is a

separate account that is linked to your Employee Provident Fund. This EPS account covers your pension. You are
allowed to make a withdrawal from the EPS account only if your EPF account is less than 10 years old.

Form 31 UAN You can submit this form if you wish to make a partial withdrawal from your EPF account. A

partial withdrawal can be made for marriage, medical emergencies or if you plan to buy a house.
Who Can Use the New EPF Forms?
Did you think everyone can use the new EPF forms? The new EPF forms can be used only by those employees who fulfil
the following two conditions.

Your Universal Account Number (UAN) must be linked with your Aadhar number.

Your KYC details and bank account number should be verified by your employer using a digital signature.

Got a New Job?

If you just got a new job and want to withdraw your Employee Provident Fund, you cannot make a withdrawal. What do
you do then, you ask? Apply for a transfer of your EPF.

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Employee Provident Fund Withdrawals Simplified - Yahoo India Finance

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A Guide to Withdrawing Money from your Employee Provident Fund Account

Well walk you through the process of withdrawing money from your EPF account.
1.

Ensure your UAN is Active & KYC Information is verified. You must first make sure your UAN is active

and all your KYC information is verified by your employer. Login to verify that you are eligible to use the new forms.
Review your KYC details under Profile > Update KYC Information.
If you have more than one UAN assigned to you, use the one given to you by your present employer.
2.

Fill the EPF Withdrawal Form. On verification of your UAN status and KYC information, complete the EPF

Withdrawal forms.
You will need to provide the following information:

Your mobile number

UAN number

Date of leaving

Reason for leaving service

PAN number & complete postal address

Remember to attach a cancelled cheque of the bank account mentioned in your KYC information.
3.

Send the form to the EPF Jurisdiction Office. Now all you need to do is submit the completed form by

courier to the EPF office that falls under your jurisdiction. Locate the address of the regional EPF office.
Want to withdraw your entire EPF amount?
If you want to withdraw your entire EPF amount, you need to complete Form 19 UAN & Form 10-C UAN and send them
both to the EPF office.
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https://in.finance.yahoo.com/news/employee-provident-fund-withdrawals-simplified-013...

15/12/2015