The Employees’ Provident Fund Organisation (EPFO) provides an online withdrawal facility, greatly simplifying the process. However, certain conditions must be met before you file for EPF withdrawal online:

• The Universal Account Number (UAN) must be activated, and the mobile number used for this activation must be operational.
• Member’s KYC (Aadhaar, PAN, and bank account details including IFSC) should be updated on UAN.

Steps for EPF Withdrawal Online

• Login: Visit the official EPFO portal, then log in using your UAN and password. Complete the CAPTCHA to authenticate.

• Verify KYC Details: Click on the ‘Manage’ tab, select ‘KYC,’ and ensure all personal and bank information is accurate.
• Access the Claim Form: Open the ‘Online Services’ tab and choose ‘Claim (Form 31, 19 & 10C).’ Confirm the displayed KYC and service details.

• Bank Account Verification: Enter your bank account number and select ‘Verify.’ Accept the online undertaking to confirm the credit of funds.

• Submit Your Claim: Click ‘Proceed for Online Claim’ and choose the suitable option—Full EPF Settlement, EPF Part Withdrawal, or Pension Withdrawal. Specify the purpose, enter the required amount, and upload any needed documents.

Dear Sir/Madam, your Claim Id DSNHPxxxxxxxxxxxx is under process and will be settled shortly. – EPFO

After receiving this SMS notification, the claim usually gets resolved in 10 days

Your Online Claim Form-31 (DSNHPxxxxxxxxxxxx) is Settled for Rs. xxxxxxx/- on 13-12-24 and will be credited within 3 working days in bank A/c ending with xxxx.

NOTE: The entire claim process usually takes 3-22 working days.

Steps for EPF Withdrawal Offline

If you do not have a UAN, PF withdrawal is still possible via Aadhaar-based or Non-Aadhaar composite claim forms. Submit the appropriate form along with required documentation to the Regional PF Office. Attestation from a bank manager, magistrate, or a gazetted officer may be necessary. After verification, the amount will be credited to your bank account.

Understanding the Key Forms

• EPF Form 31 (Advance Form): For partial or advance withdrawal, for example due to medical treatment, educational expenses, or home renovation.
• EPF Form 19: For final PF settlement or withdrawal. This form can be used without a UAN by simply providing the PF account number.
• Form 10C: For withdrawing the pension component if your total service period is between 6 months and 10 years before leaving employment.

Documents and Prerequisites for Online Withdrawal

• UAN (Universal Account Number): Must be active.
• Aadhaar Linked to UAN: Ensures a smoother authentication process.
• Bank Account Details: Must be linked to both Aadhaar and UAN.
• Updated KYC: Verify Aadhaar, PAN, and bank details before initiating the claim.

Partial Withdrawals

• Pre-Retirement (Age 58): Up to 90% of the accumulated amount within one year of retirement.
• Medical: Up to 6 times monthly basic pay or total employee share + interest, no service requirement.
• Marriage/Education: Up to 50% of employee share after 7 years of service.
• Home Purchase/Renovation/Loan: Amount depends on service tenure and purpose.

Tax Implications

If you withdraw your EPF before completing five continuous years of service, and the amount exceeds Rs. 50,000, it is treated as taxable income and will attract TDS. The standard TDS rate is 10% (if you furnish your PAN) and it rises to 34.608% without PAN. Submitting Form 15H/G can help avoid TDS.

From FY22 onwards, new conditions apply:

1. If the employer’s total contributions to EPF, NPS, and/or superannuation exceed Rs. 7.5 lakh in a financial year, the surplus becomes taxable.
2. For annual contributions exceeding Rs. 2.5 lakhs (for salaried employees) or Rs. 5 lakhs (for self-employed individuals), TDS may be levied on the interest earned.

Always review your taxable data each year—especially if merging passbooks or transferring PF accounts—and plan your taxes accordingly.

Checking Your Claim Status

1. Enter the given reference number to view the progress of your claim.
2. Log in to the UAN portal.
3. Click on ‘Online Services’ and select ‘Track Claim Status’

Summary

Withdrawing PF is simpler if your UAN is active, KYC is updated, if you know the right forms, and understand service conditions and tax rules. If this all seems overwhelming, you can reach out to our PF experts.