PF Withdrawal

January 16, 2025 by Team Instabizfilings

The Provident Fund (PF) is one of the basic saving tools formed to enable a person to save for his/her future needs. That is why, in case you require-cash-early the PF amount, it becomes extremely necessary to know about the PF withdrawal procedure and then follow it patiently. Whether you have switched jobs, are planning to retire or for whatever reasons be it a personal emergency that forces you to withdraw money from your PF pool, this guide in the article PF withdrawal has it all.

How to Withdraw PF Amount: The Basics

Getting a refund of your accumulated PF balance is not complicated if you do it right.

Eligibility for PF Withdrawal: Bear in mind that before you start your research, you need to ensure that you qualify for participation in this research. Generally, you can withdraw your PF balance when:

You leave your job.
You retire from service.
You are out of job for over two months.

PF Withdrawal Login: In order to start the process, you must first access the EPFO (Employees’ Provident Fund Organisation) login page . This can be accomplished by going to the PF withdrawal online portal and entering with your UAN id and password.

How to Withdraw PF Online: Step-by-Step Process

If you are looking to withdraw your PF online, follow these steps:

Login to the EPFO Portal: Visit EPFO portal using URL (https://www.epfindia.gov.in) and then find the option of UAN member portal. UAN and password are required to be entered to log in to the website.
Verify KYC Details: It is essential to update all your KYC details including Aadhar Card, PAN Card and bank details with your trading brokers. This is very convenient for the processing of withdrawal procedures in the shortest time.
Select the Withdrawal Option: After the user has … Select the ‘Online Services’ tab and select the ‘Claim (Form-31, 19, 10C & 10D)’ tab.
Choose Withdrawal Type:The following are the possible scenarios that dictate your decision of whether to withdraw full PF balance or just a partial amount as follows; Transferring of pension fund is also allowed if one is withdrawing full funds.
Fill in the Form: It is now compulsory to complete the PF withdrawal form online. This form is created once you make a selection among those presented to you. Fill all the required fields.
Submit the Claim: When you complete the claim form, your details will be checked by EPFO. The amount you withdraw will be debited to your account after you have submitted the request. Then the amount shall be remitted to the account which you own.

PF Withdrawal Rules: What You Need to Know

While the process is straightforward, there are a few PF withdrawal rules to keep in mind:

Partial Withdrawal: You can opt for partial withdrawal in case of specific emergencies like medical treatment, home purchase, or education.
Withdrawal Timing: PF withdrawal time typically takes 15 to 20 days, provided all your details are correct and up to date.
Tax on Withdrawal: If you withdraw your PF before completing 5 years of continuous service, it may be subject to tax. However, if the withdrawal is after 5 years, no tax will be levied.
Form 15G for PF Withdrawal: If your PF balance is below the taxable limit, you can submit Form 15G to avoid tax deductions at source (TDS). This form ensures no tax is deducted from your balance.

Form 15G for PF Withdrawal PDF: You can download the Form 15G PDF from the EPFO website and submit it while withdrawing your PF amount.

How to Withdraw Money from PF Account

In case you are thinking about how to withdraw money from a PF account then it’s quite simple to do it online from the EPFO site. But in some scenarios, it becomes compulsory to fill the PF withdrawal form physically in the separate annex where the passbook is generated and you don’t have an Aadhaar card linked with your UAN.

PF Withdrawal Status: How to Track Your Claim

Once you've submitted your PF withdrawal application, you can track its status by:

Logging into the EPFO portal.
Through the use of the ‘Online Services’ tab specifically ‘Track Claim Status’.

Using this tab, you actually will be able to see whether your request has been addressed, is still in the process of being addressed, or has been denied.

Common Queries About PF Withdrawal

How to Withdraw PF Amount through Online Option? People can conveniently withdraw their PF through the online mode by accessing the UAN Member Portal and following the path EPFO portal for withdrawal request.
PF Withdrawal Time: Normally, in case of PF withdrawal is 15-20 days from the date your particulars are verified, however it might take longer depending on EPFO.
Know How You Can Withdraw Funds From PF on Resignation? When you resign from your job, you can also apply for PF withdrawal through the online method only. This should be done and ensured that the UAN is activated besides ensuring update of the KYC details.

Conclusion

Getting your PF balance withdrawn is now easier than ever with the PF withdrawal online facility. Here are illustrated the various details that you should check for you to be able to easily access the provident fund balance; Firstly, follow the right procedure and ensure that your details are updated. Whether it is for some personal issue, a change in jobs or even retirement, knowing about PF withdrawal process and different PF withdrawal rules will make things a lot easier.

If you need to withdraw PF and are eligible, then make sure you file Form 15G and keep checking your PF withdrawal online.

Disclaimer

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