EPF withdrawal: The Workers’ Provident Fund Organisation (EPFO) permits its subscribers to withdraw non-refundable advance from their Workers’ Provident Fund (EPF) account underneath sure situations. As per the EPF guidelines, an EPFO member can withdraw as much as 75 per cent of the excellent EPF stability or three months fundamental pay plus Dearness Allowance (DA), whichever is decrease. Right here, EPF excellent stability means staff’ share, employers’ share and EPF curiosity. In steadily requested questions obtainable on EPFO web site, the provident fund regulator claims that non-refundable EPF advance is three working days, supplied the net declare kinds ahs been crammed correctly and the claimant fulfills the eligibility situation.
EPF non-refundable declare: Eligibility situations
The EPFO has not too long ago tweeted from its official twitter deal with and knowledgeable that there are some situation that an EPF account holder ought to fulfill to change into eligible to say non-refundable EPF advance. These situations are — housing mortgage / buy of website/ home/flat or for building/addition, alteration in current home/compensation of housing mortgage, sickness of EPFO member of his member of the family, marriage of self, son, daughter, brother or sister, post-matriculation training of kids, pure calamity, unemployment for not lower than one month, investing in varishtha pension bima yojana, and so on.
Methods to declare non-refundable EPF advance on-line
As per the EPFO tweet, “#EPF #Members can apply for Non-refundable EPF Advance via Unified Member Portal or #UMANG App, to avail varied advantages.”
Right here is step-by-step information to say non-refundable EPF advance withdrawal:
1] Login at unified EPFO portal — unifiedportal-mem.epfindia.gov.in/memberinterface;
2] Go to on-line service declare (Kind 31, 19, 10C & 10D);
3] Add financial institution cheque leaf along with your identify talked about on it;
4] Submit the shape by clicking at ‘submit’ choice.
An EPFO member can declare this EPF withdrawal utilizing one’s android cellphone or smartphone by downloading Umang App. They’ll replicate the identical course of talked about above by logging in on the Umang App by utilizing UAN and OTP acquired on the registered cell quantity.
Supply: Live Mint