EPF withdrawal: The Employees’ Provident Fund Organisation (EPFO) permits its subscribers to withdraw non-refundable advance from their Employees’ Provident Fund (EPF) account beneath sure situations. As per the EPF guidelines, an EPFO member can withdraw as much as 75 per cent of the excellent EPF steadiness or three months fundamental pay plus Dearness Allowance (DA), whichever is decrease. Here, EPF excellent steadiness means workers’ share, employers’ share and EPF curiosity. In often 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 stuffed 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 assert non-refundable EPF advance. Those situations are — housing mortgage / buy of website/ home/flat or for building/addition, alteration in present home/reimbursement 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 many others.
How to assert non-refundable EPF advance on-line
As per the EPFO tweet, “#EPF #Members can apply for Non-refundable EPF Advance through Unified Member Portal or #UMANG App, to avail various benefits.”
Here is step-by-step information to assert non-refundable EPF advance withdrawal:
1] Login at unified EPFO portal — unifiedportal-mem.epfindia.gov.in/memberinterface;
2] Go to on-line service declare (Form 31, 19, 10C & 10D);
3] Upload financial institution cheque leaf together 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 can replicate the identical course of talked about above by logging in on the Umang App by utilizing UAN and OTP obtained on the registered cellular quantity.
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