PF Withdrawal Form

Understand different PF withdrawal form and when to use them.
PF Withdrawal Form
3 min
12-March-2024

PF withdrawal form is a crucial document required to claim your PF amount, either partially or in full, under various circumstances. Understanding this form's purpose and correct usage is essential for a smooth and hassle-free withdrawal process.

What is the purpose of the PF claim form?

The PF claim form is a crucial document when requesting your Employee Provident Fund (EPF) balance. Different forms exist for various withdrawal reasons, ensuring a smooth and accurate processing of your claim.

By filling out the appropriate form and submitting it with the necessary documents, you can withdraw your PF amount.

Complete EPF withdrawal

  • Eligibility: Upon retirement or if unemployed for more than two months.
  • Process: You can submit the EPF claim form online through the EPFO portal or offline by downloading it and submitting it to the nearest EPFO office.

Partial EPF withdrawal

You can also partially withdraw your PF. The following are the different scenarios and limitations.

  • Circumstances: Education, marriage, home loan repayment, home renovation, or medical emergency.
  • Limitations: Amount varies based on the reason for withdrawal and years of service.

Different types of PF withdrawal forms available

Form

Purpose

Form 10C

Withdraw your Employee Pension Scheme (EPS) amount.

Form 10D

Apply for a pension after retirement.

Form 11

Automatic transfer of your EPF balance to your new employer's account if you switch jobs.

Form 14

To link your EPF account with a Life Insurance Policy (LIC).

Form 15G (Not for Withdrawal)

Helps save Tax Deducted at Source (TDS) on any interest earned from EPF.

Form 19

Settle your entire EPF account balance.

Form 2

Nominate beneficiaries who will receive your EPF amount in case of your death.

Form 20

Settle your EPF account balance in case of your death (claimed by nominee or legal heir).

Form 31

Partial withdraw or advance from your EPF account

EPF Form 20

Application form for claiming EPF funds by a nominee/legal heir after the death of the member

EPF Form 5(IF)

Claim form for insurance benefits under the Employees’ Deposit Linked Insurance Scheme (EDLIS)

 

Process to apply for EPF withdrawal online

Step 1: Navigate to the UAN portal.

Step 2: Enter your UAN and password. Fill in the captcha.

Step 3: Go to the "Manage" tab and click on "KYC." This checks if your Aadhaar card, PAN card, and bank account details are linked and verified.

Step 4: Once your KYC is verified, navigate to the "Online Services" tab, and choose "Claim (Form-31, 19 & 10C)" from the menu.

Step 5: You will see your member details, KYC information, and other service details. Enter your bank account number and click "Verify."

Step 6: Click "Yes" to acknowledge the undertaking and proceed.

Step 7: Click "Proceed for Online Claim." Under the section "I Want To Apply For," choose the type of claim you need: Full EPF Settlement, partial EPF W\withdrawal (loan/advance), or pension withdrawal. 

Step 8: If you are applying for a partial withdrawal, select "PF Advance". Fill in the reason for the advance, the amount you need, and your current address.

Step 9: Review your application and click "Submit" on the certificate. You might need to upload scanned documents depending on your claim type.

Step 10: Submit the application, and if approved, funds will be credited to your bank account in 15-20 days.

How to check EPF claim status

  1. Visit the official EPFO website
  2. Log in by entering enter your UAN and password
  3. Once logged in, navigate to "Online Services" section
  4. Within the online services menu, choose "Track Claim Status" to access your specific withdrawal application's progress

Eligible conditions for withdrawal

  • You can withdraw your entire EPF balance upon retirement, after reaching the age of 58.
  • Facing a medical emergency for yourself or a dependent allows a partial withdrawal.
  • Funds can be partially withdrawn for your child's higher education.
  • Partial withdrawal is allowed for home purchase or construction.
  • If you lose your job due to layoff or retrenchment, you can withdraw a portion of your EPF corpus.

Note- According to new law you can withdraw 75% of the corpus after one month of unemployment. And remaining 25% gets transferred to your new EPF account once you find a new job.

Conclusion

PF withdrawal process involves choosing the right form based on your specific circumstances. By understanding the purpose and eligibility criteria of each form, individuals can ensure a hassle-free withdrawal experience. It is essential to stay informed, keep documents updated, and follow the prescribed procedures to access your hard-earned savings when needed.

Disclaimer

As regards deposit taking activity of Bajaj Finance Ltd (BFL), the viewers may refer to the advertisement in the Indian Express (Mumbai Edition) and Loksatta (Pune Edition) furnished in the application form for soliciting public deposits or refer https://www.bajajfinserv.in/fixed-deposit-archives
The company is having a valid Certificate of Registration dated March 5, 1998 issued by the Reserve Bank of India under section 45 IA of the Reserve Bank of India Act, 1934. However, the RBI does not accept any responsibility or guarantee about the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for repayment of deposits/discharge of the liabilities by the company.

For the FD calculator the actual returns may vary slightly if the Fixed Deposit tenure includes a leap year.