Abhijit Shaha & Co.

The Employee Provident Fund Organization (EPFO) has recently announced a simplified process for the withdrawal of EPF.

• No need of attestation from employer

• Introduction of 3 new forms

1. FORM 19 UAN: Can be used at the time of retirement or leaving a job, Withdrawal is allowed if you are unemployed for 2 months.
2. Form 10-C UAN :  Can be used to withdraw money from EPS Account ( EPS A/c covers pension), Withdrawal permissible only if your EPF account is less than 10 years old
3. Form 31 UAN: You can submit this form if you wish to make a partial withdrawal from your EPF account. A partial withdrawal can be made for marriage, medical emergencies or if you plan to buy a house.

• Conditions to Use the New EPF Forms?
  1. Your Universal Account Number (UAN) must be linked with your Aadhar number.
  2. Your KYC details and bank account number should be verified by your employer using a digital signature.

• Can one withdraw money on getting new job?

If you just got a new job and want to withdraw your Employee Provident Fund, you cannot make a withdrawal. In that case, apply for a transfer of your EPF.

• Want to withdraw your entire EPF amount?

If you want to withdraw your entire EPF amount, you need to complete Form 19 UAN & Form 10-C UAN and send them both to the EPF office.

• A Guide to Withdrawing Money from your Employee Provident Fund Account

1. Ensure your UAN is Active & KYC Information is verified. You must first make sure your UAN is active and all your KYC information is verified by your employer. Login to verify that you are eligible to use the new forms. Review your KYC details under Profile > Update KYC Information. If you have more than one UAN assigned to you, use the one given to you by your present employer. 
2. Fill the EPF Withdrawal Form. On verification of your UAN status and KYC information, complete the EPF Withdrawal forms.

          You will need to provide the following information:

          Your mobile number
          UAN number
          Date of leaving
          Reason for leaving service
          PAN number & complete postal address
          Remember to attach a cancelled cheque of the bank account mentioned in your                 KYC information.

3. Send the form to the EPF Jurisdiction Office. Now all you need to do is submit the completed form by courier to the EPF office that falls under your jurisdiction.