{"id":32010,"date":"2021-06-19T14:26:54","date_gmt":"2021-06-19T08:56:54","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=32010"},"modified":"2021-06-19T14:33:43","modified_gmt":"2021-06-19T09:03:43","slug":"how-to-get-epf-withdrawal-online","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/how-to-get-epf-withdrawal-online\/","title":{"rendered":"How to get EPF withdrawal online?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">EPF can be completely or partially withdrawn. The\nfacility of the complete withdrawal is accessible to those individuals who\neither retire or remains jobless for more than 2 months. Meanwhile, partial\nwithdrawal can be availed by those who need to cater to certain obligations\nsuch as home loan repayment, medical bill payment, marriage, etc. One can go\nfor a withdrawal claim by making an online application on a concerned portal.\nBut, EPF withdrawal online facility is only accessible if the applicant\u2019s\nAddhaar is linked with their UAN. This write-up is all about EPF withdrawal\nonline procedure.<\/p>\n\n\n\n<p><strong>Before we briefed out EPF withdrawal online procedure, please do have a look at the latest notification released on 1st June 2021, in wake of the COVID-19 emergency.\u00a0<\/strong><\/p>\n\n\n\n<p>The labor ministry has now allowed <a href=\"https:\/\/corpbiz.io\/epf-registration\"><strong>EPF register <\/strong><\/a>members to avail dual withdrawal from their respective EPF account to cater to emergency expenses triggered by the Covid-19 outbreak. The maximum threshold of withdrawal allowed is capped at 75% of the total amount that exists in the EPF account or 3 months of the dearness allowance and basic wages, whichever is lower. Moreover, EPFO has also ensured the prompt settlement of such claims, which precisely maxed out at 3 days. The members with complete<strong> KYC verification<\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Know_your_customer\"><strong>[1]<\/strong><\/a><\/sup> can have access to the auto-claim settlement process.\u00a0<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-epf-withdrawal-online\/#A_Step_by_Step_EPF_Withdrawal_Online_Procedure\" >A Step by\nStep EPF Withdrawal Online Procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-epf-withdrawal-online\/#Documents_to_be_uploaded_for_EPF_withdrawal_online_procedure\" >Documents to\nbe uploaded for EPF withdrawal online procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-epf-withdrawal-online\/#EPF_Withdrawal_Rules_When_can_you_withdraw\" >EPF\nWithdrawal Rules: When can you withdraw?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-epf-withdrawal-online\/#EPF_Withdrawal_Limit\" >EPF Withdrawal Limit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-epf-withdrawal-online\/#Taxation_levied_on_EPF_Withdrawal\" >Taxation levied on EPF Withdrawal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/how-to-get-epf-withdrawal-online\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Step_by_Step_EPF_Withdrawal_Online_Procedure\"><\/span>A Step by\nStep EPF Withdrawal Online Procedure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To proceed with EPF withdrawal online procedure,\nmake sure you have an active UAN in place linked with credentials such as\nAadhaar, PAN, and bank details. Those who have already fulfilled this condition\ncan proceed with EPF withdrawal online procedure as shown below.<\/p>\n\n\n\n<p>Step 1- Login to the UAN member website via your UAN\n&amp; password.<\/p>\n\n\n\n<p>Step 2- From the menu bar, select \u2018Online Services\u2019\nfollowed by Claim (Form-31, 19 &amp; 10C)\u2019 from the drop-down menu.<\/p>\n\n\n\n<p>Step 3- Member details shall prompt on your display.\nFill the vacant field with the last 4 digits of your bank account and then tap\non the Verify option.<\/p>\n\n\n\n<p>Step 4- Tap on the \u2018Yes\u2019 to agree on the certificate\nof the undertaking.<\/p>\n\n\n\n<p>Step 5- Next, tap on the option, viz \u2018Proceed for\nOnline Claim\u2019.<\/p>\n\n\n\n<p>Step 6- Opt for the \u2018PF Advance (Form 31)\u2019 to\ninitiate the withdrawal processing.<\/p>\n\n\n\n<p>Step 7 \u2013 A new page will prompt on your screen, wherein\nyou have to opt for \u201cPurpose for which advance is required\u201d followed by the\namount required and the employee\u2019s address<\/p>\n\n\n\n<p>Please note that all options that are non-accessible\nto the employee will be cited in red color.<\/p>\n\n\n\n<p>Step 8 \u2013 Place a tick mark on the certification\n&amp; submit the application.<\/p>\n\n\n\n<p>Step 9 \u2013 Based on the purpose of withdrawal, you are\nrequired to upload the apt documents as requested by the portal.<\/p>\n\n\n\n<p>Step 10 \u2013 Your employer&#8217;s consent is important to\ninitiate the withdrawal request. As soon as the said condition is met, the fund\nwill be transferred to your registered bank account.<\/p>\n\n\n\n<p>SMS notification will be forwarded to your\nregistered contact number. After processing the claim, the requested amount\nwill be routed to your respective bank account. The requested amount will be\ncredited in 15-20 days.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_to_be_uploaded_for_EPF_withdrawal_online_procedure\"><\/span>Documents to\nbe uploaded for EPF withdrawal online procedure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Following are the documents to be uploaded by the\napplicant for EPF withdrawal online procedure.<\/p>\n\n\n\n<ul><li>Composite Claim Form<\/li><li>Bank account statement (The bank account should belong to the PF holder)<\/li><li>Two revenue stamps<\/li><li>Address proof as well as Identity proof<\/li><li>One blank &amp; canceled cheque reflecting IFSC code and account number<\/li><li>Personal information like father\u2019s name, DOB, etc. as cited on the identity proof.<\/li><li>ITR Forms 2 and 3 in case the employee has availed withdrawal before 5 years of continuous service. Such forms usually entail a complete briefing of the entire amount deposited in the PF account since its      inception.\u00a0\u00a0<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EPF_Withdrawal_Rules_When_can_you_withdraw\"><\/span>EPF\nWithdrawal Rules: When can you withdraw?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The table below manifests the conditions under which EPF withdrawal can be made:<\/p>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong><em>Condition<\/em><\/strong>\n  <\/td><td>\n  <strong><em>Service\n  Tenure<\/em><\/strong>\n  <\/td><td>\n  <strong><em>Withdrawal\n  Amount<\/em><\/strong>\n  <\/td><td>\n  <strong><em>Other\n  Limitations<\/em><\/strong>\n  <\/td><\/tr><tr><td>\n  Construction\/Purchase of house\n  <\/td><td>\n  The employee must have a seamless track\n  record of serving the firm for continuous \n  &nbsp;5\n  years.\n  <\/td><td>\n  The maximum threshold of amount that is\n  allowed for withdrawal is maxed out at 24 times of monthly salary for\n  purchasing or 36 times&nbsp; of&nbsp; monthly salary in case purchase &amp; construction\n  (both)\n  <\/td><td>\n  Withdrawal facility is only accessible to PF\n  account holder and his\/her spouse\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  Medical treatment\n  <\/td><td>\n  No cap \n  <\/td><td>\n  The withdrawal is permissible for the amount\n  equivalent to the employee\u2019s share along with interest or six times the\n  monthly salary, whichever is lower. \n  <\/td><td>\n  Withdrawal facility is only accessible to PF\n  account holder, guardian and his\/her spouse\n  &nbsp;\n  <\/td><\/tr><tr><td>\n  Repayment of home loan\n  &nbsp;\n  <\/td><td>\n  The employee must have a seamless track\n  record of serving the firm for continuous \n  &nbsp;3\n  years.\n  <\/td><td>\n  Withdrawal threshold is capped at 90% of the\n  amount present in PF account. \n  <\/td><td>\n  &nbsp;\n  Withdrawal facility is only accessible to PF\n  account holder and his\/her spouse\n  <\/td><\/tr><tr><td>\n  Renovation of house\n  <\/td><td>\n  The employee must have a seamless track\n  record of serving the firm for continuous \n  &nbsp;5\n  years completion\u2019s date of construction of the house.\n  &nbsp;\n  <\/td><td>\n  The withdrawal amount is capped at 12 times\n  of monthly salary. \n  <\/td><td>\n  Withdrawal facility is only accessible to PF\n  account holder and his\/her spouse\n  <\/td><\/tr><tr><td>\n  Wedding\n  <\/td><td>\n  The employee must have a seamless track\n  record of serving the firm for continuous \n  &nbsp;7\n  years.\n  <\/td><td>\n  Withdrawal amount is equivalent to 50% of\n  the employee\u2019s contribution along with interest. \n  <\/td><td>\n  Withdrawal facility is only accessible to PF\n  account holder and his\/her children. \n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EPF_Withdrawal_Limit\"><\/span>EPF Withdrawal Limit<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EPF withdrawal limit is largely depends on the objective for which the withdrawal is claimed. <\/p>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong><em>Purpose\n  of EPF Withdrawal <\/em><\/strong>\n  <\/td><td>\n  <strong><em>EPF\n  Withdrawal Threshold<\/em><\/strong>\n  <\/td><\/tr><tr><td>\n  Medical Purpose\n  <\/td><td>\n  Lower of the overall PF amount or 6 times of\n  monthly salary\n  <\/td><\/tr><tr><td>\n  Wedding\n  <\/td><td>\n  50% of PF contribution\n  <\/td><\/tr><tr><td>\n  Home Loan Repayment\n  <\/td><td>\n  Up to 90% of the EPF corpus\n  <\/td><\/tr><tr><td>\n  Home Renovation\n  <\/td><td>\n  12 times of the monthly salary\n  <\/td><\/tr><tr><td>\n  Retirement\n  <\/td><td>\n  Entire EPF Balance\n  <\/td><\/tr><tr><td>\n  Unemployment\n  <\/td><td>\n  75% after 1st month &amp; 25% after 2nd\n  month of unemployment\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Taxation_levied_on_EPF_Withdrawal\"><\/span>Taxation levied on EPF Withdrawal<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p> Though the amount of EPF withdrawal largely remains non-taxable; there are certain exceptions to it, as shown in the table below: <\/p>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong><em>Scenarios\n  for EPF Withdrawal<\/em><\/strong>\n  <\/td><td>\n  <strong><em>Taxation\n  norms<\/em><\/strong>\n  <\/td><\/tr><tr><td>\n  Employee withdraws PF amount of more than\n  INR 50,000 before serving 5 continuous years of service\n  <\/td><td>\n  TDS is applicable @ 10% if the employee\n  submits his\/her PAN. \n  &nbsp;In\n  case non-availability of PAN card, TDS @ 30% shall be imposed. \n  Submission of Form 15G\/H would not attract\n  TDS\n  <\/td><\/tr><tr><td>\n  Employee withdraws PF amount post-completion\n  of 5 years of continual service\n  <\/td><td>\n  No TDS levied. Such withdrawals are non-taxable.\n  \n  <\/td><\/tr><tr><td>\n  &nbsp;\n  Employee intends to transfer PF amount to\n  the National Pension Scheme (NPS)\n  <\/td><td>\n  No TDS applicable\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Hopefully, you would not require any further clarification after going through this write-up. The EPF withdrawal online procedure is not a complicated process as you can see from the above. However, if you encounter a technical issue in the process then let our experts help you out.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/documents-required-for-epf-registration-online\/\">Know the Checklist for the Documents Required for EPF Registration<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EPF can be completely or partially withdrawn. The facility of the complete withdrawal is accessible to those individuals who either retire or remains jobless for more than 2 months. Meanwhile, partial withdrawal can be availed by those who need to cater to certain obligations such as home loan repayment, medical bill payment, marriage, etc. One [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":32014,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[212],"tags":[1822],"acf":{"service_id":"0"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":3478,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/32010"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=32010"}],"version-history":[{"count":8,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/32010\/revisions"}],"predecessor-version":[{"id":32020,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/32010\/revisions\/32020"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/32014"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=32010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=32010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=32010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}