How to withdraw PF and EPF after leaving the job?

How to withdraw PF and EPF after leaving the job?
5 min read
13 December 2022

EPF, short for Employee Provident Fund is a form of retirement corpus that allows any employee to make withdrawals if they are unemployed for more than 2 months. As of now, if you make a PF withdrawal after only 1 month of unemployment, the EPFO allows up to 75%. Provident Fund is legally mandatory with the main objective of allowing salaried people to gather corpus and help get financial assistance after retiring. Simply put, it is a savings cum retirement scheme.

As per the rules, every employee should contribute at least 12 % of their salary every month. The employer also matches the amount and contributes. The total amount submitted then earns an interest on a yearly basis.

Forms to fill

While this might sound like a simple process, the various forms involved in withdrawal can often confuse the employee. If you too are facing similar complications, this article is a perfect read for you. Here you will find all details about the concerned forms.

EPF Form 19

Form 19 is a two-page form that you have to use for the final settlement of EPF funds. It has two sections, the first page showing the details of the member, including their:

  • Name
  • Date of birth
  • Spouse’s name
  • Address of office
  • PF account number
  • UAN
  • Postal address
  • PAN number
  • Reason for retirement
  • Mode of payment
  • Signature of both the employer and employee

On the second page, you will find the advance stamped receipt.  If you are expecting the payment to be done via cheque, this section is important. If you are not, you will not need to fill this page. You can fill this form both online or offline to withdraw your EPF amount.

To do so online, you will have to visit the EPFO website, fill in your UAN number, password and captcha. One logged in you have to click on ‘Online Services Tab’ and choosing ‘Claim’ and select the form number you need to fill. Then enter the bank account linked with the PF account and click verify.

On verification, the ‘Certificate of undertaking’ will show up and you have to agree to go to the next step. On the next drop down menu, you will have to select what you want to apply for, in this case, the PF withdrawal form number 19. After that, you have to enter your complete address, tick off the disclaimer and click on ‘Get Aadhaar OTP.’ This OTP will be sent to your registered mobile, along with a reference number for successful submission of the application after verification.

EPF Form 10D

Unlike EPF Form 19, EPF Form 10D always has to be filled offline. For this form, there is a section where you have to mention who is claiming the pension. This includes options like member, Major/orphan, widow/widower, nominee, guardian, and dependant parent. This will further determine what kind of pension you are claiming.

There are a few types of pensions you can claim.

  • Reduced pension: in this you will get your monthly pension at a 4% discounted rate every year. You can then claim this amount when you are 50 years old.
  • Superannuation pension: This is a monthly pension that you can claim after you have retired at 58 years of age.
  • Disablement Pension: You can claim this kind of pension as early monthly pension amount only in cases of total or permanent disablement.
  • Orphan Pension: You can claim this pension for any surviving children of the deceased up till 25 years.
  • Widow pension: This pension is claimable by the wife and children after the death of the employee or member.
  • Nominee pension: Any mentioned nominee can claim the monthly pension after the employee’s passing away and if there are no family members.
  • Dependent Parent: A dependant parent can claim the monthly pension if the employee passes away and there is no family or nominee.

After you have picked the right option, you have to provide your details, EPF account details about the establishment and other generic sections.

What is the processing time of the application?

The application process is very simple and easy, which makes the overall completion of the process quite quick. Usually you can complete settling the pension to the beneficiary in about 30 days. Similarly the claim form 10D status will also be settled in the same time.

Now that you know about the two most important forms you have to deal with when it comes to provident fund, you can better understand how you can fill them. However, if you have any confusing, you can always check the internet for more details.

There are a number of different sources of information, so ensure you are on a reputable and well-known source. Rest assured, with provident fund, your financial situation is now safeguarded.

In case you have found a mistake in the text, please send a message to the author by selecting the mistake and pressing Ctrl-Enter.
Ahegao Hoodie 3.1K
Ahegao Hoodie is a renowned guest posting expert who has been in the field for over 7 years. She has helped numerous businesses build their online presence with...

Hire an SEO Expert in Lahore | Whatsapp +923214216302

Comments (0)

    No comments yet

You must be logged in to comment.

Sign In / Sign Up