Section: Personal Finance
Tags: EPFO, Covid-19
As the government has allowed its members to avail second non-refundable Covid-19 in advance, the Employee Provident Fund Organisation (EPFO) has come out with a detailed measure on how to file for PF (provident fund) withdrawal.
In this regard, the EPFO through his official Twitter handle has tweeted a video of over a minute explaining ‘How to withdraw your PF (Provident Fund) amount,’ with a title of how to file form 19/10C for PF withdrawal. Below are the steps for the same:
Step 1: Visit Unified Member Portal. Log in with UAN and password.
Step 2: Click ‘Online Services’. From the drop-down menu, select Claim (Form-31, 19, and 10C)
Step 3: Enter ‘Linked Bank Account Number’. Click Verify.
Step 4: Fill Reason for Leaving Service.
Step 5: Choose ‘Only PF Withdrawal (Form 19) from Drop Down Menu. Select ‘I want to apply for’.
Step 6: Fill ‘Complete Address’ and upload a scanned copy of ‘Original Cheque/Passbook’.
Step 7: Tick ‘Disclaimer’ and click on ‘Get Aadhaar OTP’.
Step 8: Fill OTP received on ‘Registered Mobile Number’ and submit an application.
The video message mentions, follow similar steps to submit Form IOC after submission of Form 19.
The organisation through a video message of a Twitter post pointed out amount will be deposited in the bank account linked with UAN. Form 19/10C can be filled only after leaving a job or on retirement.
According to the Ministry of Labour and Employment’s statement, “To support its subscribers during the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail themselves second non-refundable COVID-19 advance. The provision for special withdrawal to meet the financial need during the pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana (PMGKY).”
Under this provision, non-refundable withdrawal to the extent of the basic wages and dearness allowances for three months or up to 75 per cent of the amount standing to member’s credit in the EPF account, whichever is less, is provided, the ministry added in a statement on Monday.