Finance Guru Speaks: This is a very important article on how you can apply for Advance Claim (Withdraw) of your Employee Provident Fund (EPF) Balance.
This Advance Claim feature is enabled by EPFO due to COVID-19 Pandemic and it is a very vital step taken by our Govt.
Before I share the detailed Steps, it is very important to know the Eligibility Criteria as well as the maximum PF Amount which you can withdraw.
Below details are shared on EPFO Member Portal:-
Eligibility:-
- UAN should be activated.
- Verified Aadhaar should be linked with UAN
- Bank Account with IFSC code should be seeded with UAN
Maximum/Eligible Withdrawal Amount:-
- Upto 75% of PF balance (Employee share and Employer Share) or 3 months PF wages or the claimed amount by the member whichever is the least.
If you are fulfilling the above Eligibility & want to withdraw a portion of your Eligible PF Balance, then you can continue your reading for detailed Steps.
Before I share the detailed Steps, it is very important to know the Eligibility Criteria as well as the maximum PF Amount which you can withdraw.
Below details are shared on EPFO Member Portal:-
Eligibility:-
- UAN should be activated.
- Verified Aadhaar should be linked with UAN
- Bank Account with IFSC code should be seeded with UAN
Maximum/Eligible Withdrawal Amount:-
- Upto 75% of PF balance (Employee share and Employer Share) or 3 months PF wages or the claimed amount by the member whichever is the least.
If you are fulfilling the above Eligibility & want to withdraw a portion of your Eligible PF Balance, then you can continue your reading for detailed Steps.
Steps to apply for Advance Claim (Withdraw) of your PF Balance due to Corona pandemic:-
1. Open EPFO Member e-SEWA Portal Website.
2. As shown below, provide your UAN No., Password & Captcha code. Click on Sign in:-
COVID19 - Advance Claim or Withdraw EPF Balance |
NOTE: Incase you forgot your UAN Password, you can refer to below Article:-
3. On the Home Page, go to Online Services -> CLAIM (FORM-31,19,10C & 10D) link, as shown below:-
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Accept the Terms and Click on Get Aadhaar OTP:-
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
COVID19 - Advance Claim or Withdraw EPF Balance |
Congratulations!! You have applied for your PF Advance Claim successfully. 👍
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance |
Images Courtesy: EPFO Website
Remember - Withdraw or claim only when this amount is really required as your EPF Balance is a crucial tool for your financial stability and financial independence.
I hope you have found this article useful and please like, share and comment on this article over your Social Networks to appreciate my sincere efforts. Share with your colleagues too. Thanks.🙏
Also Read:
I had received the claim on 20 th April. Again Advance covid enabled on my PF account. Is it possible to claim multiple time Advance under covid. ?
ReplyDeleteHello Vijendra, thanks for your comments. As per current EPFO rules, you can claim this Advance only once.
DeleteHope it helps.