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How To Withdraw my EPF Post-Resignation

Posted by toshimehta on

EPF withdrawal post-resignation has always been the matter of discussion for many professionals. However it is not that tough anymore. All you need is your information and UAN details handy and it will be a few minutes process. Though website has to be up (EPFO official website is mostly down)

So here is the step by step process of EPF withdrawal:

Step -1: Go to the EPFO official website

Step -2: Go to “Services” tab on the top index bar, and select “For Employees”

Step -3: Open “Member UAN/Online Service (OCS/OTCP)” option under the “Services”

Step- 4: This will redirect you to a new webpage. Log in to the portal using your UAN, password, and the Captcha code:

Step-5: Click on the “KYC” option under the “Manage” tab:

Step-6: You will be redirected to a new webpage. Scroll down to the bottom of the page to find the “Digitally Approved KYC” section and check your KYC details. Ensure the details are correct.

Step-7: Click on the “Online Service” tab from the top menu to proceed with the withdrawal if all the KYC details are correct.

Step-8: Click on the “CLAIM (FORM-31, 19 & 10C)” option from the drop down menu.

Step-9: You will be redirected to a new webpage with an automatically generated “ONLINE CLAIM (FORM 31, 19 & 10C)” form.

Step-10: You will be required to enter the Last 4 digits of your registered bank account number and verify the same.

Step -11: After the verification of the bank account, a “Certificate of Undertaking” will be generated. Click “Yes” on the certificate pop-up to proceed.

Step-12: Click on the “Proceed for Online Claim” option when prompted.

Step-13: For online fund withdrawal, select the “PF ADVANCE (FORM – 31)” option from the drop-down menu provided next to the “I want to apply for” option.

Step-14: A reason for claim has to be selected from the drop-down options provided next to the “Purpose for which advance is required” option. The fields provided for the address of the employee and the amount for advance is also required to be filled up.

Step-15: Click on the checkbox at the end of the page and submit your withdrawal application.

Step-16: You might be required to upload certain scanned documents (depends on the nature of withdrawal).

Step-17: Once the employer approves the withdrawal request, the withdrawal amount will be withdrawn from the EPF account and will be deposited to the respective bank account. Once the claim has been settled, you will receive an SMS notification on your registered mobile number.

Taxation Rules on EPF

Contribution to EPF Accounts from Employee and Employer

Contributions from employees as well as employers add to the EPF. However, unlike what is commonly thought to be, the entire portion of contribution from an employer doesn’t go exclusively towards the EPF. The division of funds is mentioned as follows –

  1. 12% of Salary of Employee goes directly towards EPF
  2. 12% of Salary of Employer is divided as follows –
    • 3.67% of contribution towards EPF
    • 1.1% of contribution towards EPF Administration Charges
    • 0.5% of contribution towards Employees’ Deposit Linked Insurance (EDLI)
    • 0.01% of contribution towards EDLI Administration Charges
    • 8.33% of contribution towards Employees’ Pension Scheme

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