Part: Private Finance
Tags: EPFO, Covid-19
As the federal government has allowed its members to avail second non-refundable Covid-19 upfront, the Worker Provident Fund Organisation (EPFO) has come out with an in depth measure on find out how to file for PF (provident fund) withdrawal.
On this regard, the EPFO by means of his official Twitter deal with has tweeted a video of over a minute explaining ‘Easy methods to withdraw your PF (Provident Fund) quantity,’ with a title of find out how to file type 19/10C for PF withdrawal. Beneath are the steps for a similar:
Step 1: Go to Unified Member Portal. Log in with UAN and password.
Step 2: Click on ‘On-line Companies’. From the drop-down menu, choose Declare (Type-31, 19, and 10C)
Step 3: Enter ‘Linked Financial institution Account Quantity’. Click on Confirm.
Step 4: Fill Cause for Leaving Service.
Step 5: Select ‘Solely PF Withdrawal (Type 19) from Drop Down Menu. Choose ‘I wish to apply for’.
Step 6: Fill ‘Full Handle’ and upload a scanned copy of ‘Unique Cheque/Passbook’.
Step 7: Tick ‘Disclaimer’ and click on on ‘Get Aadhaar OTP’.
Step 8: Fill OTP acquired on ‘Registered Mobile Quantity’ and submit an application.
The video message mentions, observe related steps to submit Type IOC after submission of Type 19.
The organisation by means of a video message of a Twitter put up identified quantity will likely be deposited within the checking account linked with UAN. Type 19/10C could be stuffed solely after leaving a job or on retirement.
In response to the Ministry of Labour and Employment’s assertion, “To assist its subscribers throughout the second wave of COVID-19 pandemic, EPFO has now allowed its members to avail themselves second non-refundable COVID-19 advance. The supply for particular withdrawal to satisfy the monetary want throughout the pandemic was launched in March 2020, below Pradhan Mantri Garib Kalyan Yojana (PMGKY).”
Underneath this provision, non-refundable withdrawal to the extent of the fundamental wages and dearness allowances for 3 months or as much as 75 per cent of the quantity standing to member’s credit score within the EPF account, whichever is much less, is supplied, the ministry added in an announcement on Monday.