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PF ( Provident Fund ) or EPF is also called the Employee Provident Fund Scheme. It is one where the employees contribute a small portion of their remuneration i.e. 12% of their basic pay every month. A matching amount is contributed by the employer. Such a contribution, together, form a corpus. This is to be used to fund the employee’s retirement. EPF withdrawal by employees can, however, be done earlier itself i.e. during the course of their employment. Such circumstances have been elaborated later in the article.
Here, it would be relevant to mention that EPF organization has made the allotment of i.e. the Universal Account Number compulsory for all the employees covered under the PF Act. UAN would be linked to the employee’s EPF account. The UAN remains portable throughout the lifetime of an employee and there is no need to apply for EPF transfer at the time of changing jobs.
Prerequisite: To apply for withdrawal of EPF online through EPF Portal, make sure that the following conditions are met:UAN (Universal Account Number) is activated and the mobile number in working
PAN Card Also Important
Steps to apply for EPF withdrawal online: Step 1: Go to the UAN Activation by clicking here
From Mobile App click here Step 2: Then, click on the tab ‘Manage’ and select KYC to check whether your KYC details such as Aadhaar,Step 3: Login with your UAN and password and enter the captcha.
Before The Activation Of UAN Your Mobile No. is Linked with UAN and Adhaar No
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