EPFO: To ensure employees have a secure future, money gets deposited into the PF (Provident Fund) each month. But when there’s an urgent need for that cash, waiting to withdraw it can be a real hassle. Thankfully, this is no longer an issue, as the PF withdrawal process has been streamlined and sped up. When you submit a PF claim online, you can usually expect the funds to hit your bank account within 10 days. However, if you’ve submitted an EPF claim and it’s stuck on ‘under process’ or you’re having trouble accessing your money, let’s go over how to resolve that.
These days, most PF-related tasks can be done online. Employees can easily file claims using just their UAN number via the UMANG app or the EPFO website. The steps are straightforward: choose the right form, fill in the necessary details, and submit your claim. After that, you’ll get an Acknowledgement Number, which you can use to keep tabs on your claim’s status.
For those who prefer not to use the mobile app or online services, there are offline options too. You can head to your nearest PF office and ask the staff for assistance in filling out the form and submitting the required documents. So, whether you like to go online or prefer to do things in person, you have both options available.
Correct use of the different forms is also essential for PF withdrawals. Form 31 is for partial withdrawals, such as for medical needs, marriage, education, or home construction expenses. Form 10C is used for PF withdrawals after leaving a job or for pension-related matters.
Cases of PF-related cyber fraud have risen rapidly, making vigilance crucial. PF department officials repeatedly warn against sharing your OTP or personal information with strangers. Always file claims through the UMANG app or the EPFO’s official website. If your UAN details are correct and you use the official digital platform, your PF amount is credited to your bank account within 10 days. This amount can be extremely useful in case of a medical emergency, buying a home, purchasing a vehicle, or any other financial need.
