EPFO: Big news for EPFO members. PF withdrawal funds will be credited within 24 hours! Before you make a claim, ensure you complete these 5 tasks. If you’ve taken care of some essential tasks prior to claiming your PF, your request can be processed within 24 hours using the auto-claim system. The EPFO has made it easier to withdraw money from your PF account.
If you’re thinking about withdrawing funds from your PF account, the EPFO has streamlined the process. If you’ve completed specific necessary steps before submitting a claim, your claim can be settled within 24 hours through the auto-claim system. This means that countless employees will no longer have to endure long waits for their PF funds.
However, the EPFO’s 24-hour auto-claim system is accessible only to members who have updated their account KYC. Additionally, your Aadhaar, PAN, and bank account must be linked to your EPF account, and there should be no errors in the claim submission.
How to claim PF online?
To claim PF funds online, your UAN number must be active first. Then, log in to the member portal using your UAN. After that, navigate to “Online Services” and select the claim form. You will need to choose from Form 31, 19, and 10C. Next, select the reason for your claim, which may include PF withdrawal, advance claims, withdrawal upon leaving your job, and pension claims. Before submitting a claim, ensure your bank account is verified, and then proceed to submit your claim.
What are the 5 essential tasks to complete before making a claim?
Your UAN must be active. UAN should be linked to Aadhaar. KYC for your bank account, PAN, and Aadhaar is crucial. UAN should be connected to your mobile number. There should be no errors when filling out the claim form.
After submitting a claim, you can check the status online via the EPFO portal. You can also track the claim status through the Umang app and via SMS.