The Employee Provident Fund (EPF) is a government-managed retirement benefit scheme that allows salaried employees to build a retirement corpus through monthly contributions. Both the employee and the employer contribute to the EPF account every month. A portion of the employee’s basic salary and dearness allowance (DA) is deposited into the PF account, with the employer matching this contribution.
Over time, these contributions accumulate and can be withdrawn upon retirement or resignation. In the event of the employee’s death, their family can access the PF amount. Additionally, employees can make partial withdrawals from the EPF in certain emergencies.
Documents Needed For EPF Withdrawal
To easily withdraw your EPF money after retirement, you can follow the online process. Before starting, make sure you have the following documents ready:
- Universal Account Number (UAN)
- Bank account details
- Identity proof and address proof
- A cancelled cheque
Steps To Withdraw EPF Online
- Log in to the official UAN website: https://unifiedportal-mem.epfindia.gov.in/memberinterface/.
- Click on the “Manage” tab and select the “KYC” option.
- After completing KYC verification, click on the “Online Services” tab, then select “Claim (Form-31, 19, 10C, and 10D)”.
- Your member details will appear. Add your bank account details and verify the information.
- Agree to the certificate of undertaking by clicking ‘Yes’.
- Proceed with the online claim process.
- Choose the type of claim based on your eligibility: full EPF settlement, partial EPF withdrawal (loan or advance), or pension withdrawal.
- Click on the certificate button, upload the necessary documents, and submit the application.
When Can You Fully Withdraw EPF?Â
You can fully withdraw your EPF amount if you have retired or if you have been unemployed for more than two months. If you have been jobless for over a month, you can only withdraw 75 per cent of the EPF balance. After two months of unemployment or more, you can withdraw the remaining 25 per cent.
