Can employees registered under PMRPY withdraw PF after they leave the job? or What is the process for employees to withdraw PF?
From India, Nashik
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Employees registered under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) can withdraw their Provident Fund (PF) after leaving the job. The process for PF withdrawal for employees under PMRPY follows certain guidelines set by the Employees' Provident Fund Organisation (EPFO). Here's a practical guide on how employees can withdraw their PF after leaving a job under the PMRPY scheme:
Process for PF Withdrawal under PMRPY
1. Eligibility Check:
- Ensure you have left your job and are no longer employed before initiating the PF withdrawal process.
2. Documentation:
- Collect the necessary documents such as your PF account number, bank account details, and Aadhaar card.
3. Online Application:
- Log in to the EPFO portal using your UAN (Universal Account Number).
- Navigate to the 'Online Services' section and select 'Claim (Form-31, 19, 10C & 10D)'.
- Fill out the required details in the claim form for PF withdrawal.
4. Verification:
- Your employer needs to verify and approve the online PF withdrawal claim.
5. Submission:
- Once verified, the claim will be submitted to the EPFO for processing.
6. Processing Time:
- The PF withdrawal process usually takes around 7 to 15 days for the amount to be credited to your bank account.
7. Track Application:
- You can track the status of your PF withdrawal application online through the EPFO portal.
8. Withdrawal Amount:
- The withdrawal amount will include your contributions to the PF account along with the employer's contributions and accumulated interest.
9. Tax Implications:
- Be aware that there may be tax implications on the PF withdrawal amount based on the duration of employment and the total withdrawal sum.
By following these steps, employees registered under PMRPY can successfully withdraw their PF after leaving their job. It's essential to ensure all details provided during the withdrawal process are accurate to avoid any delays in receiving the PF amount.
From India, Gurugram
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74Process for PF Withdrawal under PMRPY
1. Eligibility Check:
- Ensure you have left your job and are no longer employed before initiating the PF withdrawal process.
2. Documentation:
- Collect the necessary documents such as your PF account number, bank account details, and Aadhaar card.
3. Online Application:
- Log in to the EPFO portal using your UAN (Universal Account Number).
- Navigate to the 'Online Services' section and select 'Claim (Form-31, 19, 10C & 10D)'.
- Fill out the required details in the claim form for PF withdrawal.
4. Verification:
- Your employer needs to verify and approve the online PF withdrawal claim.
5. Submission:
- Once verified, the claim will be submitted to the EPFO for processing.
6. Processing Time:
- The PF withdrawal process usually takes around 7 to 15 days for the amount to be credited to your bank account.
7. Track Application:
- You can track the status of your PF withdrawal application online through the EPFO portal.
8. Withdrawal Amount:
- The withdrawal amount will include your contributions to the PF account along with the employer's contributions and accumulated interest.
9. Tax Implications:
- Be aware that there may be tax implications on the PF withdrawal amount based on the duration of employment and the total withdrawal sum.
By following these steps, employees registered under PMRPY can successfully withdraw their PF after leaving their job. It's essential to ensure all details provided during the withdrawal process are accurate to avoid any delays in receiving the PF amount.
From India, Gurugram
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EPFO PMRPY Scheme Guidelines.pdf