EPF Claim: For salaried employees in India, PF is not only a support after retirement, but also a support in times of emergency. If you suddenly need money, you can also use PF money.
But many times it happens that there is a lot of difficulty in withdrawing PF money at the time of need. Today, through this news, we are going to tell you how you can withdraw PF money on time without any hassle.
Keep your KYC updated
According to EPFO, withdrawing PF money is very easy. Just fill the correct form and keep your KYC updated and you will get the money within 7 to 15 days. But sometimes this process is not so easy and you have to wait for months to withdraw the money. Just because of one small mistake of yours.
Why is there a delay?
According to Para 69 of EPF Scheme 1952, funds should be received on time if all documents are correct. But in reality many people have to wait for months. The reason behind this is that even a minor mistake in Aadhaar, PAN, bank account or employer’s records can stop the entire process. According to media reports, if there is a mistake in Aadhaar, bank details or exit date, then the claim process does not proceed. The biggest problem is that the employer has just updated the exit date on the EPFO portal.
There are three main forms for withdrawing PF.
- Form 19 is used to withdraw PF money.
- Form 10C can be used if the service is less than 10 years and pension has to be withdrawn.
- Form 10D can be used if you have served for more than 10 years and want monthly pension.
Form 10C
Many people often do not know whether they should withdraw lump sum or start pension. Many times people above 60 years of age fill Form 10C, whereas they should fill 10D.
What to do if PF claim gets stuck
If your PF claim gets stuck, you will first have to complain on the EPFO Grievance Portal. Or you can contact the Regional PF Commissioner,
Keep these things in mind before claiming PF
Before claiming PF, check the status of KYC, e-Nomination on the EPFO portal. Confirm with the employer that the exit date has been updated. Verify the details of Aadhaar, PAN card, bank account. If you do not understand the form, select Composite Claim Form.
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