How to Check transfer and withdraw your Provident Fund balance
As payroll and HR experts, majority of the questions we’re asked by our clients revolve around Provident Fund (PF) formalities. The compliance norms and best practices pertaining to PF have always been a concern for HR managers. However, what really matters to employees is how you can check your EPF balance and more importantly, how you can withdraw it.
How to withdraw your Provident Fund Amount?
Coming to crucial question of how do you actually withdraw your PF contribution. You can do this through your employer or without any intervention from your employer. There are a couple of forms that you will be required to fill along this process. To make things easier, we’ve put all the forms you need in one easy to download file. You can access this file by clicking on the link below:
1) Submitting your withdrawal claim through your employer
To submit your PF withdrawal claim through your employer you need submit the following forms:
There are two types of forms. The (UAN) forms are meant to be filled when the employee wants to withdraw funds without the intervention of the employer. If you wish to withdraw your provident fund balance with your employers help, you don’t need to fill up the (UAN forms.
You need the signature of an authorized signatory and the company stamp at the bottom of each page of the forms. Also make sure all the details you’ve filled up are accurate and they match the details that you’ve provided to your employer. Here are the documents you need to submit along with these forms (All documents are compulsory).
2) Submitting your PF claim without your employer
In order to use this method of claiming your PF balance, employees need to have their Form 11 completed and submitted. This form has been made compulsory since Jan 2016. Hence, it isn’t a problem for those who have been contributing since then. However, for older PF members, who haven’t contributed in 2016, this form may not be filled. In such cases, employees can only withdraw their PF amount via the employer.
Here are the lists of forms employees need to fill out to submit their withdrawal claim without the employer. You need to attach a cancelled cheque of the relevant bank account along with these forms. You also need to ensure that it is signed and stamped by a bank manager before you submit it.
Before filling out these forms ensure that the following requisites are completed:
How to transfer your Provident Fund balance
Employees who have moved to a new workplace should transfer their PF balance to their new account. Here’s a quick guide on how you can do that online: