The federal government of India is permitting employees dealing with monetary issue resulting from lockdown to withdraw funds from their PF accounts on-line. Right here’s all you’ll want to find out about this facility.
Eligible Quantity for PF Advance
Workers can apply for as much as 75% of the full PF stability or Three months of PF wages or the claimed quantity by the member whichever is much less.
For instance: If in case you have Rs 50,000 in your EPF account and the month-to-month wage allowance is Rs 15,000. Then 75% of the stability comes as Rs 37,500, whereas the three month wage is Rs 45,000. So, you’re eligible to stand up to Rs 37,500 as that is much less in comparison with the three months of month-to-month wage.
1. UAN ought to be activated.
2. Verified Aadhaar ought to be linked with UAN
3. Financial institution Account with IFSC code ought to be seeded with UAN
Find out how to file on-line advance declare for the aim “Outbreak of pandemic”
Login to http://unifiedportal-mem.epfindia.gov.in
Login utilizing UAN quantity and password
Head to on-line providers and click on on Declare (Type-31,19,10C & 10D) tab
Enter Checking account quantity and Confirm
Click on on ‘Proceed for On-line Declare’ choice
Choose PF Advance (Type 31) from the drop-down menu
Select goal as ‘Outbreak of Pandemic (COVID-19)
Enter the quantity you need to withdraw and add the mandatory paperwork equivalent to scanned copy of cheque and tackle particulars
Click on on Get Aadhaar OTP
Enter the OTP acquired on Aadhaar linked cell
As soon as achieved, the declare is efficiently submitted