Provident Fund Act – How Can You Take Advance From Your Pf In The Midst Of Corona Crisis? Learn The Whole Process – In view of the second wave of Corona, the Employees’ Provident Fund Organization (EPFO) has once more given relief to its crores of account holders.
in sight of the Covid-19 epidemic, EPFO has provided the power for the second time to the people to withdraw advance amount from the Provident Fund (PF) account for the second time. If you would like then you’ll easily withdraw advance amount from your account. allow us to know what’s its process.
Provident Fund Act – How Can You Take Advance From Your Pf In The Midst Of Corona Crisis? Learn The Whole Process
It is worth noting that earlier in March last year, EPFO had provided the power
of withdrawing advance from their PF to crores of employees troubled by the Corona crisis
easily withdraw online
Like last time, this point also employees are going to be ready to withdraw advance amount online easily and that they won’t got to return this advance. the quantity he withdraws, that quantity are going to be deducted from his PF balance.
what is the plan
Under the scheme, all employees having an account with EPFO are going to be ready to withdraw three months’ salary (Basic plus DA) or up to 75 percent of the balance within the account (whichever is less) beforehand from their PF fund. If someone wants, he also can withdraw but this limit.
For instance, if the PF equilibrium of a representative is Rs 1,00,000 and his compensation (Basic in addition to DA) is Rs 20,000 every month, at that point he can pull out PF advance up to Rs 60,000. to use for PF Advance, the worker has got to visit the EPF website or Unified Portal.
How to Apply for PF Advance
First of all log in to the member interface of Unified Portal (https://unifiedportalmem.epfindia.gov.in/memberinterface).
If this website isn’t opening directly, then you’ll also reach here by visiting EPFO website https://www.epfindia.gov.in/) by clicking on the link associated with it. Click on the blue colored link Online Claims Member Account Transfer link within the top right side.
Then attend Online Services and click on on Claim (Form-31,19,10C, 10D).
Enter the last 4 numbers of your checking account and verify.
Then click on “Proceed for Online Claim”.
Select PF Advance (Form 31).
Then select Outbreak of Pandemic (Covid-19).
Enter the quantity you would like and upload the scanned copy of your check of the checking account on which you would like to draw money and which is linked to the PF account. Enter your address.
Then click on “Get Aadhaar OTP”.
Enter the OTP received by your mobile which linked with Aadhaar.
Then the claim are going to be submitted.
From mobile, you’ll follow these steps by visiting Unified Portal otherwise you also can file claim through UMANG App.
The PF balance includes the share of both the worker and therefore the employer during which the interest earned on the contribution is additionally added. to require advantage of PF advance, the worker doesn’t got to show any document or certificate to the EPFO.