Dear Friends,
I have been working in the Oil and Gas industry for the past 7 years. I would like to inquire about the various withdrawal limits as per government guidelines in different situations in India. What are the latest withdrawal limits for an individual from their EPF corpus under various circumstances in India?
From India, Jalalpur
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I have been working in the Oil and Gas industry for the past 7 years. I would like to inquire about the various withdrawal limits as per government guidelines in different situations in India. What are the latest withdrawal limits for an individual from their EPF corpus under various circumstances in India?
From India, Jalalpur
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Raja - withdrawal limits have been revised recently in the wake of the Coronavirus pandemic.
If you have been unemployed for a continuous period of 2 months from your last working date, you can withdraw 100% of the accumulated amount from your current PF account. The UAN Passbook Portal will give you insight into how much you have as a balance.
For partial withdrawal - there are various clauses related to illness, COVID-19 outbreak, job loss, non-continuity of business operations, etc. - to provide you a part of your money (up to 75% of the total accumulation).
Important:
1. It is very important to transfer all of your PF amounts from your previous jobs to the present PF account - by doing this, you will have all of the money in one place and account. Transfers are usually attested by the previous/present employer (depending on your choice completely) and may take from 1 week to 2 months to settle.
2. Activate your UAN and always keep the UAN portal updated with the latest KYC, Bank Account Number, Phone Number, etc. Doing this can delay or jeopardize your withdrawal procedure.
3. Log any complaint and grievance to the EPFiGMS Portal - believe me - this is one of the finest and expeditious HR services we have seen from the GOI - truly commendable. Someone from Senior Ranks in EPFO will attend to your queries if you are not satisfied with any provided resolution.
From India, Delhi
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47If you have been unemployed for a continuous period of 2 months from your last working date, you can withdraw 100% of the accumulated amount from your current PF account. The UAN Passbook Portal will give you insight into how much you have as a balance.
For partial withdrawal - there are various clauses related to illness, COVID-19 outbreak, job loss, non-continuity of business operations, etc. - to provide you a part of your money (up to 75% of the total accumulation).
Important:
1. It is very important to transfer all of your PF amounts from your previous jobs to the present PF account - by doing this, you will have all of the money in one place and account. Transfers are usually attested by the previous/present employer (depending on your choice completely) and may take from 1 week to 2 months to settle.
2. Activate your UAN and always keep the UAN portal updated with the latest KYC, Bank Account Number, Phone Number, etc. Doing this can delay or jeopardize your withdrawal procedure.
3. Log any complaint and grievance to the EPFiGMS Portal - believe me - this is one of the finest and expeditious HR services we have seen from the GOI - truly commendable. Someone from Senior Ranks in EPFO will attend to your queries if you are not satisfied with any provided resolution.
From India, Delhi
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PF ONLINE WITHDRAWAL PROCESS-(19 & 10C)-2.PDF