How Can You Update And Check KYC Status of Your PF Account?

EPFO

A significant step in ensuring a smooth use of one’s provident fund account is the ratification of KYC niceties. Once the KYC details are authenticated and linked with the PF account, it becomes simpler to transfer the account or view the passbook, etc respectively. Such transfer and withdrawal take place through the EPFO Unified Portal only if the employee has an active UAN, and he or she has updated KYC specifics.  Presently, without the employer’s certification, the employee can submit three types of claims: Form-19, 10C and 31. Employees need UAN (Universal Account Number) to modify or alter the KYC (Know Your Customer) details on the UAN EPFO portal. You can log in to the EPFO UAN portal and modify KYC by uploading the appropriate documents online. EPFO has also introduced…

Read More

EPFO: You can withdraw money from PF without UAN number, know how to apply

EPFO

If you also want to withdraw advance, full or little money from provident fund (PF) but you do not have a UAN number, you can still withdraw your PF. For this, you have to fill a form which has to be submitted to the EPFO ​​office. However, extracting PF in this manner may result in circling the office of the EPFO. Paperwork will go to EPFO ​​and you have to fill the form to get PF. You will also get this form from the EPFO ​​website or your office. With…

Read More

UAN activation is a must for online withdrawal of PF

UAN activation for PF

Provident Fund (PF) can be withdrawn after retirement or after two months of unemployment. For online withdrawal of PF, it is necessary to have UAN activated, linked with Aadhar and a bank account. The retirement fund body has recently enabled employees to generate UAN without the involvement of their employers.  Employees’ Provident Fund Organization (EPFO) also allows partial withdrawal of PF during the service period and even permits non-refundable advance under specific conditions. An employee can partially withdraw PF citing specific conditions such as illness, marriage, buying house, education, etc.…

Read More

GPF interest rate for Jan-March 2020 declared

General Provident Fund

The government of India revises the applicable interest rate on small savings schemes, GPF and other similar schemes at the beginning of each quarter of the financial year. The interest rate for GPF for the last quarter of the financial year 2019-2020 has been declared by the Department of Economic Affairs, a wing of the Ministry of Finance. The Department vide a notification has announced that the applicable rate of interest on GPF and other similar schemes for the last quarter ending March 2020 will be 7.9 percent compounded annually.…

Read More

EPFO: Update your exit date online!

EPFO Update

One must keep the EPF account updated as it is helpful in several ways, especially while applying for EPF withdrawal. Also, keeping the EPF status updated helps in showing and tracking continuity of service. Exit date is the date when you had quit your last employer, which is important information that EPFO seeks. Erstwhile, employees were dependent upon previous employers for updating their exit date, who may not cooperate. To take care of this problem, EPFO has facilitated employees with the freedom to update their exit date online. How can…

Read More