Day by day, the EPF Withdrawal Rules are becoming very much restricted. The EPF organization has updated the withdrawal rule of EPF Balance which is, an employee can’t withdraw 100% corpus before retirement at any situation. Even if, you have resigned or are going through unemployment situation, then also, can’t withdraw 100% balance from the EPF account.
The purpose of this new rule is helpful for retirement saving of employees on long term basis. Also, there are some important changes have done in EPFO for employees as follows.
- The Retirement age is increased from 55 to 57.
- EPF amount can’t be withdrawn before the 57 age at the job.
- EPF membership is not finished with leaving the job
- 100% EPF corpus amount withdrawal is not allowed before the retirement
Increase of Retirement Age limit
Previous Rule: Till today, the minimum retirement age limit for EPF withdrawal was 55 years. You were able to withdraw the 100% EPF corpus amount after the retirement at the age of 55. This withdrawal rule was beneficial for those employees who prefers early retirement.
New Rule: But, now you would not be able get the entire EPF balance corpus amount before the retirement at the age of 58 years.
Increasing the Age Limit For 90% EPF Amount Withdrawal
Previous Rule: Till today, 90% EPF corpus amount can be withdrawn at the age of 54. Through this rule, an employee can get the opportunity to plan the early retirement before the actual age of retirement.
New Rule: But as per new updated rules, your age must be at least 57 to withdraw 90% EPF corpus amount. You won’t be eligible for this withdrawal facility before 57 and the main purpose of this withdrawal rule of EPFO is to keep the EPF amount for the old age days.
Case Studies
After 15 years in the job, one employee left the company in November 2014 and got entire EPF corpus amount in January 2015. But, If the employee would have left the job after 10 Feb 2016, he couldn’t get 100% EPF corpus amount. Some of his corpus amount would have been in the EPF account till 2038 (his age would be 57 years).
PF Withdrawal after Leaving Job
Old Rule: You can withdraw full EPF corpus amount after leaving the job or being unemployed for minimum 2 months.
New Rule: The recent notice clearly states that you would not get the employer part of the EPF contribution and interest before retirement. This amount would be given only after the retirement.
An EPF corpus has following four parts.
- Employee Contributed amount
- Employer Contributed amount
- Interest on employer contributed amount
- Interest on employee contributed amount
Besides this, there is a pension scheme available to keep the pension amount separately. The EPF contribution amount is fixed on the basis of percentage, such as 12% EPF on basic salary plus DA which is completely included in EPF fund and 12% of the basic salary plus DA will be contributed from the employer. But 8.33% amount of the employer’s contribution will be used for employee pension scheme. The pension contributed amount can’t go beyond INR 1250/month. The remaining amount will be included in employee provident fund.
Due to deduction of the pension part, the EPF amount of the employer’s contribution is lesser than the employee’s contribution. This EPF contributed amount by the employer is not granted to withdraw before the retirement period.
EPF Subscription Continues
Previous Rule: Till now the EPF subscription was related to the employment. Once you become a member of EPF through the joining of a new job. Once you will leave the job and withdraw your entire EPF Balance, the subscription will be ended.
New Rule: But, now your subscription will be continued up to the retirement age limit 57. Ultimately, the EPF membership is not dependent on the job.
As per the latest news, the EPFO is trying hard to end the dependence of EPF subscription on the employment after leaving of the job. The Universal Account Number (UAN) has already ended the exclusive right of the employer. Through UAN, you don’t have to submit KYC in every new job. If you will link the Aadhaar Card with UAN, you do not need employer’s attestation for withdrawal of EPF.
Best wishes to you and close ones for the festive season and Diwali!
I am in UK through my India employer and planning to switch to a local employer in UK.
Thereby, it will be infeasible to transfer the PF to new employer in UK.
I will be turning 43 next year and want to know if on resignation, I am allowed to withdraw the full PF and Gratuity?
The PF accumulated is around INR 7.56 lacs and Gratuity is around INR 1.75 lacs, am I permitted to withdraw this full amount at one go next year and is there any tax applicable in that case?
If yes, what is the tax percentage?
Thank you!
I have to withdraw my PF.
I have completed my 5 years of service. I recently Join new company. Should I mark exit first and then transfer the amount to new PF account and claim for With drawl ? Or Claim for partial amount from previous PF account first and transfer the remaining account to current PF account ? Which will be best option ?
The requirement is to with draw max PF amount.
Also under which condition I can get my max PF amount which should be non-taxable. I want to purchase a property. I am seeing an option of PF Advance under Form 31
Note – I do not want taxable with draw.
hi sir i have 9.5yrs exrierance in single company ,now am planning to quite job ,planning to settle in my native for business purpose, so now my point is what is the withdrawal process?
i want close my account?
is there any TDS deducted ?
i have confused about pension rule? Is am able to withdraw full pension along with employee and employer share..?
so please suggest me clear details
thanks on advance
I have left the job in the month of April but my aadhar number is not updated in KYC only PAN is mentioned. Please suggest how do I update my aadhar number
I am left previous company and join now new employer on same UAN NUMBER.
how can I withdraw pf amount of employer and eps of previous employer.
Now currently I m working with new company. Date of exit also mark by previous employer,
how to withdraw my epf , I am nepali resident & no a/c in India & no addhar card kindly advice
I have left my previous organization and submitted the UAN to the current employer but then too they have generated my new UAN number. Due to which below two issue has been raise:
1) Two UAN are currently active.
2) In the PF transfer search by mistake I have raised PF withdrawal request online from my previous employer and now I want to cancel the same.
how these two issues can be resolved
Visit concerned PF Office to resolve the issues..
dear mam, i updated my aadhaar online in that while filling the detail of idetification then i used voter card detail in which asked me to fill c/o,s/o,w/o then i chose s/o then wrote my father name. now I am asking that I filled my father name that is right or wrong.
I mean there is not asked my name,,, and option were c/o,s/o,w/o that’s why I chose s/o. I think it is right.
so please confirm me.
I don’t understand. When you yourself entered it, than how it can be wrong?
I am an American citizen who worked in india for 2 years and during this period enrolled in P.F., how do I access my account and what are the withdrawal rules?
Thanks in advance
Submit relevant Claim Forms duly attested by your ex-employer.
Read the Form filling instructions here and here carefully!
How can I access inactive EPF account? I worked 6 years in india before moving to a job in the USA? What are the withdrawal rules?
For the process to withdraw from inoperative accounts or for any other query, Download Inoperative Accounts Help Desk Android App and get your problem solved quickly! Thanks!
Respected sirs,
My total PF experience will be 36 + years with more than five organisations. I submitted the relevant employment changes document in every occasion. But noted only present organisation account details available. All old PF details not seems to be updated even after I have given all thro my present employer properly. My PF UAN No;100303546794.It will be helpful for me the updations.
Then what will be my pension if retired.DOB;03/04/1961.Email;ramrenu06@yahoo.co.in.Concern offices please mail me.
What are your old PF Numbers with employment years’ details?
Do you have Acknowledgement Slip for all those claims?
i applied to close my PF account, they informed me to resubmit the form after updating Aadhar number by the employer.My passport number also changed,I updated my aadhar Number and New Passport Number but it goes to Pending KYC. i mailed to Cochin office.But they are not replying.Please help me
I want to withdraw amount as it is reaquired for construction of 2nd floor on my existing house what all documents i will be required for withdrawal of provident fund
Apply in Form 31 under para 68-B..
I want withdraw all amount and send my withdraw document properly on date. 24.03.2017 but my amount is not withdraw by you.
I am not getting the notification regarding this. Kindly I request that my amount is withdraw.
Thanking you & regards
Ashok kumar
PF. NO. GNRTK10436070000000006
STATUS for Member ID: GNRTK10436070000000006
Claim ID : GNRTK170400004402
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (GNRTK10436070000000006) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim form.
Reason of rejection: FORM 9 NOT SUBMITTED BY EMPLOYER/OK
Claim ID : GNRTK170400004403
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (GNRTK10436070000000006) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.
Reason of rejection: FORM 9 NOT SUBMITTED BY EMPLOYER/OK
plzz help me how to update pan card and adhara card and checkbook tel me pro
Login to your UAN Acc and go to upload KYC Docs..
I have left job in 2026 January but I did not claim my PF. so can I get my whole pf or what I need to do. now I want to withdraw my pf amount.
I am assuming you mean year 2016. Submit relevant Claim Forms duly attested by your ex-employer. No need for attestation if you have your UAN activated and linked to Bank Account & Aadhaar Card.
Check TDS Deduction on PF Withdrawal..
plz plz suggest me how i can withdraw my pf really i need it plz suggest me as soon as possible
Submit relevant Claim Forms duly attested by your ex-employer. No need for attestation if you have your UAN activated and linked to Bank Account & Aadhaar Card.
Check TDS Deduction on PF Withdrawal..
Mukesh
I left job on 3.9.2013 & superannuated at the age of 58 yrs. in Dec.13.The pension has started w.e.f. Dec.13.
So far i have not withdrawn the epf contribution.Need to know about
1. How long the a/c can continue post retirement?
2. As inoperative accounts will earn interest now ,will this be applicable to my account ?
3.Currently i am working as consultant & not contributing to pf.
Pl. clarify.
You must withdraw your EPF asap. For the process to withdraw from inoperative accounts or for any other query Dowload Inoperative Accounts Help Desk Anroid App and get your problem solved quickly! Thanks!
Thanks Anu.
Can you pl. clarify again in the recent context / notification whereby it says interest will be payable on inoperative accounts.
is it correct that one can keep epf accumlations for a period of maximum 3 years post superannuation so as to earn interest ?
Thnx,.
Download inoperative accounts Help Desk Android App here and get all your queries resolved! Thanks!
Hi i m satya prakash
There was a swelling mistake on my name in epf account. So how can i correct it.
Please suggest me!!
Name correction process is- Make a joint request (Employer + Employee) for the said change along with a document confirming the change (PAN, Passport etc) duly attested by the employer and the member. The letter from the employer should have company’s letter head. Submit them to the PF office.
I have joined a firm on oct 2008 and left the organization in feb 2012 and still not applied for pf due to some reason . now i want withdraw all amount ist possible ? Now i am at present job less.
please help me for process withdraw my pf amount.
Koushik Mondal
For the process to withdraw from inoperative accounts or for any other query Dowload Inoperative Accounts Help Desk Anroid App and get your problem solved quickly! Thanks!
Recently I saw a press wherein it was mentioned that for availing EPF pension the age of the employee is increased to 60 years from the previous 58 years. In then case, the amount of pension will also increase. Where can I find the details please.
You can defer your pension only till the age of 60. If you opt for deferment, the pension would increase by 4% for every deferred year.
I have resigned from my earlier job and have not tried to seek further employment. I have not withdrawn my EPF .. for how long will EPFO give me interest …..? i am currently 46 years old. can someone please let me know??
You will get interest upto 3 years..
I have joined organization in dec-2011 and left the organization in dec-2014 and still not applied for PF due to some reason. now I want ton withdraw all amount is it possible to withdraw.
I searched all site but I am not getting the notification regarding new rules,i heard some news upto 31-aug-2016 you can withdraw the old PF amount,
please guide me.
You can still withdraw it. Submit relevant Claim Forms duly attested by your ex-employer. No need for attestation if you have your UAN activated and linked to Bank Account & Aadhaar Card.
I have joined organization in 2011 and resigned in the year 2012 due to my personal problems I can’t withdraw my PF amount till now I not having UAN No. only PF Account kindly give suggetion to withdraw my PF amount
Submit relevant Claim Forms duly attested by your ex-employer. No need for attestation if you have your UAN activated and linked to Bank Account & Aadhaar Card.
Read the Form filling instructions here and here carefully!
Check TDS Deduction on PF Withdrawal..