How To Advance Claim or Withdraw EPF Balance Due To COVID19?



Finance Guru Speaks: This is a very important article on how you can apply for Advance Claim (Withdraw) of your Employee Provident Fund (EPF) Balance. 


COVID19 - Advance Claim or Withdraw EPF Balance

This Advance Claim feature is enabled by EPFO due to COVID-19 Pandemic and it is a very vital step taken by our Govt.  

Before I share the detailed Steps, it is very important to know the Eligibility Criteria as well as the maximum PF Amount which you can withdraw. 

Below details are shared on EPFO Member Portal:-

Eligibility:-
  • UAN should be activated.
  • Verified Aadhaar should be linked with UAN
  • Bank Account with IFSC code should be seeded with UAN

Maximum/Eligible Withdrawal Amount:-

  • Upto 75% of PF balance (Employee share and Employer Share) or 3 months PF wages or the claimed amount by the member whichever is the least.

If you are fulfilling the above Eligibility & want to withdraw a portion of your Eligible PF Balance, then you can continue your reading for detailed Steps.


Steps to apply for Advance Claim (Withdraw) of your PF Balance due to Corona pandemic:-

1. Open EPFO Member e-SEWA Portal Website.

2. As shown below, provide your UAN No., Password & Captcha code. Click on Sign in:-
COVID19 - Advance Claim or Withdraw EPF Balance
COVID19 - Advance Claim or Withdraw EPF Balance
NOTE: Incase you forgot your UAN Password, you can refer to below Article:-

3. On the Home Page, go to Online Services -> CLAIM (FORM-31,19,10C & 10D) link, as shown below:-
COVID19 - Advance Claim or Withdraw EPF Balance
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
4. On the Next Page, You need to enter the last 4 digits of your Bank Account and click on Verify button:-
COVID19 - Advance Claim or Withdraw EPF Balance
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
5. Once the Bank Account details are verified against your UAN records, you need to click on Proceed For Online Claim button:-



How To Advance Claim or Withdraw EPF Balance Due To COVID19
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
 6. Agree to the Terms and Conditions:-
COVID19 - Advance Claim or Withdraw EPF Balance
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
7. Select I want to apply for as PF ADVANCE (FORM 31) from the drop-down option:-
How To Advance Claim or Withdraw EPF Balance Due To COVID19
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
8. Select Purpose as OUTBREAK OF PANDEMIC (COVID-19) from the drop-down list, Enter the Withdrawal/Advance Amount, Your Address, Upload Scanned copy of your Registered Bank Cheque or Passbook.


Accept the Terms and Click on Get Aadhaar OTP:-
COVID19 - Advance Claim or Withdraw EPF Balance
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
9. You will receive an OTP on your Aadhaar linked Mobile number. Enter this OTP and Submit the Claim.
How To Advance Claim or Withdraw EPF Balance Due To COVID19
COVID19 - Advance Claim or Withdraw EPF Balance

Congratulations!! You have applied for your PF Advance Claim successfully. 👍
How To Advance Claim or Withdraw EPF Balance Due To COVID19
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
To track the status of the Claim, you can go to Online Services -> TRACK CLAIM STATUS link, as shown below:-
How To Advance Claim or Withdraw EPF Balance Due To COVID19
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance
Once this Claim is accepted by EPFO, you will receive below SMS mentioning the Claim Approved Amount:-
How To Advance Claim or Withdraw EPF Balance Due To COVID19
Click to enlarge - COVID19 - Advance Claim or Withdraw EPF Balance

Images Courtesy: EPFO Website

Remember - Withdraw or claim only when this amount is really required as your EPF Balance is a crucial tool for your financial stability and financial independence.

I hope you have found this article useful and please like, share and comment on this article over your Social Networks to appreciate my sincere efforts. Share with your colleagues too. Thanks.🙏

Also Read:

More Articles About EPFO

2 comments:

  1. I had received the claim on 20 th April. Again Advance covid enabled on my PF account. Is it possible to claim multiple time Advance under covid. ?

    ReplyDelete
    Replies
    1. Hello Vijendra, thanks for your comments. As per current EPFO rules, you can claim this Advance only once.

      Hope it helps.

      Delete

Thanks for your interest. Keep visiting.


Sincerely,
Finance guru Speaks

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