Recently new EPF Withdrawal Rules came into existence where you are allowed to withdraw 75% accumulated corpus if you are unemployed for more than a month.
But before moving forward, please take the note of earlier notification which I explained in my blog post “Tax on EPF after resign, retire or terminated” for better understanding of taxation on EPF after you resign, retire or terminated.
In this new notification, a new clause, 68HH has been inserted after para 68H in the 1952 EPF act. Clause 68H refers to the grant of advances in special cases like your company closure for more than 15 days or 6 months (Refer THIS for more details).
As I mentioned above, a new clause 68HH has been inserted along with the existing 68H in the 1952 EPF Act.
The new clause 68HH refers as below.
“68HH. Non-refundable advance to a member in case of continuous unemployment for a period of not less than one month.- The Commissioner or, where so authorised by the Commissioner, any other officer subordinate to him, may permit a member, on ceasing to be an employee in any factory or establishment to which the Act applies, a non-refundable advance up to seventy-five percent of the amount standing to his credit in the Fund, if he has not been employed in any factory or other establishments for a continuous period of not less than one month immediately preceding the date on which he makes an application for such non-refundable
advance.”.
From above notification we can arrive at the judgement of below points.
# You are allowed to withdraw a NON REFUNDABLE 75% of accumulated EPF corpus if you are unemployed for more than a month.
# Such advance is NON-REFUNDABLE. Means you can’t pay it back to EPFO. Once you withdraw this advance then it is your’s. Hence, act wisely before opting this feature.
# Here one month period means it is from the date of an application for such non-refundable advance is applied for.
# Even after such withdrawal is made, the person will remain part of the EPF and eligible for pension benefits.
Keep note of the point also that, along with newly inserted clause 68HH, the earlier para 69(2) that allows 100% withdrawal after two months of continuous unemployment is still in effect. Women resigning to get married can withdraw 100% without waiting for two months.
Hence, it is clear that if one is unemployed for more than a month, then he can withdraw 75% of non-refundable advance from EPF corpus and still continue to be the member of EPF along with EPS benefits.
However, the earlier para of 100% of withdrawal in case of one is unemployed for more than two months is also still active.
Also, women employees resigning to get married can withdraw their 100% without waiting for two months.
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If im still employeed but on non paid maternity leave, will I be eligible for the withdrawl?
Dear Salini,
As you are still on employment, you are not allowed to withdraw.
Sir,
I was an international worker in India working from July 2015-Dec 2019. I tried withdrawing my PF and Pension amount but got rejected with the following reasons:
EPF :
1) KINDLY PROVIDE CLARIFICATION FROM EMPLOYER IF THE MEMBER IS AN INTERNATIONAL WORKER
Pension :
1 )KINDLY PROVIDE CLARIFICATION FROM EMPLOYER IF THE MEMBER IS AN INTERNATIONAL WORKER
2) NOT ELIGIBLE FOR WITHDRAWAL BENEFIT
Can you please help me with it?
Dear Kirti,
If you mentioned you are an international worker, then obviously you have to give the proof. Approach your employer.
Do Nepalese come under international workers?
Dear Kirti,
I think yes.
Hi,
I have worked in 2 diff companies, when I tried to withdraw, it asked to link and transfer to one PF account, now it seems like the pension amount is not transferred, and some amount has been shown in withdrawal as - "claim against para 69(2)", can u explain what is Claim against para 69(2). there is a withdrawn amount is employer share - 5297.00 and employee share - 17328.00
Dear Priyanka,
Better to request for withdrawal individually.
Sir am having one UAN Number & 3 account with EPF, I have claimed for merger of two account with the current one, amount is merged stating para 57(2) but still shows 3 pass book and also difference in the balance.
Dear Anilkumar,
Raise an issue with EPFO Grievance Cell Online.
Hi Basavaraj sir,
I have claimed the pf amount of 88k in April 2017. But the pf amount was 98k but I have recieved the amount was 88k. Why the amount fully not credited to my account.
So, is there any steps need to follow to recover the remaining amount into my account?
Dear Veerendra
4 years gave passed and now you have decided to check on your pf recd.
98k less 10% tax is 88k.
Dear Veerendra,
Check with EPFO.
Dear Sir,
I submit 10c from along with annexure K form to EPFO office as my current company is exempted. its really appreciate could you please confirm that in how much day I received my pension amount as I already received the P.F amount.
Thanks in advance.
Dear Pappu
When you submitted form 10c with annexure K have you written to p.f office a note saying what is your pension number in the unexempted office so that the 2 numbers total service is added.If not you might receive pension amount only of exempted office.
Dear Pappu,
Hard to say.
I am in job and need of money to withdraw PF. I had withdrawn Advance under home construction 2 years back and now they would not let me withdraw further for next 3 more years.
1.Is there any other clause (other than covid advance, medical which is partial) where I can withdraw almost entire employee and employer share?
I have tried to withdraw PF under 68BB which is paying the bank loan directly, now they have rejected that saying Bajaj Housing Finance where I have the loan is not in their old 1960 document of listed banks :)
2. How do i reach Head Office to suggest and update the document to allow the withdrawal claim to be paid to Bajaj so that they update their operational document
3. I have seen one time exceptions provided earlier to pay to the member account directly with undertaking that member will pay the bank loan directly
Dear EPFO Victim,
1) NO.
2) Better to visit personally.
3) I never heard of it.
Hi Sir,
I applied for ‘PF withdrawal’ and within a week the amount credited to my bank account is the amount mentioned under ‘Pension Contribution’. The amount of employee share and employer share is not credited and the amount is shown under ‘Withdrawals’ and it is stated as ‘Claim against Para 69(2)’ in the passbook.
Kindly clarify.
Dear Lakshya
It is common when an individual applies for pf and pension the pension amount comes first followed by pf money in a few days.
Dear Lakshya,
Wait for few more days.
Dear Sir,
My wife worked for an organization for 9.7years...and this company has now shutdown and we withdraw our PF balance, but Pension we are not able to do so , as per the PF site its starting as 10 years of work and pension fund cannot be withdrawn, and company has already updated as cessation short notice in PF site, as per my knowledge they are rounding it off to next digit , please guide me with the procedure to claim the pension fund or what's the next procedure
Dear Somesh,
As your wife completed 10 years of service, you are not allowed to withdraw EPS. You have to get the scheme certificate and she will get the pension during her retirement.
I have filled in form 19 and withdrawn my entire of amount but because the passbook was updated late my one months pf shows as balance in my pf account. How to withdraw this. I tried form 19 again but the same was rejected stating claim already settled.
Dear Sunil
After interest for 2019_20 is credited for all employees print your pf passbook.If any balance amont is payable you will have to make an application to the p.f. office stating balance amount payable with passbook proof and form 19 .
Dear Sunil,
I think they credited all the dues but updating of passbook may be delayed. Wait for some time and check the passbook properly.