An unclaimed EPF (Employees’ Provident Fund) account refers to a provident fund account that remains inactive for a prolonged period due to the account holder’s inaction. According to EPFO (Employees’ Provident Fund Organisation) regulations, an EPF account is classified as unclaimed if there has been no contribution or withdrawal for 36 months.
If you have an old PF account with an unclaimed balance, you can withdraw the funds by following these steps:
Check EPF Balance: Visit the EPFO portal and log in using your Universal Account Number (UAN) and password.
Verify KYC Details: Ensure your Aadhaar, PAN, and bank account details are linked and verified on the EPFO portal.
Submit a Withdrawal Claim:
Approval from Employer: Your employer needs to approve the claim request.
Receive Amount in Bank Account: Once processed, the EPF amount is credited to your registered bank account.
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To check the unclaimed PF balance, follow these steps:
The Employees’ Provident Fund (EPF) is a retirement savings scheme managed by EPFO. Both employees and employers contribute a portion of the employee’s salary to the EPF account every month. EPF ensures financial security for employees after retirement.
Employees can retrieve their old PF money through these methods:
Employees can claim their old PF balance by:
You may also want to know ICICI Bank Senior Citizen Saving Scheme
According to EPFO regulations:
Unclaimed EPF accounts can be easily accessed and withdrawn using online and offline methods. Employees should check their UAN status, merge old accounts, and claim their rightful funds before retirement. EPFO ensures a streamlined process to help employees withdraw their unclaimed EPF money hassle-free.
You can check it by logging into the EPFO Member Portal using your UAN and checking your previous employer’s PF contributions.
Yes, you can withdraw it online by submitting a claim request via the UAN Member Portal.
Unclaimed EPF accounts continue to earn interest and can be withdrawn anytime.
Yes, you can transfer old PF balances using the EPFO Online Transfer Facility.
Aadhaar, PAN, UAN, bank account details, and a cancelled cheque are required.
Processing typically takes 5 to 20 days, depending on verification and employer approval.
Yes, if your Aadhaar is linked and KYC is verified, employer approval is not mandatory.
TDS is applicable if withdrawn before 5 years of continuous service and the amount exceeds Rs. 50,000.
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