Thursday, December 17, 2015

EPF Withdrawal become very easy for employees - “No need to attest by employer – UAN Based Withdrawal”


EPF Withdrawal become very easy for employees
“No need to attest by employer – UAN Based Withdrawal”

Great news from EPFO to those are covered under EPF ACT’1952 or employed in any organization where EPF is deducting from their salaries or those are left and wants to withdrawal their PF accumulations.
 
An order on 01st, Dec’2015 has been issued from EPFO wide order Number “WSU/10(1)2011/Changes in MAP/31406”; in exercise of powers conferred under para 78 of Employees’ Provident Funds Scheme 1952, the Central Govt. has directed the changes in withdrawal of EPF accumulation.


Directed points are:

A. This mentioned direction has been made operational with immediate effect:
An employee those details like Aadhar and Bank Account number have been seeded / clubbed with their UAN and who UAN have been activated, may submit claim Forms 10C & 19 to directly to the EPF Commissioner without attestation of their employers.

B. Pursuant to the above mentioned direction and notwithstanding “Point A” the provision of Para 72(5) of the Employees’ Provident Funds Scheme 1952, CPFC, hereby prescribed the new forms 19 UAN & 10C UAN for all employees whose Aadhar Number and Bank Account details have been seeded as KYC and have been duly verified by the employer using digital signature and the details in Form No.11 new have been completed.  

C. All other employees not fulfilling the above conditions shall continue to make their claims of withdrawal in existing form No. 19 & 10C, as the case may be.

D. It is reiterated that form No. 19 UAN and 10C UAN need not to be attested by employer and should be submitted by the employee directly to the respective jurisdictional EPF office.

E. Same rules will be applicable for Form no.31 also.


F. Important Points are:

a. For UAN – Need to contact to employer to get the same.
b. Aadhar and Bank Account number must have seeded with UAN – Assured with employer.
c. Complete the Form10C / 10C UAN & 19 / 19 UAN with required necessary details (Not required employer attestation) – Submit the form directly to A/PFC.
d. Documents to be attached with withdrawal forms - A cancelled cheque (which containing member's name, bank account number and IFS Code) should be attached.