PF Account: What should you do if you are not able to withdraw money from the Employees Provident Fund Account. At the same time, how many days does it take to withdraw this amount.
EPFO Online: Employees Provident Fund Organization (EPF) is a retirement scheme for private sector employees, under which both the company and the employee contribute equally to its account and the government pays interest on it annually. This amount can be withdrawn after retirement. However, the organization allows withdrawal of money even during emergency.
Provident Fund employees can transfer, withdraw or claim deposits in their PF account both online and offline. Apart from this, you can also check the deposit amount online. You can also check balance through SMS from EPFO.
Time taken for settlement of a claim or EPF amount settlement
Employees can file PF claim using Form 19 during emergency. Any person can withdraw EPF fully or partially. According to EPFO’s tweet on X (Twitter), it generally takes 20 days to settle a claim or release PF amount.
What to do if there is no settlement in 20 days
According to the EPFO website, he can approach the Regional PF Commissioner in charge of grievances. Grievance has to be lodged on the website using the EPFiGMS facility in the ‘For Employees’ section. Form 19 is required to be filled for PF final claim.
This is necessary for online settlement
If you want to do online settlement then you have to get eKYC done. Without eKYC, you cannot settle PF amount. You can complete eKYC by sending OTP to Aadhaar registered mobile number.
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