How to check EPF claim status Employees Provident Fund

Just as indicated earlier, the Employees Provident Fund Organization has made things very easy for its members. No matter the kind of services you need from them, you don’t have to visit their offices. All you need to know is visit their official website and with the right information, you will be able to access all the information you need.

Before you start on the procedure, ensure you have all the important details at hand as this will make things easier for you. At the same time, it is important to ensure you have adequate internet that will not keep on failing you. One of the most important things you need to have in place is the Universal Account Number as it is part of the procedure.

EPF Claim Status Procedure

Below is a step by step procedure of checking your Employees Provident Fund EPF claim status.

  • The first step is visiting the Employees Provident Funds Organization portal and click on the services. There is a drop-down with different options. Choose the employees option.
  • Once you have on the employees option, there are different options that will be provided. Choose the “Know Your Claim Status” option before moving to the next step.
  • The third stage, involves filling in a few details which include your Universal Account Number. Once filled-in, you will also be expected to fill in the Captcha provided as a way of proving you are not a robot. This marks the end of the third procedure.
  • The fourth step which can also be referred to the second last step and it involves entering a few more details as requested by the site. The details needed are:
    • The state of your Provident Funds.
    • There will be a drop down provided where you can choose the PF office from.
    • This is followed by entering your establishment code.
    • The last detail needed in this category is entering your Provident Fund Account Number.
  • This marks the end of the whole process. Ensure you have filled-in all the necessary details before clicking the submit button as this is the last step. If all the details are filled as they should, you will receive a notification from the Employees Provident Fund Organization.

Employees Provident Funds Organization for your benefit as the claimant provides an option of receiving an SMS alert in the mobile number linked to the claimant’s account during registration. The following is however not sent to the claimant every time but in case of these two cases given below, you will receive the SMS.

  • On receipt of claim application.
  • When there has been a transfer of funds to your bank account as the claimant.

It is however, very important to understand that there can be income tax implication when withdrawing your Providence Fund but it is only on a number of scenarios. This information will however, be communicated in details to you in case of such a scenario.

EPF Withdrawal Procedure (Employee Provident Fund)

Procedure on how to withdraw the Provident Fund Amount or EPF Withdrawal Funds online….
To some people, Employees Provident Fund is that annoying monster that comes to chuck money from your account every end month. The most unfortunate thing is that, contributing to EPF is not optional and especially for those people working in government offices and big companies. Looking at Employees Provident Fund as a monster might seem unreasonable but the fact that those who contribute takes such a long time before enjoying the benefits makes it reasonable.

Although being a member of Employees Provident Fund is a compulsory for many workers in India, the rules and regulations governing it are set by a Board of members known as Employees Provident Fund Organization and not the individual members. The money contributed to the EPF can be said to be savings for the members as they will only be allowed to withdraw once they retire or under very special circumstances.

Just like any other saving schemes, there are very many rules governing the EPF withdrawal of funds from the Employment Provident Fund Organization. These rules regulates the time and mode of withdraw acceptable for its members to withdraw their savings. Before we discuss about the procedure of withdrawing funds, it is very important we first talk about these rules.

Latest rules of EPF withdrawal

  1. If a member withdraws his / her money before completing five years of continuous service, their money will be taxed. However, if you EPF withdrawal after five years of continuous service, you will not be taxed. This rule was set by the government as a way of encouraging commitment to the Organization and also it has been seen as a way of encouraging long term savings.
  2. On the other hand, when an employee loses his/her job due to reasons beyond their control, for example; discontinuation of business of their employer or ill health, their savings will not be taxed if they choose to withdraw even before the completion of the minimum set time (5 years).
  3. If an EPF member decides to withdraw their money even before completing the set time of five years, their principal amount and the interest accrued will be subjected to tax. It is also important that the amount deducted will be determined by the percentage of the financial year the EPF withdrawal is done.
  4. The amount set is normally 30% of the principal amount as well as the interest your savings had accrued. This however only applies if the member in question had not submitted his or her PAN to the relevant authority (Employees Provident Fund Authority). But if they had met this requirement only the 10% Tax Deducted from Source (10%TDS) will be applied.
  5. It is however very important to know that, if you choose to transfer your Provident Fund account towards the NPS (National Pension Scheme), you will not be taxed when you make a withdrawal.
  6. On the other hand, if the employee gets a new employer and registers a different Provident Fund account but doesn’t skip any contribution, this will be considered as a continuous service and hence it will not attract any deductions during withdrawal.