Finally, one guy who actually explained something. Please be informed that I will share this with my social circle. What an explanation man! Keep up the good work.
Please change the title of the video. This is an explanation of the EPF process as a whole and not a step by step guide for withdrawal. Very little information on the withdrawal process is explained.
Very useful indeed, explained v clearly , i have one issue iam unable to fill in my member id in for form, its like blocked in red, could someone help me out please. tks in advance.
@@ETMONEY I know that one can do it from UAN portal. There is no content from top creators on PF transfer where it’s fully loaded in case of Withdrawals. That’s the reason behind my comment
In case the employee is travelled abroad and settled there and his India employment is terminated is it advisable to withdraw the EPF as advised by HRs? FYI, his total employment tenure is more than 10 Years and he is in his early 40s.
Please help me clear my doubt. I worked in private sector before, now I work at govt. Sector. Here there is no EPF but GPF which will start functioning next year. Now , I want to withdraw full pf money. I pay Professional tax in my govt salary. Should I fill form 15 g. What income or amount should I mention in form 15 g. And also my pf bank account and present salary account is same. Is there any problem in that? Please help 🙏
I withdrew the EPF amount of my late father. But before starting the family pension the employer has only given the employee share of the EPF as lumpsum into the nominee account and the employer share they kept with them saying it will be disbursed in small fractions every month with family pension. Is this within the rule ? My father retired from state gramin bank.
Employer registered for EPF and made his contribution, but Now he has only 4 employees. Whether now he has to pay EPF or not? Can he withdraw his registration?
i was expecting the information about the PF1 amount transfer to PF2.. Where PF2 associate with UAN , as it is opened after 2015 and PF1 does not have UAN and it has opened before UAN concept . But this information is missing here. I would have really appreciate, if this information could have been covered. Edit:- Secondly, heading is misleading . heading is step by step guide, where as there is no step by step information. Initial information was what is epf, how company shares involve and when to withdraw.. etc.. but the actual withdrawap process u started at 10:00 somewherre
I worked in private organisation before which had this EPF system. But I got a job in govt. Sector now , and here GPF system is present, also that account will be opened after 1 year of my job. The GPF system is different from epf . So though I am not unemployed I want to close the pf account and claim 100% money, bcz later this money cannot be transferred to any other epf account. Please suggest the procedure 🙏
replying on this comment cuz I see this is the most recent one. I have been trying to withdraw my PF and the website for Unified portal is unreachable. Could you please let me know which website is the correct one or if it is down for everyone! Thanks in Advance
I used to work with Karvy and the company folded up. They also did not deposit the PF contributions of employees with the EPFO. My PF balance online has no amount or entries. What can I do to get my money?
Hello, we are sorry to know about this. Please contact your nearest PF office and lodge a complaint there. EPFO can then start an inquiry into the matter.
Hello, if you have completed 10 years of service and not joined any establishment after that, you can withdraw the EPF but not the EPS. EPFO rules mandate that after 10 years of service, you will get a scheme certificate for your EPS contribution. If you are between 50 and 58 years of age, you can also get a reduced pension for your EPS contribution.
The last company that I worked (5yrs back) is closed. I have moved abroad. In this scenario, how will my withdrawal application be approved, since their is no company that exists that will approve saying I left work?
Hello, you can still check the details on the UAN portal and apply for a withdrawal. If that doesn't work, you will need to visit the nearby PF office.
I was working with X conpany, then moved to Y company and now i have already resigned the company Y and moved to another country. I have not done the PF transfer from X to Y. Can i withdraw X and Y seperately or i first need to transfer X to Y?
You Need to move the PF balance from X to Y first. Once done you can withdraw total PF amount from Y account. Remember you will not get the interest amount on PF amount available in X after 3 years. You need to transfer it to Y to get the interest after 3 years as well. Same applicable to account Y also as you already moved to another country.
I worked with a company having its own trust to manage epf. When i switched my job they said epfo does not provide dem any option to transfer epf with them to my new epfo account and only option is to withdraw.. what are the tax liablities in this case if i withdraw?
Hello, the rules will be the same as discussed in the video. If you are withdrawing the PF before 5 years, it will be taxable. After 5 years, it won't be. You can also check with your company regarding this.
A 34,000 amount was left over in my 1st employer's member ID due to late deposit of PF by employer. Now I am at 3rd employer, nobody is answering if I can transfer that money to current employer's member ID
you need to merge your old UAN accounts to your current only then you can withdraw your PF amount and since you are working in your third establishment you can only withdraw partial amount only.Merging your old UAN accounts is mandatory so that you wont get into trouble of being unable to retrieve your hard earned money from your previous jobs
How is the years of service calculated ? Looks like they are considering the DOJ of the latest employer which is really pathetic and outrageous. I have raised so many tickets with EPFO. But the lazy bunch of EPFO officers have not really given me a solution.
Hello, to calculate years of service, all your past employments are considered. We would advise you to transfer all your past PF balances to the latest PF account for ease of handling.
Bro can anyone solve my doubt ? Iam having employee share 27k and employer share 27k so now total available balance is 54 if i applied for pf withdrawl do i have to apply for form 15g ?
Please advice if unemployed person at 48 age ....but not withdrawn EPF after 2 month of unemployment what are the advantages and disadvantages? Is compulsory to withdraw the EPF? what will happen if not withdrawn till 58 years age? Please suggest
If wish to withdraw EPF , you can but withdrawal is not mandatory. Your epf amount will get interest as long as you keep it even if you unemployed. At age 58, will get huge amount in form of interest if not withdraw. My suggestion is to take partial withdrawal and invest in another good return asset/portfolio since epf can give only 1% returns after beating inflation.
Hello, if you have multiple PF accounts, you can transfer the PF to the latest account so that you have all your PF corpus in just one account. Even if you don't withdraw the PF, it will continue to earn interest.
@@ETMONEY but why does he need to transfer it since it is automated long back??( when you leave one company, the PF amount is auto carried forward to the new one which shows as Claim: Against PARA 57(1) in the passbook). Am I right?
I have worked in 3 companies. The first two gave EPF+EPS, but the third one did not; it only gave EPF! Per the rules, a person can withdraw the total PF(EPF+EPS) balance if he has been unemployed for over two months. Hence, I initiated the complete withdrawal of the funds and selected Form-19 while withdrawing it. Now, my two questions are: 1.Will I get the total amount, considering the first two companies contributed as EPF+EPS and the third one as just EPF? or is there any other process to withdraw the EPS amount? 2.Will my PF account close after the withdrawal? Or will it continue when I join the new company?
![ไลฟ์สุ่ม iPhone 295 บาท... โกงมั้ย?[ โกงมั้ยครับ ep.97 ] | DOM](http://i.ytimg.com/vi/gdstHEE4UUE/mqdefault.jpg)
Finally, one guy who actually explained something. Please be informed that I will share this with my social circle. What an explanation man! Keep up the good work.
Please change the title of the video. This is an explanation of the EPF process as a whole and not a step by step guide for withdrawal. Very little information on the withdrawal process is explained.
he hardly cares.
Highly impressed by your way of explaining these concepts
Prior details are not cleared, just overwhelming details. Video starts at 5:11
I was just looking for this precision. Thanks
Hi, glad to know that you found this video helpful. Don’t forget to share it with your friends and family.
Very useful indeed, explained v clearly , i have one issue iam unable to fill in my member id in for form, its like blocked in red, could someone help me out please. tks in advance.
what is the bloodly withdrawal process? where is the step by step? so red hearing
excellent content, thanks
Also make a step by step video on marking exit and transfer of pf accounts
You can do both at UAN portal now days.
Hello, as @maheswara2808 commented, you can use the UAN portal to do that.
@@ETMONEY I know that one can do it from UAN portal. There is no content from top creators on PF transfer where it’s fully loaded in case of Withdrawals. That’s the reason behind my comment
In case the employee is travelled abroad and settled there and his India employment is terminated is it advisable to withdraw the EPF as advised by HRs? FYI, his total employment tenure is more than 10 Years and he is in his early 40s.
Please help me clear my doubt. I worked in private sector before, now I work at govt. Sector. Here there is no EPF but GPF which will start functioning next year. Now , I want to withdraw full pf money. I pay Professional tax in my govt salary. Should I fill form 15 g. What income or amount should I mention in form 15 g.
And also my pf bank account and present salary account is same. Is there any problem in that?
Please help 🙏
Great information thank you
I withdrew the EPF amount of my late father. But before starting the family pension the employer has only given the employee share of the EPF as lumpsum into the nominee account and the employer share they kept with them saying it will be disbursed in small fractions every month with family pension. Is this within the rule ? My father retired from state gramin bank.
Employer registered for EPF and made his contribution, but
Now he has only 4 employees.
Whether now he has to pay EPF or not?
Can he withdraw his registration?
Excellent information Sir!!
Hello, we are happy to know that you found this video useful. Please share it with your friends and family as well and help spread the word.
i was expecting the information about the PF1 amount transfer to PF2.. Where PF2 associate with UAN , as it is opened after 2015 and PF1 does not have UAN and it has opened before UAN concept . But this information is missing here. I would have really appreciate, if this information could have been covered.
Edit:- Secondly, heading is misleading . heading is step by step guide, where as there is no step by step information. Initial information was what is epf, how company shares involve and when to withdraw.. etc.. but the actual withdrawap process u started at 10:00 somewherre
I worked in private organisation before which had this EPF system. But I got a job in govt. Sector now , and here GPF system is present, also that account will be opened after 1 year of my job.
The GPF system is different from epf . So though I am not unemployed I want to close the pf account and claim 100% money, bcz later this money cannot be transferred to any other epf account.
Please suggest the procedure 🙏
replying on this comment cuz I see this is the most recent one. I have been trying to withdraw my PF and the website for Unified portal is unreachable. Could you please let me know which website is the correct one or if it is down for everyone! Thanks in Advance
I used to work with Karvy and the company folded up. They also did not deposit the PF contributions of employees with the EPFO. My PF balance online has no amount or entries. What can I do to get my money?
Hello, we are sorry to know about this. Please contact your nearest PF office and lodge a complaint there. EPFO can then start an inquiry into the matter.
If completed 10+ years of service, then can we withdraw entire EPF and EPS contributions.. (if don't want Pension)
Hello, if you have completed 10 years of service and not joined any establishment after that, you can withdraw the EPF but not the EPS. EPFO rules mandate that after 10 years of service, you will get a scheme certificate for your EPS contribution. If you are between 50 and 58 years of age, you can also get a reduced pension for your EPS contribution.
When I login with UAN, OTP is going to my old number which is an old number and not with me. How could I solve this ?
Update adhaar with current mobile no. You have
The last company that I worked (5yrs back) is closed. I have moved abroad. In this scenario, how will my withdrawal application be approved, since their is no company that exists that will approve saying I left work?
Hello, you can still check the details on the UAN portal and apply for a withdrawal. If that doesn't work, you will need to visit the nearby PF office.
Hello can I withdraw amount from of if I’m not working for 2 months now? I quit my job in September this year
I was working with X conpany, then moved to Y company and now i have already resigned the company Y and moved to another country. I have not done the PF transfer from X to Y. Can i withdraw X and Y seperately or i first need to transfer X to Y?
You Need to move the PF balance from X to Y first. Once done you can withdraw total PF amount from Y account. Remember you will not get the interest amount on PF amount available in X after 3 years. You need to transfer it to Y to get the interest after 3 years as well. Same applicable to account Y also as you already moved to another country.
Miller Stravenue
I worked with a company having its own trust to manage epf. When i switched my job they said epfo does not provide dem any option to transfer epf with them to my new epfo account and only option is to withdraw.. what are the tax liablities in this case if i withdraw?
Hello, the rules will be the same as discussed in the video. If you are withdrawing the PF before 5 years, it will be taxable. After 5 years, it won't be. You can also check with your company regarding this.
If I raised pf withdrawal then how much time will it be credited to the amount?
Max 30 days for pf advance and 15 days for complete settlement
Hello, it takes about 20 days in normal cases.
Time wasted on this video. The video is not on the topic mentioned in the title. Useless...
A 34,000 amount was left over in my 1st employer's member ID due to late deposit of PF by employer. Now I am at 3rd employer, nobody is answering if I can transfer that money to current employer's member ID
you need to merge your old UAN accounts to your current only then you can withdraw your PF amount and since you are working in your third establishment you can only withdraw partial amount only.Merging your old UAN accounts is mandatory so that you wont get into trouble of being unable to retrieve your hard earned money from your previous jobs
@@evgrlor2820 I have only one UAN from the beginning. But each employer gave me different memberID. Are you talking about member ID?
How is the years of service calculated ? Looks like they are considering the DOJ of the latest employer which is really pathetic and outrageous. I have raised so many tickets with EPFO. But the lazy bunch of EPFO officers have not really given me a solution.
Hello, to calculate years of service, all your past employments are considered. We would advise you to transfer all your past PF balances to the latest PF account for ease of handling.
@@ETMONEY I have done that. All my service records are available in the same pf account
Bro can anyone solve my doubt ? Iam having employee share 27k and employer share 27k so now total available balance is 54 if i applied for pf withdrawl do i have to apply for form 15g ?
if you have worked for more than 5 years, I don't think there would be a TDS deduction 8:40
please change the title
Please advice if unemployed person at 48 age ....but not withdrawn EPF after 2 month of unemployment what are the advantages and disadvantages? Is compulsory to withdraw the EPF? what will happen if not withdrawn till 58 years age? Please suggest
If wish to withdraw EPF , you can but withdrawal is not mandatory. Your epf amount will get interest as long as you keep it even if you unemployed. At age 58, will get huge amount in form of interest if not withdraw. My suggestion is to take partial withdrawal and invest in another good return asset/portfolio since epf can give only 1% returns after beating inflation.
Hello, if you have multiple PF accounts, you can transfer the PF to the latest account so that you have all your PF corpus in just one account. Even if you don't withdraw the PF, it will continue to earn interest.
@@ETMONEY but why does he need to transfer it since it is automated long back??( when you leave one company, the PF amount is auto carried forward to the new one which shows as Claim: Against PARA 57(1) in the passbook). Am I right?
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Really of no use. You explained point mentioned in topic for 1 minute out of 11 minutes video
I have worked in 3 companies. The first two gave EPF+EPS, but the third one did not; it only gave EPF!
Per the rules, a person can withdraw the total PF(EPF+EPS) balance if he has been unemployed for over two months.
Hence, I initiated the complete withdrawal of the funds and selected Form-19 while withdrawing it. Now, my two questions are:
1.Will I get the total amount, considering the first two companies contributed as EPF+EPS and the third one as just EPF? or is there any other process to withdraw the EPS amount?
2.Will my PF account close after the withdrawal? Or will it continue when I join the new company?
Bai hindi wali log bhi ha yaha 😂