Is Form 13 mandatory for PF withdrawal?

Is Form 13 mandatory for PF withdrawal?

Yes. Form 13 is mandatory for the transfer of PF from one account to another.

Why is form 13 mandatory for PF transfer?

It enables the employee to access and update his or her PF passbook. Employees would receive SMS notifications regarding their monthly PF contributions to their registered mobile numbers. After changing employment or companies, a PF transfer can be completed online.

What is claim form 13 in EPF?

Employee has to furnish this Form to transfer the old PF balance details to new account. This is required when a member from one establishment moves to/ joins another establishment covered under the EPF Scheme.

How can I submit my PF Form 13 online?

Enter the OTP in the provided box and click on ‘Submit’. Fill up the online Form 13 (https://www.spmcil.com/UploadDocument/Form%2013-Transfer of EPF Account.ef23ef33-f252-4e0e-907c-133b2ed861e0.pdf) with details that include PF numbers from both previous and current organisations. A tracking ID will be generated.

How can I check my PF Form 13 status?

How to Check EPF Status?

1. Step 1 – Log in to the UAN Member Portal with your UAN and Password.
2. Step 2 – Click on the ‘Online Services’ tab and a drop-down will appear.
3. Step 3 – Click on the third option- ‘Track Claim Status’
4. Step 4 – The status of your online withdrawal/transfer claim will appear on the screen.

What is the new rule for PF withdrawal?

PF account holders can now make withdrawal cliams online equal to 75% of the net balance in their PF account or three months of their basic salary plus dearness allowance, whichever is lower. This will be a non-refundable deposit.

How do I claim form 13?

The printable Transfer Claim Form (Form-13) can be saved in the system. The member has to take a printout of the printable PDF file of Form 13, sign it and submit it to the employer chosen by the member to complete the process of claim submission by the member.

How long will it take for PF claim?

You may be asked to submit scanned documents for the purpose you have filled the form. The employer will have to approve the withdrawal request, and then only you will receive money in your bank account. It usually takes 15-20 days to get the money credited to the bank account.

Can I withdraw 100% PF?

EPFO allows withdrawal of 90% of the EPF corpus 1 year before retirement, provided the person is not less than 54 years old. The remaining 25% can be transferred to a new EPF account after gaining new employment. As per the old rule, 100% EPF withdrawal is allowed after 2 months of unemployment.