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EPF withdrawal claim: How long does it take to settle an EPF withdrawal claim?

EPF withdrawal claim: How long does it take to settle an EPF withdrawal claim? Check complete details below

Published on: May 02, 2024 03:53 PM IST
By HT News Desk
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EPF withdrawal claim: If you are facing issues after applying for withdrawal claims from their EPF accounts and there has been no update after submitting the same, you are not alone as many Employees’ Provident Fund (EPF) members posted their complaints on social media platforms. Assuaging people's worries regarding withdrawal claims updates, EPFO’s social media handle said, “Dear member, normally it takes 20 days to settle a claim or release the PF amount.”

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EPF withdrawal claim: How long does it take to settle an EPF withdrawal claim? Complete details here
EPF withdrawal claim: How long does it take to settle an EPF withdrawal claim? Complete details here

In case this is not done within 20 days, individuals should file a complaint with EPFO that said in a response to a complaint, “Kindly register your grievance on http://epfigms.gov.in and you can track your grievance status at http://epfigms.gov.in”

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How to file EPF claim?

  1. Select the form for the individual's claim type and complete it.
  2. Check the qualifying criteria for EPF withdrawal.
  3. Check that the form is filled out completely and properly and attach any essential papers- cancelled cheque, ID proof, address proof, and other relevant documents. Read more: Goldman Sachs predicts this ‘favourable scenario’ for Indian economy by 2030
  4. Update the Know Your Customer (KYC) data- Aadhaar, PAN, and bank account details.
  5. Connect these to the EPF account as well and ensure that the nomination and member profile have been updated.

 
ABOUT THE AUTHOR
HT News Desk

Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.

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