{"id":23005,"date":"2024-02-08T15:10:54","date_gmt":"2024-02-08T15:10:54","guid":{"rendered":"https:\/\/bestbrainz.com\/info\/?page_id=322"},"modified":"2024-02-08T15:10:54","modified_gmt":"2024-02-08T15:10:54","slug":"epfo-withdrawal","status":"publish","type":"page","link":"https:\/\/uni1.co.za\/articles\/epfo-withdrawal\/","title":{"rendered":"Epfo Withdrawal"},"content":{"rendered":"\n<div class=\"advads-atf\" style=\"margin-top: 15px;margin-bottom: 20px;\" id=\"advads-3519309418\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads atf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"8381596201\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div><p><strong>An EPF scheme member can withdraw the money from EPF scheme for various reasons like marriage, buying a house etc. prior to retirement. However, to make these withdrawals, there are certain conditions that must be met by the member.<\/strong><\/p>\n\n\n<p>The Employees&#8217; Provident Fund (EPF) scheme rules allow you to withdraw from your EPF account for various reasons. You can withdraw money from your EPF account upon retirement after attainting the age of 55 years. You can also withdraw money from your EPF account for various purposes before retirement.<\/p>\n\n\n<p>These include purchasing\/constructing a house, child&#8217;s wedding and education, and funding financial emergencies caused due to the coronavirus-induced lockdown. You are also allowed to file a claim due to job loss or after you leave your job.<\/p>\n\n\n<p>Before filing an EPF claim, you should make sure that the prescribed conditions under the EPF scheme are met.<\/p>\n\n\n<p><strong>Eligibility to file withdrawal<\/strong><br \/>Puneet Gupta, Director, People Advisory Services, EY India lists out the basic conditions that must be satisfied by an EPF member before filing for applicable advance or withdrawal from the EPF account:<\/p>\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Reason for partial withdrawal\/ advance<\/strong><\/td><td><strong>When<\/strong><\/td><td><strong>Purpose<\/strong><\/td><td><strong>Maximum amount that can be withdrawn<\/strong><\/td><\/tr><tr><td>Education<\/td><td>After 7 years of EPF membership<\/td><td>Education of son or daughter after class 10<\/td><td>50% of employee\u2019s share of contribution with interest only<\/td><\/tr><tr><td>Marriage<\/td><td>After 7 years of EPF membership<\/td><td>Marriage of self, son\/daughter, brother\/sister<\/td><td>50% of employee\u2019s share of contribution with interest only<\/td><\/tr><tr><td>Purchase of land for construction of house<\/td><td>After 5 years of EPF membership<\/td><td>Land should in the name of individual and \/ or spouse<\/td><td>Least of the following: (a) 24 months\u2019 basic wages and dearness allowance of member; or (b) Member\u2019s share of contribution along with employer\u2019s contribution and interest; or (c) Actual cost towards acquisition of the site<\/td><\/tr><tr><td>Purchase of house \/ Construction of house<\/td><td>After 5 years of EPF membership<\/td><td>House should in the name of individual and \/ or spouse<\/td><td>Least of the following: (a) 36 months\u2019 basic wages and dearness allowance of member; or (b) Member\u2019s share of contribution along with employer\u2019s contribution and interest or; (c) Total cost of construction<\/td><\/tr><tr><td>Renovation of house<\/td><td>After 5 years from the date of completion of the of the house<\/td><td>House should in the name of individual and \/ or spouse<\/td><td>Least of the following: (a) 12 months\u2019 basic wages and dearness allowance of member; or (b) Member\u2019s share of contribution along with interest<\/td><\/tr><tr><td>Medical emergency (For e.g. cancer, TB etc.)<\/td><td>&#8211;<\/td><td>For specified medical treatment of self and family member<\/td><td>Least of the following: (a) 6 months\u2019 basic wages and dearness allowance of member; or (b) Member\u2019s share of contribution with interest<\/td><\/tr><tr><td>Non-receipt of wages<\/td><td>&#8211;<\/td><td>Employee has not received wages for more than 2 months continuously (for reasons other than strike)<\/td><td>Employee share with interest<\/td><\/tr><tr><td>Job loss<\/td><td>&#8211;<\/td><td>Un-employed for a continuous period of not less than a month<\/td><td>Up to 75% of the EPF balance i.e. member\u2019s share, employer\u2019s share and interest<br \/><br \/>Balance 25% can be withdrawn after remaining unemployed for continuous period of two months<\/td><\/tr><tr><td>To meet pandemic related financial exigencies (For e.g. Coronavirus)<\/td><td>&#8211;<\/td><td>If the area is declared to be affected by epidemic or pandemic<\/td><td>Least of the following: (a) 3 months\u2019 basic wages and dearness allowance of member; or (b) 75% of EPF balance i.e. member\u2019s share, employer\u2019s share and interest<\/td><\/tr><tr><td>Repayment of housing loan<\/td><td>After 10 years of EPF membership<\/td><td>Loan should in the name of individual and \/ or spouse<\/td><td>Least of the following: (a) 36 months\u2019 basic wages and dearness allowance of member; or (b) Member\u2019s share of contribution along with employer\u2019s share of contribution (c) Amount of outstanding principal and interest of the said loanincluding the interest; or<\/td><\/tr><tr><td>Withdrawal within one year before the retirement<\/td><td>After attainment of 54 years of age by the member or; Within 1 year before his\/ her actual retirement on superannuation, whichever is later<\/td><td>Any purpose<\/td><td>Upto 90% of the EPF balance i.e. member\u2019s share, employer\u2019s share and interest<\/td><\/tr><tr><td>Withdrawal for investment in Varishtha Pension Bima Yojana<\/td><td>After attaining the age of 55 years<\/td><td>Amount to be transferred to the Life Insurance Corporation of India for investment in Varishtha Pension Bima Yojana<\/td><td>Upto 90% of the EPF balance i.e. member\u2019s share, employer\u2019s share and interest<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n<p>Other than the above mentioned reasons, an individual can also claim applicable advance or withdrawal from the EPF account under the following circumstances:<\/p>\n\n\n<p>a. Withdrawal\/ financing for purchase of house or construction of house including acquisition of site from the Central Government, State Government or a Housing Agency under a notified Housing Scheme;<br \/>b. Withdrawal\/ financing for purchase of house or construction of house including acquisition of site from the Central Government, State Government or a Housing Agency under a notified Housing Scheme &#8211; for a member of a co-operative society or a registered society having 10 or more members;<br \/>c. Where establishment has been locked out or closed down for more than 15 days and the employees are unemployed without any compensation;<br \/>d. Where member is discharged or dismissed or retrenched by the employer and such discharge or dismissal or retrenchment is challenged by the employee in a court;<br \/>e. Where establishment has been locked out or closed down for more than 6 months and the employees continue to remain unemployed without any compensation;<br \/>f. Where member is affected by calamity of exceptional nature such as floods, earthquake or riots;<br \/>g. Where members are affected by cut in the supply of electricity in the establishment;<br \/>h. For purchase of the equipment required by physically handicapped member.<\/p>\n\n\n<p><strong>Documents required for filing claim online<\/strong><br \/>Gupta says &#8220;To file an EPF withdrawal claim online, you are not required to submit any documents, however, the scanned copy of cheque\/ passbook has to be uploaded on the Member e-Sewa portal.&#8221;<\/p>\n\n\n<p>He adds, &#8220;The bank account number, IFSC and name should be visible on the scanned copy of the cheque and should be readable. EPFO can reject the claim application if the scanned copy of the cheque is not readable.&#8221;<\/p>\n\n\n<p><strong>Checklist to file withdrawal from EPF account online<\/strong><br \/>Once you have ensured that the conditions (minimum membership requirement, etc.) for the purpose for which claim is being filed are satisfied, certain additional eligibility conditions must be satisfied to be eligible for filing a claim online.<\/p>\n\n\n<p>These conditions are as follows:<br \/>A) Universal Account Number (UAN) must be activated;<br \/>B) Aadhaar number should be linked and verified with UAN;<br \/>C) Bank account with correct IFSC should be seeded with UAN;<br \/>D) EPF account must be KYC-compliant;<br \/>E) Mobile number linked with Aadhaar should be active;<br \/>F) In case of retirement, correct date of birth should be updated in the EPFO records.<\/p>\n\n\n<p>Gupta says &#8220;It is important to have the correct date of birth seeded in the records of EPFO for availing the Provident Fund and Pension benefits.&#8221;<\/p>\n\n\n<p><strong>Step-by-step guide to file EPF withdrawal claim online<\/strong><br \/>Step 1: Visit Member e-Sewa portal https:\/\/unifiedportal-mem.epfindia.gov.in\/memberinterface\/ on the EPFO portal<\/p>\n\n\n<p>Step 2: Log in to your account by entering UAN, password and captcha code<\/p>\n\n\n<p>Step 3: Once logged in, click on &#8216;Claim (Form-31, 19, 10C &amp; 10D)&#8217; under the &#8216;Online Services&#8217; tab.<\/p>\n\n\n<p>Step 4: A new tab will open where you will be required to enter the correct bank account number (seeded with UAN). Click on verify.<\/p>\n\n\n<p>Step 5: Once your bank account details are verified, you will be required to confirm terms and conditions as stated by the EPFO.<\/p>\n\n\n<p>Step 6: Click on &#8216;Proceed For Online Claim&#8217;.<\/p>\n\n\n<p>Step 7: From the drop-down menu, you will be required to select the reason for applying for withdrawal from your EPF account. Only those options will be visible for which you are eligible.<\/p>\n\n\n<p>Suppose, if you are applying for advance for purchase of a house, then ensure that you have completed five years of EPF membership and other specified conditions. Similarly, in case where the claim is filed due to job-loss, then ensure that date of exit is updated in EPFO records before filing a claim.<\/p>\n\n\n<p>Step 8: Once the reason for withdrawal\/advance is selected, you will be required to enter your complete address. For an advance claim, the amount to be claimed is also to be stated. The individual will be required to upload the scanned copy of cheque\/ passbook. Do make sure that the scanned copy of cheque\/ passbook uploaded is as per the instructions provided by the EPFO. Select the terms and conditions once again. Click on &#8216;Get Aadhaar OTP&#8217;.<\/p>\n\n\n<p>Step 9: A one-time password (OTP) will be sent to your mobile number registered with Aadhaar. Enter the OTP in the required box.<\/p>\n\n\n<p>Once the OTP is entered successfully, then your claim application will be submitted.<\/p>\n\n\n<p><strong>Tracking your claim status<\/strong><br \/>To track the status of your claim, you can log in to your account on the Member e-Sewa portal. The status can be tracked in &#8216;Track Claim Status&#8217; under the &#8216;Online Services&#8217; tab.<\/p>\n\n\n<p>After the submission of your withdrawal claim, the EPFO will match the data in its records from the data submitted by you in your online claim form. Once the data matches, the EPFO will process the application and credit the money to your bank account linked with UAN.<\/p>\n\n\n<p><strong>Points to note<\/strong><\/p>\n\n\n<ul class=\"wp-block-list\"><li>The online process to file a claim from your EPF account can be done only if your PF money is held with the EPFO.<\/li><li>If your PF money is managed by a private trust or your organisation is an exempted organisation, then you have to file the claim process with your employer.<\/li><\/ul>\n\n\n<h3 class=\"wp-block-heading\">Steps to enter exit date and withdraw your pf easily<\/h3>\n\n\n<p>If the withdrawal of your Provident Fund (PF) is getting delayed, then it may happen due to the exit date not being mentioned. Hence, in order to avoid this, The Employees\u2019 Provident Fund Organisation (EPFO) has come up with a facility in the Unified Portal where the employee can enter the date of exit from the previous employer by himself. Prior to this only the employer could enter the exit date, but now even employees can enter the date of exit.<\/p>\n\n\n<p>You can change the exit date by logging to the UAN portal using your Unified Account Number (UAN) and password. However, you must check whether the exit date is mentioned by clicking on \u2018Service History\u2019 under \u2018View\u2019 on the top panel.<\/p>\n\n\n<p>Given below are the steps you will have to follow in order to enter the Exit Date:<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Log in to your UAN portal using your Unified Account Number and Password<\/li><li>On the top panel, click on \u2018Manage\u2019 and click on \u2018Mark Exit\u2019 located under it<\/li><li>From the drop-down option choose the employer<\/li><li>You will be directed to a new page where you will have to enter your date of birth, date of joining, and date of exit. Mention the date of exit as the one mentioned in your resignation letter if your exit date is before the 15th day of the month<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\">Tax-Free Limit for PF Withdrawals<\/h2>\n\n\n<p>When you make PF withdrawals, you can enjoy tax exemptions. However, this is applicable only when you make a withdrawal after offering 5 years of continuous service. It is also determined by the tax slab that is applicable to you. If you withdraw your\u00a0PF balance\u00a0before the completion of 5 years, then tax deducted at source (TDS) or tax will be applied on your funds.<\/p>\n\n\n<p>However, no tax will be levied on EPF withdrawals before 5 years in certain cases depending on the situation. They are:<\/p>\n\n\n<ul class=\"wp-block-list\"><li>When you need to withdraw funds for medical emergencies or health issues that cannot be avoided<\/li><li>When your full PF amount is lower than Rs.50,000<\/li><li>When you withdraw your PF balance with Form 15G or Form 15H (If you submit PAN, then there will be a TDS at 10%)<\/li><li>When you transfer your PF balance from a PF account to another account<\/li><li>When the employer\u2019s business is withdrawn<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\">Online Grievances Portal for PF Withdrawal<\/h2>\n\n\n<p>If you want to register any grievance regarding the services provided by the EPFO, you can visit the\u00a0EPF grievance\u00a0management system online. In this system, you can file a grievance, send a reminder, check the status of your complaint or grievance, upload your grievance document, or even change your password.<\/p>\n\n\n<h3 class=\"wp-block-heading\">How to register a grievance?<\/h3>\n\n\n<ul class=\"wp-block-list\"><li>You will have to go the EPFO Grievance Management System and click on \u2018Register Grievance\u2019.<\/li><li>You will then see a grievance registration form. Here, you will have to fill all the required fields accurately.<\/li><li>You will need to choose your status from the drop-down option.<\/li><li>Next, you will have to key in your&nbsp;<a href=\"https:\/\/www.bankbazaar.com\/saving-schemes\/all-about-the-employee-pf-account-number.html\" target=\"_blank\" rel=\"noreferrer noopener\">PF number<\/a>, your establishment, address of establishment, name of complainant, contact details, grievance details, etc. You can then enter the captcha code and click \u2018Submit\u2019.<\/li><\/ul>\n\n\n<h3 class=\"wp-block-heading\">Types of EPFO grievances<\/h3>\n\n\n<p>You can register a grievance when you face issues associated with:<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Return of cheque or misplacement of cheque<\/li><li>Scheme certificate (10C)<\/li><li>Transfer of your PF accumulations (F-13)<\/li><li>Settlement of your pension (10-D)<\/li><li>Provision of PF balance or PF slip<\/li><li>Others<\/li><\/ul>\n\n\n<p>You can file a grievance online and then check its status on the portal itself. In case your complaint is not resolved within the stipulated period of time, you can send a reminder to them by clicking on \u2018Send Reminder\u2019. Here, you will need to enter your grievance registration number and password (if you have any).<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"types\">Types of PF Withdrawals<\/h2>\n\n\n<p>Subscribers can make three different types of PF withdrawals on the\u00a0EPFO member portal. They are:<\/p>\n\n\n<ul class=\"wp-block-list\"><li>PF final settlement<\/li><li>PF partial withdrawal<\/li><li>Pension withdrawal benefit<\/li><\/ul>\n\n\n<p>Subscribers can make the above-listed withdrawals on the EPFO member portal with the attestation of their employer if they have seeded their Aadhaar card details with their UAN.<\/p>\n\n\n<h2 class=\"wp-block-heading\">PF Withdrawal Rules<\/h2>\n\n\n<p>In order to ensure that employees continue to be enrolled in the scheme and avoid making withdrawals from their PF corpus and instead save it for the future or for retirement, EPFO has listed a number of&nbsp;<strong>PF withdrawal rules<\/strong>. They are as follows.<\/p>\n\n\n<ul class=\"wp-block-list\"><li>All withdrawals made before completion of 5 years of continuous service are subject to tax. Withdrawals after completion of 5 years of continuous service in the EPF are tax-free.<\/li><li>In case the employee was terminated or is unemployed as a result of ill-health and so on, withdrawals will not attract tax.<\/li><li>If the employee makes a withdrawal before the completion of 5 continuous years in the scheme, the principal amount as well as the interest accrued, is subject to tax. That said, the amount will be taxable in the current financial year.<\/li><li>For withdrawals before completion of 5 continuous years towards the scheme, the employee will be taxed 30% of the principal amount and the interest accrued if he\/she has not submitted their PAN to the EPFO authorities. If the employee has submitted his\/her PAN details to the EPFO authorities, 10% TDS (tax deducted at source) will be applicable.<\/li><li>Funds transferred from one\u2019s PF account towards the National Pension Scheme (<a href=\"https:\/\/www.bankbazaar.com\/saving-schemes\/nps.html\" target=\"_blank\" rel=\"noreferrer noopener\">NPS<\/a>) will not attract tax when one makes a withdrawal.<\/li><li>If the employee shifts jobs and in the process has different PF account, it will be considered as continuous service to the scheme provided there has been no gap in contributions.<\/li><li>Employees have to facilitate the use of the Composite Claims Form to make a partial withdrawal or a final settlement claim.<\/li><li>If the employee has seeded his\/her Aadhaar card details with their UAN, they can submit the Composite Claims Form to make a withdrawal directly to the EPFO without the requirement of the attestation of their employer. Those who have not seeded their Aadhaar card details with their UAN have to submit the Composite Claims Form with the attestation of their employer to make a withdrawal.<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\">PF Withdrawal Procedure<\/h2>\n\n\n<p>With the amendments made by the Employees\u2019 Provident Fund Organization (EPFO), now subscribers to the scheme do not require the attestation of their employer to make a partial or complete withdrawal. All that the subscriber has to ensure is that his\/her UAN is seeded with their\u00a0Aadhaar card\u00a0details. The EPFO has also rolled out the Composite Claims Form, which can be used to request for a partial or complete withdrawal. Subscribers can carry out the whole process of making a withdrawal online either on the EPFO member portal or on the UAN portal.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"claim-forms\">PF Withdrawal Claim Forms<\/h2>\n\n\n<p>The PF Withdrawal Claim Forms that need to be submitted to withdraw the provident fund or pension fund vary based on the age, reason for making the claim, and whether or not the employee is still in service. Earlier, Form 19,\u00a0Form 31, and Form 10C were used to make withdrawals. But recently, a composite claim form has replaced the above-mentioned forms. The forms that required the UAN details of the employee have now been replaced with a composite claim form that requires the Aadhaar details of the employee.<\/p>\n\n\n<p>As mentioned earlier, the\u00a0PF claim form\u00a0that needs to be submitted varies based on certain criteria.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"criteria\">Criteria&#8217;s for PF Withdrawal<\/h2>\n\n\n<p>1. When an employee is still under service<\/p>\n\n\n<ul class=\"wp-block-list\"><li>If he\/she wishes to take an advance from the PF account, the composite claim form (Aadhaar\/Non-Aadhaar) has to be submitted.<\/li><li>If he\/she wishes to finance his\/her LIC policy through the PF account, Form 14 has to be submitted.<\/li><li>If he\/she has crossed 58 years of age and wishes to claim the pension fund.<\/li><li>Form 10D should be applied for a monthly pension if 10 years of eligible service has been completed.<\/li><li>The composite claim form (Aadhaar\/Non-Aadhaar) should be submitted if 10 years of eligible service has not been completed.<\/li><\/ul>\n\n\n<p>2. When an employee switches the job<\/p>\n\n\n<ul class=\"wp-block-list\"><li>And wishes to\u00a0transfer EPF\u00a0account, Form 13 should be applied<\/li><li>When an employee leaves an establishment and doesn\u2019t join another<\/li><li>He\/she can make a PF and pension fund claim using the composite claim form (Aadhar\/Non-Aadhar)<\/li><li>Is above the age of 58, and has completed 10 years of eligible service, he\/she can make a PF claim using the composite claim form (Aadhaar\/Non-Aadhaar) and a pension claim using Form 10D<\/li><\/ul>\n\n\n<p>3. When an employee leaves an establishment due to a physical disability<\/p>\n\n\n<ul class=\"wp-block-list\"><li>He\/she can make a PF claim using composite claim form (Aadhaar\/Non-Aadhaar).<\/li><li>He\/she can make a pension claim using Form 10D.<\/li><li>Is above the age of 58 and has not completed 10 years of eligible service, he\/she can make the PF and pension claim using the composite claim form (Aadhaar\/Non-Aadhaar).<\/li><\/ul>\n\n\n<p>4. When an employee is deceased while in service<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Before the age of 58 while still in service, the nominee\/heir\/beneficiary can apply for the PF settlement using Form 20, monthly pension using Form 10D, and&nbsp;<a href=\"https:\/\/www.bankbazaar.com\/saving-schemes\/employees-deposit-linked-insurance-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">EDLI<\/a>&nbsp;(Employees\u2019 Deposit Linked Insurance) amount using Form 5IF.<\/li><li>After the age of 58 and had completed 10 years of eligible service, the nominee\/heir\/beneficiary can claim the PF using Form 20, the pension using Form 10D, and the EDLI amount using Form 5IF.<\/li><li>After the age of 58 and had not completed 10 years of eligible service, the nominee\/heir\/beneficiary can make the PF settlement using Form 20, withdraw the pension using the composite claim form (Aadhaar\/Non-Aadhaar), and claim the EDLI amount using Form 5IF.<\/li><\/ul>\n\n\n<p>5. When an employee is deceased<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Before the age of 58, the nominee\/heir\/beneficiary may claim the PF amount through Form 20, and pension amount through Form 10D.<\/li><li>After the age of 58 and had completed 10 years of eligible service, the nominee\/heir\/beneficiary can claim the PF amount using Form 20, and the pension amount using Form 10D.<\/li><li>After the age of 58 and had not completed 10 years of eligible service at the age of 58, the nominee, heir or beneficiary can apply for a final\u00a0PF settlement\u00a0using Form 20 and for the pension fund using the composite claim form (Aadhaar\/Non-Aadhaar).<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\" id=\"reasons\">Reasons for PF withdrawal<\/h2>\n\n\n<p><strong>The situations under which you can go ahead and withdraw money from your EPF while you are still working<\/strong><\/p>\n\n\n<ol class=\"wp-block-list\"><li>Medical Treatment<\/li><li>Marriage purposes<\/li><li>Construction of house or purchase of property<\/li><li>Repaying the existing home loan<\/li><li>Education purposes<\/li><li>Alterations or repairs for your house<\/li><\/ol>\n\n\n<p><strong>1. Medical Treatment<\/strong><\/p>\n\n\n<p>In case you are covered by a health insurance policy, then you are all good. But, if you do not have one and in that situation you need to be hospitalised, you might be shelling out a huge amount of your hard earned money. However, in a time like that, your money in the EPF can really help you out. You may&nbsp;<strong>withdraw money from your EPF account<\/strong>&nbsp;for any of the three reasons provided below. However, please, do keep this in mind that can choose only one situation and not all of them.<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Any major surgery in a particular hospital<\/li><li>The hospitalisation period is more than a month<\/li><li>The individual is suffering from Tuberculosis, Leprosy, Cancer, Mental Derangement, Paralysis, heart problems, etc. and is on leave that has been granted by the employer for the mentioned illness<\/li><\/ul>\n\n\n<p>You can actually withdraw the money in EPF at any given time during the period of your service. It is not needed that you have a complete a specific number of years in the organisation to claim that money. You can always draw the money for treatment purposes, even if you have completed one or two years in your present organisation.<\/p>\n\n\n<p>You must also remember that the maximum amount that can be availed by you is your six months\u2019 salary. This amount may not be very big but still it will offer you some help that you might need in a crisis situation. Not only can this advantage be taken anytime, but also, it can be enjoy as many times as you want. Thus, your PF will save you for sure.<\/p>\n\n\n<p>Certain documents must be provided by you along with the Form 31<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Your employer must give a certificate stating the insurance scheme offered by him and the benefits that are not available for the member. If not this, then the member must provide a certificate issued by Employees\u2019 State Insurance Corporation that would state that fact that the member can no longer avail the cash benefits provided by the Employees\u2019 Insurance Scheme<\/li><li>The doctor must certify that hospitalisation for a period of one month is required in the case. Also, if there is a requirement for surgery, that must also be stated by the doctor in that certificate<\/li><\/ul>\n\n\n<p><strong>2. Marriage Purposes<\/strong><\/p>\n\n\n<p>Money from your EPF can be withdrawn for an occasion like marriage in case you have already completed seven years of your service life. You can use up to 50 % of the amount that is there in your EPF account and you can enjoy this advantage for a maximum of three times. So, let us consider that you have around INR 5 lacs in your EPF account. However, you must not calculate the entire amount when you wish to withdraw it for your marriage purposes. Just your own\u00a0contribution towards EPF\u00a0along the interest accumulated on it is supposed to be calculated by you. Applicable cases are as follows.<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Your wedding<\/li><li>Son\u2019s wedding or daughter\u2019s wedding<\/li><li>Brother\u2019s wedding or sister\u2019s wedding<\/li><\/ul>\n\n\n<p><strong>3. Construction of house or purchase of property<\/strong><\/p>\n\n\n<p>You can withdraw some money from the EPF when you are planning to purchase a house or construct a house. However, you must understand a few rules first.<\/p>\n\n\n<ul class=\"wp-block-list\"><li>The land or house that you wish to purchase must be on your name, your spouse\u2019s name or jointly in both your names. Any other combination will not be allowed<\/li><li>You must have completed a period of 5 years in your service<\/li><li>The maximum amount that you can avail from your EPF account is 24 times your monthly salary<\/li><\/ul>\n\n\n<p>If the property that you intend to purchase is in question then it should first become free from all related disputes. The property must be a registered one and the proof of the registration must also be provided.<\/p>\n\n\n<p><strong>4. Repaying the existing home loan<\/strong><\/p>\n\n\n<p>If you have taken a home loan and wish to prepay it then you may withdraw some amount from your EPF. But to avail this benefit you must have completed ten years of your service. However, you can only avail this advantage once in your entire lifetime. Also, you can either use the EPF for purchasing house or property or for repayment of present home loan. You cannot avail money for both of them.<\/p>\n\n\n<p>The property for which you are making the payment must be in your name, your spouse\u2019s name or jointly held by both of you. Many people have joint home loans with their siblings or parents. In such cases, you will not be able to avail this particular benefit. An amount equivalent to 36 times your monthly salary can be availed from the EPF for the repayment of the existing home loan.<\/p>\n\n\n<p><strong>5. Education purposes<\/strong><\/p>\n\n\n<p>Some money from your EPF can be withdrawn for Education purposes. This advantage can be availed only for post matriculation educational expenditures. This means, if you admit your daughter or son to any university or college then you will be able to draw money from the EPF account. You must complete seven years in your service before you can avail this benefit.<\/p>\n\n\n<p><strong>6. Alteration or Repairs of your house<\/strong><\/p>\n\n\n<p>After several years of staying in a house, you might think that it needs some repairs. Some alterations can also be an option which will make things convenient for you. But this is a costly affair and could very well burn a hole in your pocket. You can avail some money from the EPF for this purpose. But first you need to know some rules.<\/p>\n\n\n<ul class=\"wp-block-list\"><li>You can withdraw and enjoy a maximum of 12 times your monthly salary<\/li><li>From the date of construction, the house that you wish to repair must be at least five years old<\/li><li>You must have completed a period of ten years in your service life<\/li><li>This particular facility can be availed only once in the entire lifetime<\/li><li>The house that you wish you repair must be under your name, your spouse\u2019s name or jointly under both of your names<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\">Other reasons for withdrawing money from EPF<\/h2>\n\n\n<ul class=\"wp-block-list\"><li>If the member has reached the age of retirement.<\/li><li>If they have been unemployed for a duration of more than 60 days or two months.<\/li><li>If they wish to move permanently abroad.<\/li><li>If a female employee is resigning due to reasons such as pregnancy, childbirth, getting married, etc.<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\" id=\"limits\">Limits of EPF Partial Withdrawal<\/h2>\n\n\n<p>Employees can make withdrawals based on the below-listed circumstances. Listed below are the withdrawal purpose, the minimum service requirement to be eligible to make the withdrawal, the PF withdrawal limit and the relations for who the employee can make the withdrawal.<\/p>\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>PF withdrawal reason<\/strong><\/th><th><strong>Minimum service<\/strong><\/th><th><strong>PF Withdrawal Limit<\/strong><\/th><th><strong>Relations<\/strong><\/th><\/tr><\/thead><tbody><tr><td>House Construction or purchase of plot<\/td><td>5 years<\/td><td>24 times the monthly salary for purchasing\/36 times the monthly salary for purchase and construction, or the cost of the property or the total of employee and employer\u2019s shares with the interest amount, whichever is less<\/td><td>The PF account holder and spouse or joint<\/td><\/tr><tr><td>Home Loan Repayment<\/td><td>3 years<\/td><td>90% of PF balance<\/td><td>The PF account holder and spouse or joint<\/td><\/tr><tr><td>House renovation or alteration<\/td><td>5 years from completion of construction of a house<\/td><td>12 times the monthly salary<\/td><td>The PF account holder and spouse or joint<\/td><\/tr><tr><td>Marriage<\/td><td>7 years<\/td><td>50% of the employee\u2019s contribution with interest<\/td><td>The PF account holder, siblings, and children<\/td><\/tr><tr><td>Medical treatment<\/td><td>Not required<\/td><td>Employee\u2019s share with interest or 6 times the monthly salary, whichever is lower<\/td><td>The PF account holder, parents, spouse, or children<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n<h2 class=\"wp-block-heading\">Requirements for PF Withdrawal<\/h2>\n\n\n<p>To ensure the process of making a withdrawal is seamless, subscribers have to meet the requirements that are listed below, if they wish to carry out a withdrawal without the attestation of their employer.<\/p>\n\n\n<ul class=\"wp-block-list\"><li>Subscribers have to ensure that their UAN is active and their mobile number is seeded with their PF account.<\/li><li>The PF member should also seed his\/her Aadhaar card details with their PF account.<\/li><li>The member\u2019s bank account details and the bank\u2019s IFSC code has to be integrated as well.<\/li><li>For final settlements prior to completion of 5 years in the EPF scheme, the member will be required to seed his\/her PAN details.<\/li><li>Check out for more about PF Withdrawal Guidelines<\/li><\/ul>\n\n\n<h2 class=\"wp-block-heading\">Rules pertaining to EPF<\/h2>\n\n\n<p>Contributions from employees as well as employers add to the EPF. However, unlike what is commonly thought to be, the entire portion of contribution from an employer doesn\u2019t go exclusively towards the EPF. The division of funds are mentioned as follows \u2013<\/p>\n\n\n<ol class=\"wp-block-list\"><li>12% of Salary of Employee goes directly towards EPF<\/li><li>12% of Salary of Employer is divided as follows \u2013<ul><li>3.67% of contribution towards EPF<\/li><li>1.1% of contribution towards EPF Administration Charges<\/li><li>0.5% of contribution towards Employees\u2019 Deposit Linked Insurance (EDLI)<\/li><li>0.01% of contribution towards EDLI Administration Charges<\/li><li>8.33% of contribution towards&nbsp;<a href=\"https:\/\/www.bankbazaar.com\/saving-schemes\/guide-to-understanding-the-employee-pension-scheme.html\" target=\"_blank\" rel=\"noreferrer noopener\">Employees\u2019 Pension Scheme<\/a><\/li><\/ul><\/li><\/ol>\n\n\n<p><strong>As per the latest changes made to the EPF rules, the following should be borne in mind \u2013<\/strong><\/p><div class=\"advads-content\" id=\"advads-114413883\"><div style=\"width: 300px; padding: 20px; margin: 0 auto; border: 1px solid #ddd; border-radius: 8px; background-color: #f9f9f9; text-align: center; font-family: Arial, sans-serif;\">\r\n    <p style=\"font-size: 16px; margin: 0 0 10px;\">Need Information or Confused about Something ? <\/p>\r\n    <a href=\"https:\/\/onlineapplications.co.za\/ask\/\" style=\"display: inline-block; padding: 10px 20px; background-color: #007BFF; color: #fff; text-decoration: none; border-radius: 4px; transition: background-color 0.3s;\">Ask a Question<\/a>\r\n<\/div>\r\n<\/div><div class=\"advads-btf\" style=\"margin-top: 15px;margin-bottom: 20px;\" id=\"advads-3898947019\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-9198760278752355\"\n     crossorigin=\"anonymous\"><\/script>\n<!-- Responsive ads btf -->\n<ins class=\"adsbygoogle\"\n     style=\"display:block\"\n     data-ad-client=\"ca-pub-9198760278752355\"\n     data-ad-slot=\"5513273173\"\n     data-ad-format=\"auto\"\n     data-full-width-responsive=\"true\"><\/ins>\n<script>\n     (adsbygoogle = window.adsbygoogle || []).push({});\n<\/script><\/div>\n\n\n<ul class=\"wp-block-list\"><li><strong>Revision of minimum salary limits \u2013<\/strong>&nbsp;Earlier, an employee having salary below INR 6500 per month had to mandatory contribute towards EPF. The minimum salary limit has been revised to INR 15000. Thus, employees with monthly salaries less than or equal to INR 15000 now have to contribute mandatory towards EPF.<\/li><li><strong>Changes to pension amount \u2013<\/strong>&nbsp;The minimum monthly pension amount has been now set at INR 1000 for the widow of a member of the Employees\u2019 Provident Fund. For children and orphans, it has been set at INR 250 and INR 750 per month respectively. The pension amount henceforth will be calculated as per the average salary of the last 60 months, instead of 12 months.<\/li><li><strong>Insurance Coverage \u2013<\/strong>&nbsp;The initial coverage amount under EPS had been INR 156,000. As per the recent changes, this amount has now been increased to INR 300,000 per member.<\/li><li><strong>Employer Contribution towards EPS \u2013<\/strong>&nbsp;Due to the change in the minimum salary amounts, employer contribution has increased to INR 1250 per month towards EPS irrespective of if the salary is below or above INR 15000 per month.<\/li><li><strong>Change in threshold limit \u2013<\/strong>&nbsp;Instead of 20 employees per organization as the minimum group size, 10 employees in an organization will be considered eligible for EPF contribution.<\/li><li><strong>Withdrawals \u2013<\/strong>&nbsp;Withdrawals can be made from an EPF account through claim forms for financing an insurance policy, buying or building a house and a few other acceptable situations as per the EPFO.<\/li><\/ul>\n<div class=\"advads-cpc\" id=\"advads-615176613\"><p>&nbsp;<\/p>\n<hr \/>\n<p>Sponsored Guide<\/p>\n<hr \/>\n<p><strong>Complete Guide to NSFAS Online Loan Application for South African Students (2025)<\/strong><\/p>\n<p>If you are a South African student looking to pursue higher education but are facing financial difficulties, the <strong>National Student Financial Aid Scheme (NSFAS)<\/strong> is one of the most accessible funding options available. NSFAS provides financial aid in the form of <strong>bursaries and loans<\/strong> to qualifying students at public universities and TVET colleges in South Africa.<\/p>\n<p>This guide will walk you through <strong>everything you need to know about the NSFAS loan application process<\/strong>, from eligibility requirements to application steps and frequently asked questions.<\/p>\n<hr \/>\n<h2>\ud83d\udccc What is NSFAS?<\/h2>\n<p>The <strong>National Student Financial Aid Scheme (NSFAS)<\/strong> is a government-funded financial aid scheme aimed at helping students from low- and middle-income households to access tertiary education without the burden of upfront fees.<\/p>\n<p>NSFAS <strong>offers both bursaries and income-contingent loans<\/strong>:<\/p>\n<ul>\n<li><strong>Bursaries<\/strong>: For eligible students who meet academic and household income criteria (especially for TVET and university students).<\/li>\n<li><strong>Loans<\/strong>: For students who do not meet all bursary criteria or who are pursuing postgraduate qualifications not funded under bursary schemes.<\/li>\n<\/ul>\n<hr \/>\n<h2>\u2705 Who Qualifies for an NSFAS Loan?<\/h2>\n<p>To qualify for an NSFAS loan (especially for postgraduate students or programs not funded under the bursary system), you must:<\/p>\n<ul>\n<li>Be a <strong>South African citizen<\/strong>.<\/li>\n<li>Be <strong>financially needy<\/strong>, with a household income of <strong>less than R350,000 per year<\/strong>.<\/li>\n<li>Have a <strong>valid South African ID<\/strong>.<\/li>\n<li>Be <strong>enrolled or accepted<\/strong> to study at a <strong>public university or TVET college<\/strong>.<\/li>\n<li>Not be funded through another bursary program that covers all expenses.<\/li>\n<li>Maintain satisfactory <strong>academic progress<\/strong> (returning students).<\/li>\n<\/ul>\n<hr \/>\n<h2>\ud83d\udcda Courses Funded by NSFAS<\/h2>\n<p>NSFAS primarily funds <strong>undergraduate qualifications<\/strong>, but certain <strong>postgraduate programs (e.g., PGCE, postgraduate diplomas in education, and professional courses like LLB)<\/strong> may be considered under the <strong>NSFAS loan scheme<\/strong>, not bursaries.<\/p>\n<p>If you\u2019re studying:<\/p>\n<ul>\n<li><strong>Undergraduate degree or diploma<\/strong>: You are likely eligible for a full NSFAS bursary.<\/li>\n<li><strong>Postgraduate study<\/strong>: You may qualify for a loan, depending on the course and funding availability.<\/li>\n<\/ul>\n<hr \/>\n<h2>\ud83d\udcc4 Required Documents for NSFAS Application<\/h2>\n<p>When applying, make sure you have the following documents scanned and ready:<\/p>\n<ol>\n<li><strong>Certified copy of your South African ID or Smart Card<\/strong>.<\/li>\n<li><strong>Parent(s) or guardian(s) ID documents<\/strong>.<\/li>\n<li><strong>Proof of income<\/strong> (latest payslips, UIF, or affidavit if unemployed).<\/li>\n<li><strong>Consent Form<\/strong> signed by your parent(s)\/guardian(s) to allow NSFAS to verify income.<\/li>\n<li><strong>Proof of registration or acceptance at a public institution<\/strong>.<\/li>\n<li><strong>Academic transcripts<\/strong> (for continuing or postgraduate students).<\/li>\n<\/ol>\n<hr \/>\n<h2>\ud83d\udda5\ufe0f How to Apply for an NSFAS Loan Online<\/h2>\n<h3>Step-by-Step NSFAS Online Application Process (2025)<\/h3>\n<ol>\n<li>\n<h3><strong>Visit the NSFAS Website<\/strong><\/h3>\n<p>Go to: <a href=\"https:\/\/www.nsfas.org.za\/\">https:\/\/www.nsfas.org.za<\/a><\/li>\n<li>\n<h3><strong>Create an Account<\/strong><\/h3>\n<ul>\n<li>Click on <strong>\u201cMyNSFAS\u201d<\/strong> and register your profile.<\/li>\n<li>You\u2019ll need a <strong>valid email address<\/strong> and <strong>South African cellphone number<\/strong>.<\/li>\n<li>Choose a strong password and verify your account via email or SMS.<\/li>\n<\/ul>\n<\/li>\n<li>\n<h3><strong>Login and Start the Application<\/strong><\/h3>\n<ul>\n<li>After registration, log in to your <strong>MyNSFAS<\/strong> account.<\/li>\n<li>Click on <strong>\u201cApply\u201d<\/strong> to begin a new application.<\/li>\n<\/ul>\n<\/li>\n<li>\n<h3><strong>Fill in Your Personal Details<\/strong><\/h3>\n<ul>\n<li>Input your <strong>ID number<\/strong>, name, surname, and other details exactly as they appear on your ID.<\/li>\n<li>Provide <strong>household income information<\/strong> and living arrangements.<\/li>\n<\/ul>\n<\/li>\n<li>\n<h3><strong>Upload Required Documents<\/strong><\/h3>\n<ul>\n<li>Upload all supporting documents in <strong>PDF or JPEG format<\/strong>.<\/li>\n<li>Each document must be clear and under the size limit specified.<\/li>\n<\/ul>\n<\/li>\n<li>\n<h3><strong>Submit Your Application<\/strong><\/h3>\n<ul>\n<li>Review your application for accuracy.<\/li>\n<li>Click <strong>\u201cSubmit\u201d<\/strong> and wait for a confirmation message.<\/li>\n<\/ul>\n<\/li>\n<li>\n<h3><strong>Track Your Application<\/strong><\/h3>\n<ul>\n<li>Log in regularly to check your application status.<\/li>\n<li>You will be notified via SMS and email at each stage of the process.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<hr \/>\n<h2>\ud83d\uddd3\ufe0f Important NSFAS Dates (2025)<\/h2>\n<ul>\n<li><strong>Application Opening Date<\/strong>: September 1, 2025<\/li>\n<li><strong>Application Deadline<\/strong>: January 31, 2026<\/li>\n<li><strong>Appeals Period<\/strong>: February 2026 (if rejected)<\/li>\n<li><strong>Disbursement<\/strong>: After registration and approval<\/li>\n<\/ul>\n<p><em>Note: Dates are subject to change; always confirm on the official NSFAS website.<\/em><\/p>\n<hr \/>\n<h2>\ud83d\udcb8 What Does the NSFAS Loan Cover?<\/h2>\n<p>NSFAS funding typically includes:<\/p>\n<ul>\n<li><strong>Tuition fees<\/strong><\/li>\n<li><strong>Registration fees<\/strong><\/li>\n<li><strong>Accommodation (if living away from home)<\/strong><\/li>\n<li><strong>Meals and transport<\/strong><\/li>\n<li><strong>Learning materials (e.g., textbooks)<\/strong><\/li>\n<\/ul>\n<p>For <strong>loans<\/strong>, repayment is only required <strong>once you start working and earn above a threshold<\/strong> (around R30,000 annually, but subject to change).<\/p>\n<hr \/>\n<h2>\ud83d\udd04 NSFAS Loan Repayment<\/h2>\n<p>Repayments are:<\/p>\n<ul>\n<li><strong>Income-contingent<\/strong> \u2013 you only repay when you can afford to.<\/li>\n<li>Administered by <strong>DHET (Department of Higher Education and Training)<\/strong>.<\/li>\n<li><strong>Interest-bearing<\/strong>, but interest rates are low and favorable.<\/li>\n<\/ul>\n<p>You can also apply for a <strong>partial loan conversion to a bursary<\/strong> if you perform well academically.<\/p>\n<hr \/>\n<h2>\ud83d\udd01 How to Appeal a Rejected NSFAS Application<\/h2>\n<p>If your application is rejected, you may submit an appeal via your MyNSFAS portal:<\/p>\n<ol>\n<li>Log into your MyNSFAS account.<\/li>\n<li>Click on <strong>\u201cTrack Funding Progress\u201d<\/strong>.<\/li>\n<li>If rejected, click on <strong>\u201cSubmit Appeal\u201d<\/strong>.<\/li>\n<li>Upload any missing or corrected documents.<\/li>\n<li>Provide a clear explanation or motivation.<\/li>\n<\/ol>\n<hr \/>\n<h2>\ud83d\udcf1 NSFAS Contact Information<\/h2>\n<ul>\n<li><strong>Website<\/strong>: <a href=\"https:\/\/www.nsfas.org.za\/\">https:\/\/www.nsfas.org.za<\/a><\/li>\n<li><strong>Email<\/strong>: <a href=\"mailto:info@nsfas.org.za\">info@nsfas.org.za<\/a><\/li>\n<li><strong>Toll-Free Number<\/strong>: 08000 67327 (Monday\u2013Friday, 8 AM\u20135 PM)<\/li>\n<li><strong>Twitter<\/strong>: <a href=\"https:\/\/twitter.com\/myNSFAS\">@myNSFAS<\/a><\/li>\n<li><strong>Facebook<\/strong>: <a href=\"https:\/\/www.facebook.com\/myNSFAS\">NSFAS<\/a><\/li>\n<\/ul>\n<hr \/>\n<h2>\ud83d\udcdd Final Tips Before Applying<\/h2>\n<ul>\n<li>Apply <strong>early<\/strong> to avoid system overload near the deadline.<\/li>\n<li>Use <strong>your own email and cellphone number<\/strong> (do not use someone else\u2019s).<\/li>\n<li>Double-check that all your documents are <strong>certified and legible<\/strong>.<\/li>\n<li>Keep a <strong>copy of your submission confirmation<\/strong> for reference.<\/li>\n<\/ul>\n<hr \/>\n<p>By following this guide, you can confidently apply for NSFAS funding and move one step closer to achieving your academic and career dreams\u2014without the burden of immediate financial pressure.<\/p>\n<p>&nbsp;<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>An EPF scheme member can withdraw the money from EPF scheme for various reasons like marriage, buying a house etc. prior to retirement. However, to make these withdrawals, there are certain conditions that must be met by the member. The Employees&#8217; Provident Fund (EPF) scheme rules allow you to withdraw from your EPF account for\u2026 <span class=\"read-more\"><a href=\"https:\/\/uni1.co.za\/articles\/epfo-withdrawal\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-23005","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/uni1.co.za\/articles\/wp-json\/wp\/v2\/pages\/23005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/uni1.co.za\/articles\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/uni1.co.za\/articles\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/uni1.co.za\/articles\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/uni1.co.za\/articles\/wp-json\/wp\/v2\/comments?post=23005"}],"version-history":[{"count":0,"href":"https:\/\/uni1.co.za\/articles\/wp-json\/wp\/v2\/pages\/23005\/revisions"}],"wp:attachment":[{"href":"https:\/\/uni1.co.za\/articles\/wp-json\/wp\/v2\/media?parent=23005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}