Major changes in PF Rules 2020 | New PF Rules | PF Benefits

Major changes in PF Rules 2020 | New PF Rules | PF Benefits
These major changes in PF rules in the year 2020, know what will benefit you ?

Employees do not know about the changes in their Provident Fund (PF). Also, it is important to know how to deduct PF from your salary, but they are not updated with the new rules related to it. EPFO has made several changes in PF rules this year so that PF subscribers can take advantage of this.

Employees’ Provident Fund (EPFO) is a savings option that is usually initiated by an individual at the beginning of the first job. In EPF account, 12.5% ​​of salary is contributed through both Employee and Employer. Employees’ Provident Fund (EPFO) is a savings option that is usually initiated by an individual at the beginning of the first job. In EPF account, 12.5% ​​of salary is contributed through both Employee and Employer. There are many employees who do not know about the changes in their provident fund. Also, it is important to know how to deduct PF from your salary, but they are not updated with the new rules related to it. EPFO has made several changes in PF rules this year so that PF subscribers can take advantage of this

Can i Withdraw PF Amount Offline ?

The EPFO ​​has made some changes in its rules regarding PF Amount and after this new provision you can no longer withdraw your money offline from PF. After the rule, you will not be able to withdraw money from PF manually i.e. offline mode, but here some conditions and rules are also applicable for you. If your Aadhaar number is linked to the Universal Account Number (UAN) of EPFO, then you will not be able to claim offline for withdrawal of PF. The EPFO ​​has refused to accept the offline claim in such a case. This means that if your Aadhaar is linked to UAN, then you have to claim online to get PF.

Only online claim will be settled

The EPFO has changed another rule to withdraw money. After this rule, you will not be able to manually remove PF from offline mode. Now EPFO will accept the claim form online.

Online facility to get UAN

EPFO has now introduced online facility for formal sector employees to get Universal Account Number (UAN). With this, employees will be able to get UAN by themselves online and for this they will not have to depend on their employer. Now it can be made on its own from the EPFO website.

EPF Passbook Balance – Statement – UAN

EPF Passbook Balance

EPF Passbook Balance Jan 2020 – All about |Unified Portal| |EPFO| |Passbook Balance| |EPF Statement| |UAN Member Balance| |Portal Login| |Check Online| |UAN Passbook| Everything about Employees’ Provident Fund Organisation (EPFO) passbook uan balance statement.

First of all i want to say now you can check your epf member balance through missed call facility, sms services, epf balance by uan number, epf balance without uan number & more.

HOW TO CHECK EPF BALANCE VIA EPFO PORTAL

Retirement fund body EPFO has on its website prominently displayed the link to check e-passbook. It can be found at the top right corner of the website.

STEP1. Firstly you have to logged into the official website i.e. www.epfindia.gov.in

STEP2. Now enter your PF Account Number, Registered Mobile Number and select your Regional Office from drop down menu.

STEP3. Click on to the submit button and get your provident fund (PF) details online.

STEP4. After submission of web form you get an sms on your registered mobile number that contains your pf details.

How to check EPF Balance via m-Sewa App

Subscribers can also quickly check their passbook/balances through EPFO’s app. EFPO subscribers need to click on MEMBER and thereafter Balance/Passbook and then enter their UAN number and password.

How to check EPF Balance via Missed Call

An EPF member can obtain their EPF balance, Aadhar-linking status with UAN & Bank account by giving missed call to 011-22901406 from their registered mobile number, EPFO said in a statement.

Check online EPF Balance via UMANG App

Download the UMANG app, with provides a single platform for access of government services, including EPFO’s services. Register yourself with UMANG if you are a new user.

PF Withdrawal Process

PF Withdrawal Process

PF Withdrawal Process November 2018 – |PF Withdrawal Process| |EPFO UNIFIED Portal| |Process| |Steps| |Benefits| |Online| |Offline| |Form| |Status| |Rules| |Claim Form| |Final Settlement| |Partial PF| |Pension after Retirement|. All about EPFO to withdraw PF and EPS money online.

Now it’s very good news to withdraw PF money directly transfer in your bank account. After completion of the PF process online, the money will automatically come into the bank account.

The process of withdrawing money from PF accounts is very simple and easy. You can apply online for sitting at home to get money. The time limit for settling PF clearance has been reduced from 20 days to 10 days recently.

If you are a job seeker, surely your company will deduct some amount from your salary in the name of PF. The same amount of company is filed on your behalf in your account.

Types of PF Withdrawal

The convenience of online PF is available for withdrawal of many kind, such as:

  1. To get pension after retirement
  2. To withdrawal partial PF during service
  3. After leaving the service for final settlement of PF amount

Leave the job, then wait for two months to Withdraw PF Amount

If you have left the job then you have to do a little patience. Because before 45 days, your company will not give your full end final settlement FNF. On the other hand, you will have to wait a minimum of 15 days after the application you apply. That is, it takes two months to get your pf money in your hands.

Rules to Withdrawal PF Online

Aadhaar Card

With PF’s withdrawal form, you have now been required to copy the photo of your Aadhaar card. Not only will the job number be used, you will have to give photocopy in every condition and if you suspect, your original document may also be asked for verification. Recently, the Employees Provident Fund Organization EPFO has made the base mandatory for taking benefit of PF and pension related benefits.

Pan Card

For PF withdrawal, it is now mandatory to give Permanent Account Number i.e. Photocopy of PAN Card from now on. You had to finish the job by filling the PAN number in the first ballad form but now you have to give a photocopy of a PAN card. Without this you will not get the money.

Universal Account Number (UAN)

From now on, you have become compulsory to withdraw the Universal Account Number, i.e. the photo copy of UAN, with withdrawal form to withdraw money from a PF account. Now only giving the UAN number will not work.

PF Part Withdrawal Easy

The Employees Provident Fund Organization has made rules for the clearance of provident fund very easy. Members of EPFO ​​do not have to give any supporting documentation for PF Part Withdrawal. For the Advance Claim, consumers must write just one online self-declaration. In which the mention of extracting PF part is mentioned. After this there will be an online application for claim.