Make the most of your EPF by understanding the different claim forms. Whether you're withdrawing funds, transferring your PF Account or securing a pension, knowing the right form is key.
Types of EPF claim forms
- EPF Form 2: Nomination and Declaration Form under the Employees' Provident Funds and Family Pension Scheme for nominating beneficiaries in case of the member's death.
- EPF Form 5: Employers use this form to enrol new eligible employees under the EPF scheme.
- EPF Form 5(IF): Used to claim insurance benefits under the employees’ deposit-linked insurance scheme for financial support.
- EPF Form 10C: For claiming benefits under the Employee Pension Scheme (EPS), including withdrawing the pension amount under certain conditions.
- EPF Form 10D: Required to claim pension benefits after retirement, ensuring a regular income post-retirement.
- EPF Form 13: Crucial for transferring your EPF Account from one employer to another.
- EPF Form 14: Used to finance a Life Insurance policy from your EPF Account by paying the premium with the accumulated PF amount.
- EPF Form 15G: Declaration form to ensure no TDS is deducted on your PF withdrawals if your total income is below the taxable limit.
- EPF Form 19: For final settlement of your EPF Account upon retirement or resignation, allowing you to withdraw the full EPF amount.
- EPF Form 20: Used by nominees or legal heirs to claim the PF amount in case of the member’s death, facilitating the transfer of EPF savings.
- EPF Form 31: For advance withdrawals from your EPF Account for medical expenses, housing, marriage or education.
Conclusion
Managing your Provident Fund effectively begins with understanding the different EPF claim forms. With the right information, you can easily navigate the process, ensuring your savings are well-protected and accessible when you need them. Each EPF form has a specific purpose, helping you handle everything from nominations to withdrawals and pension benefits with ease.
While EPF is only for salaried individuals, for non-salaried individuals looking to further enhance their retirement savings, a Public Provident Fund (PPF) Account can be a great option. It offers competitive interest rates, tax benefits and a secure, low-risk investment. With online access, managing your PPF Account becomes effortless, allowing you to focus on your long-term financial goals. For a seamless experience, consider the PPF Account offered by Axis Bank, which combines all these advantages with the convenience of digital banking.
Also Read: How to find PF number?
FAQs
Q1. Can a PF member submit a claim form without the employer's attestation?
Yes, by using the EPFO online facility. The member’s Aadhaar must be linked to their UAN, and KYC details must be updated and verified by the employer.
Q2. What are the conditions to file a transfer claim online?
The member must have an active UAN and updated KYC details (Aadhaar, PAN and bank details). Both previous and current employers must have digitally registered authorised signatories in the EPFO portal.
Q3. How can the member see the status of their claim?
Members can check their claim status through the EPFO portal by logging in with their UAN and password. The status can be tracked via the UMANG app or by sending an SMS to the EPFO number.
Q4. Can a member sell or surrender their pension account?
No, the pension account under EPS is non-transferable and can only be used to avail pension benefits according to the scheme’s rules.
Q5. For how many years can a member keep their PF Account active?
A PF Account remains active as long as contributions are made. Without contributions for 36 months, the account becomes inactive.
Disclaimer: This article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information. Please consult your financial advisor before making any financial decision.
