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Employees are allowed to withdraw money from EPFO under certain conditions. Withdrawals from EPFO are usually quick. However, sometimes this process gets delayed. Usually this delay occurs due to reasons like insufficient documents, problems in the approval process or mismatch in records. The important thing is that such problems can be avoided by keeping some things in mind.
First of all, you have to check your name, date of birth, Aadhaar and PAN details. These details should not be wrong in the EPF records. Even a small mistake can stop the withdrawal application. Secondly, you need to review the KYC on the member portal and ensure that all the information is verified. If any KYC related information is missing, you can update it and then ask your employer to approve it. Please note that your claim will not be processed until the employer approves your KYC details.
You should also check the current status of your claim on the Member Portal. This shows whether your request is under process, rejected, settled or returned to the bank. Sometimes the claim is settled, but it may take a day or two for the money to appear in your account. If the claim status shows “settled” on the portal but the funds have not been credited to your account, you will need to check SMS alerts and statements from your bank.
It often happens that instead of the entire amount being deposited in your bank account, only a small amount is credited. This happens because only a part of your EPF balance has been released. Generally, the employee’s share is released pending verification of the employer’s contribution or service details. You can check your passbook to find out how much of your EPF balance is outstanding and how much has been paid.
One of the main reasons for delay in final PF settlement after leaving the job is that your employer has not updated your leaving date or service details. Without this update, EPF cannot process your complete and final claim. In such a situation, you have to ask the HR team to update your leaving date.
If despite all these efforts your claim is not processed, you can lodge a complaint on the EPFiGMS portal. You need to submit your claim details and a screenshot of your bank proof. EPFO usually sends your complaint to the concerned officer within 2-3 days.
