If you want your PF claim to be processed early and you get money on time, then the first condition is that your KYC should be fulfilled and correct. In this, your Aadhaar card, PAN card, bank account details and mobile number should be updated. When your KYC is correct, after filling the form, the money is usually transferred to your bank account within 7 to 15 days.
But often people keep waiting for money for months due to small mistakes. So first of all make sure that all your details are correct and updated.
Why is PF delay in withdrawing money?
According to Para 69 of the EPF scheme 1952, if all the documents are correct, the funds should be paid on time. But practically there is many delays. There can be many reasons behind this:
Non -name or date of birth in Aadhaar card and PF records
PAN card verification pending
Bank account information is incorrect or non -verification of bank account
Employer not updating exit date on EPFO portal
If any of these disturbances occur, your PF claim may get stuck and it may take months to complete the process.
Form required to remove PF
To remove PF, you have to select the correct form. These forms are as follows:
Form 19: PF to withdraw full money.
Form 10C: If your service period is less than 10 years and you want to withdraw money from pension fund.
Form 10D: If your service is more than 10 years and you want to apply for a monthly pension.
Many times people make wrong choices of form, such as even after 60 years of age, they fill the form 10C while they should fill the form 10D. This may stuck their claim.
What to do if PF claim gets stuck?
There is no need to panic if the PF claim you have done for a long time. You should follow the steps given below:
First of all file a complaint on the Grivence Portal of EPFO.
If there is no solution even after the complaint, you can contact the Regional PF Commissioner of your area.
Apart from this, you can also register your problem on EPFO helpline number or social media platforms.
Keep these things in mind before claiming PF
It is very important to take care of some important things to claim PF at the right time and without any hassle:
Complete KYC: Aadhaar, PAN and bank account details are properly updated on the EPFO portal.
Update e-nomination: Be sure to update your nominee on the EPFO portal so that there is no problem in future.
Confirm the exit date: Make sure from your employer that the Exit Date has updated on the portal.
Use Composite Claim Form: If you do not understand different forms, then you can do all the work through the same form by filling the composite claim form.
Check bank details: Before filling the form, verify your bank account information once so that there is no obstruction in payment.
conclusion
PF is a fund that can do Sanjeevani work for you in emergency. But it is possible to use it properly only when your documents are correct and updated. By avoiding small mistakes and applying with correct information, you can get PF money on time without any hassle. So prepare in advance, check the documents and make the process easier.
