🔴PF Advance due to Covid | 75% EPF Advance withdrawal process | EPFO New feature in Hindi - YouTube

A new amendment has been released in EPF Act

Which finally allows you to withdraw advance from your PF

Still, there are few conditions & it has been validated from now only

And in this video only I will reveal to you the entire process of revealing your PF Amount that too within 3 days

[Intro music]

Let's look at this GSR which has been released by EPFO

Because of COVID 19, everyone is now allowed to withdraw from the PF Advance

The amount can be 3 months basic plus DA

Or 75% of your PF Balance

Whichever will be less you will be eligible to get that much amount only

For ex- if your basic+ DA is Rs 15 K and for 3 months it amounts to Rs 45 K

And if there is Rs 45 K in your PF Account

Then 75% of Rs. 45K is Rs 34K then you are eligible to get Rs.34K only

Now this option is just available because of covid 19 because it's an emergency relief

Then in the purpose of withdrawal also one has to select a covid 19 only

Now I will show you this also

But 1st ensure that KYC on PF Portal is done because many people KYC is not done

So if KYC is not done then this withdrawal is not possible

KYC means it should be connected with Aadhar, bank, and PAN Number

So if KYC is done then the next step is to visit on Google page & search for EPS Passbook

And open the 1st link & put your UAN & Password to login

Then you have to select a member of, select the last member id

And click on view passbook

Then scroll towards your left where you can see employee share, employer share, and pension contribution

You can't withdraw from pension amount and now we have to take the total of employee & employer share

Which is around 60k. so now we have to take 75% of this amount which will be 45 K

If this 45K or 3 months basic plus DA whichever will be less you have to enter that amount in your withdrawal form

So be on the safer side I will type 44,500 only so that my claim could not be rejected

Now in a different tab I will search for the EPF Member portal and will select the 1st link

Login by putting UAN & Password

Select online services then drop-down will come and now select claim

Put the last 4 digits of your bank account number and then verify it

Click on proceed now the particular member has only PF Advance (form 31) option

So select it then it's asking about the purpose of withdrawal

Select outbreak of pandemic covid 19 which will appear on top only

In case of the amount I have already mentioned that I will opt for 44,500 in order to save my claim from being rejected

In your case, you have to calculate i.e., either basic+ DA of 3 months or 75% of PF Balance

Whichever will be less you have to enter that amount only

For being on the safer side put less Rs.500 in order to save your claim from being rejected

Next a very simple process you have to put your address & upload the passbook or canceled cheque file

Then you have to check in the given box below

Which is a declaration & then click on get Aadhaar OTP

Then you will receive OTP on Aadhar registered mobile number

Put that OTP & submit the form

Your form will be submitted

And within 3 days your bank account will be credited with that amount

Friends, it's good to know that in such a time government is taking such quick decisions

Almost every day such circulars are received which is in favor of the common people

And I hope Labour Law Advisor is putting its best effort to bring all this important News to you people

So let's meet again through new video till then stay safe & stay at home