Form 31 for EPF withdrawals

Employee Pension Plan is a savings scheme developed under the Employee Provident Funds and Miscellaneous Act of 1952. The Employee Provident Fund Organization oversees the management of this savings plan (EPFO). This article will explain how the Employee Provident Fund can be partially withdrawn (Form 31 in EPFO). Also, it includes instructions on how to get the form and the EPF filing process.

This scheme aims to assist a person in building up sizable retirement savings. Both the employer and the employee contribute money to the fund. Also, each must contribute 12% of the employee’s monthly basic wage (plus dearness allowance) to this fund. When someone retires, they are given a lump sum payment that includes interest for the whole contribution from the employee and the company.

See also: Form 19 in EPFO: Withdrawal claim form

Form 31 in EPFO: When is it applicable?

The following are the situations and requirements under which someone may withdraw partially from their PF account. It is against the provident fund regulations to withdraw the whole sum of money unless the person complies with the withdrawal requirements listed below.

Form 31 in EPFO: What types of papers must be submitted with Form 31?

Form 31 and the aforementioned paperwork are needed for EPF withdrawals in the given situations:

1. Acquiring a home or piece of land: Declaration Form, Certificate of Registration for the Land/Property
2. Loan repayment for a home: A loan company, bank, or institution statement detailing the outstanding principal and interest
3. Health issues: Certification from the doctor and the employer
4. Marriage: Form 31 contains the declaration
5. Education: Certification issued by the relevant educational institution
6. Physical disability: Certificate issued by the relevant physician
7. Withdrawal before retirement: Member’s declaration

What is included in Form 31?

Form 31 of the EPF must be completed by an employee, an employer, and the EPF commissioner. Also, filling out the form with up-to-date, accurate information is necessary. The information each of them should provide in the form is listed below.

Employee specifics

The employee on the EPF withdrawal form 31 must include the following information:

• Phone number of the employee
• The intent behind the advance
• The advance amount
• Name of the employee
• Name of the employee’s father or husband
• Employer’s name, address, and EPF account number
• Basic pay and dearness allowance
• Complete postal address of the employee
• Employee and employer signatures
• Remittance method
• The recipient of the check (in case of home loans, EMIs, etc.)
• Provide bank account information for any further reason
• Provide your name, age, wedding day, and address for marriage advances
• Advance stamp receipt

Employer specifics

The employer must provide the following information in an EPF withdrawal Form 31:

1. The employer’s certification
2. Date, designation, and signature (along with stamp)
3. Enclosures

Details for EPF Commissioner

The EPF Commissioner must complete the following information in an EPF withdrawal form:

1. Section Reimbursement Amount
2. How to send money
3. The officer’s signature

Form 31 in EPFO: How do I fill out the form?

Form 31 can be submitted for withdrawal offline or online.

The following is the process to submit the EPF Form 31 online:

1. Visit the EPFO website.
2. Enter the UAN and password to log in to the account.
3. Choose ‘Claim Form 31’ from the ‘Online Services’ page.
4. It will launch a new page with detailed information: Name, birthdate, father’s name, PAN number, Aadhar card number, date of joining the firm, and cellphone number.
5. Verify your entry by entering the last four digits of the bank account number.
6. A new pop-up window for accepting the terms and conditions then displays. To continue, accept the ‘Certificate of Undertaking’.
7. From the menu, select ‘Proceed For Online Claim.’
8. From the drop-down menu, select ‘PF Withdrawal.’
9. Selecting the ‘PF Advance Form’ on the following page is required.
10. Provide specifics such as the reason for the withdrawal, the necessary sum, and other pertinent information.
11. To finish the online EPF withdrawal application procedure, click ‘Submit.’

Additionally, one must wait for their employer to accept the request after filing the EPF withdrawal form. They can then find the money credited to their bank accounts. By logging in, people may also check their EPF balance online.

The steps to submit the EPF Form 31 offline are as follows:

• First, download form 31.
• Second, complete the form with all the necessary information.
• After filling it out, the applicant must contact the employer. Also, they require a certificate confirming their employment with the business. The employer must also fill out the form’s designation, date, and signature areas. Also, the enclosures must be attested.
• Next, the person must submit the form to the relevant EPFO office.

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