Employee Provident Fund is the retirement benefits scheme that is available to all salaried employees including government, public and private and this fund is maintained by Employee Provident Fund Organization (EPFO) of India.
It is also called as a saving platform that helps employees to save a fraction of their salary at every month and it can be used when we are unable to work or upon retirement.
As per the EPFO Act 1952, Employees can process for Provident Fund withdrawal only if given up working or want to be self-employed, mandatory of 2 months waiting period are required to process.
Below is the Provident Fund withdrawal process by filling up the required forms:
1) Form 19 (For Making PF Withdrawal),
2) Form 10 C (for making a withdrawal from pension scheme).
3) Form 15G ( For saving TDS deduction).
Above are the manual process of PF withdrawal, Universal Account Number (UAN) made it easier, a comfortable and fast process of PF withdrawal.