To get the claims out of your EPF fund has been simplified in the last few years and now seeding UAN or Universal Account Number associated to your EPF account with Aadhaar, you can get your claims processed in five days.
To get your claim processed in a matter of not more than 5 days, please ensure that you make an online claim on the dedicated portal for making EPF claims. Additionally, the following should hold good:
1. The person making the EPF claim should have the associated UAN.
2. The different KYC documents including Aadhaar and bank details have to be seeded with the UAN.
3. The e-KYC should be verified by the current employer of the concern.
Claim process and Composite claim form
After two months of leaving the job, the request for claim processing can be made after the last employee approves e-KYC. As an authentication of the claim process, the OTP is received on the registered mobile number with Aadhaar database. On receiving the OTP, the composite claim form is to be submitted such that claim process gets initiated.
For faster claim processing, the otherwise required Form 19, form 10C and PF part withdrawal form 31 are done away with and now only the new form is to be filled up called Composite Claim form. The sad forms offer two advantages primarily no attestation of the employer is required for making the claim. Also, documents are not to be provided for making the claim for partial withdrawal.
Know what is UAN passbook, here
Nonetheless, provided you have met some financial contingency, you should not withdraw funds partially and instead transfer the PF account as the returns are tax-free. Also, the EPF amount provide for deductions from the income, with high safety and assurance.