, EPF is a savings scheme that helps an employee to accumulate a corpus for their retirement.
EPFO has several variants which cater to the different needs of the employees.
Employees’ Provident Fund Organization (EPFO) is a statutory body that administers Employees’ Provident Fund (EPF) and other schemes related to employee’s welfare. EPF is a savings scheme that helps an employee to accumulate a corpus for their retirement. Apart from this, EPFO has introduced various other forms that cater to the different needs of the employees.
It is important for a working individual to be aware of these forms and their usage to ensure timely processing of his EPF related transactions. For more information on types of provident fund forms, employees should visit the official website of EPFO or take help from their employer.
We have listed some types of EPFO forms that employees should be aware of:
,form 19: This form is used to withdraw EPF balance after leaving the job. The employee can fill this form and submit it to the employer for further processing. The form requires personal and employment details of the employee, such as name, address, PF account number, date of joining and leaving the job. The employer has to authenticate the form and submit it to the EPFO office for final settlement of EPF balance. EPF balance includes employee’s contribution, employer’s contribution and interest earned thereon.
Read also: EPFO e-enrollment process; Step-by-Step Guide to Adding a Description
,Form 10C: It is used to withdraw the balance amount of Employees Pension Scheme (EPS). For the uninitiated, EPS is a pension scheme which is linked to the EPF account. The employee has to fill this form and submit it to the employer for further processing. Along with personal details, the form requires scanned documents like- copy of blank or canceled cheque, date of birth (DOB) certificate of the member’s children, if applying for scheme certificate, death certificate In case of death of the member, others. The employer needs to authenticate the form and submit it to the EPFO office for settlement of the EPS balance.
,Form 31Form 31: People can use Form 31 to withdraw their EPF funds partially or fully, but only under certain circumstances such as medical emergency, house renovation, or marriage. Employees can apply for premature withdrawal through both online and offline mode from their respective EPF account. Once the process is over, people have to wait for a few days for their employer to accept this request and then find out the amount deposited in their bank account.
,Form 13: This form is used to transfer EPF balance from previous employer to present employer. The employee has to fill this form and submit it to the previous employer for further processing. The form requires details like name, address, EPF code and account number allotted to the new employee, payee details, PF account number and details of the new employer. The form for transfer of EPF balance to the previous employer is required to be attested and submitted to the EPFO office.
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