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Conditions for the Settlement of the EPF Claim

The Composite Claims Form, which includes a customer's Aadhaar card information, was implemented by the Indian government. Employees can now make withdrawals without their employer's attestation thanks to this form. The EPF claim settlement process now takes only five days, thanks to this innovation. Pro Legal HR the Best PF ESI Consultant in Ahmedabad.

Employees must follow certain guidelines in order to guarantee a timely claim within this timeframe:

Use the official portal to submit your EPF claim online.

To apply for PF payouts, one must have a Universal Account Number (UAN).

On the EPF portal, update your bank account details (account number, account name, bank name, etc.) and Aadhaar card details.

Get the information, including the employee's KYC documents, validated by the present employer.

Benefits of the Composite Claims Form

In order to replace the benefits provided by Form 19, Form 10C (which deals with pensions), and Form 31 (which deals with partial EPF withdrawals), the Indian government established the Composite Claims Form. For EPF settlements, customers must now only use the Composite Claims Form.

The Composite Claims Form has the following advantages:

The claim settlement procedure no longer requires the employer's attestation.

Claiming partial withdrawals does not require documentary proof.

Steps in Claim Settlement

Employees should follow these procedures in order to start a claim settlement:

Open the EPF member portal and log in.

On the website, choose "KYC" under the "Manage" option.

Enter your bank information and Aadhaar card as needed.

Once the necessary information has been entered, click "submit."

The present employer must validate and approve the Aadhaar card and bank information.

After switching jobs, customers have two months to submit a claim settlement.

An OTP is sent to the registered mobile number after the employee registers for a PF settlement and the employer confirms the information.

After entering the OTP that was received, submit the Composite Claims Form.

Employees can expect their PF payment in 5–10 days after this starts the withdrawal procedure. Pro Legal HR the Best ESI PF Consultant in Ahmedabad.