EPF Withdrawl

General Discussions
1

If the total service is more than 5+ years and plan to withdraw EPF balance, are we required to submit Form 15G ?

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2

If you are withdrawing from EPF account before the completion of 5 years then you will have to fill Form 15G to avoid TDS deduction. While if the EPF withdrawal takes place after 5 years then the Form 15G is not required , the withdrawal will be tax free.

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3

HI Kaulin,

In this case, if PAN is updated???

Regards,

Anand C
Chief Mentor
PAYOF

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4

Hey @payofkoc,

Even if the PAN is updated the same process will be followed.

Regards,

Community Manager.

5

Hi,

In the event of Company being inactive and closed permanently. How an employee’s Bank KYC gets approved.
Is there any bank which doesn’t require employer’s digital approval.

Thanks & Regards
Nanda Kumar

6

Hi-Need to submit closure documents and Bank statements as well so that they will know it was inactive, then employees should approved their KYC aadhar card and Bank details must

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7

Hi @sureshbusam,

Thanks for the reply.
I don’t have neither closure document nor bank statement to justify the closure. What to be done in this scenario.

Thanks

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