EPF UAN Portal | PF Amount | Update Bank Details Online | Resubmit Rejected PF Claim | August 2018 – Get complete details and solution if you applied for PF withdrawal but the amount not credited to your bank account. Also get info on other queries like – How to check PF rejection reason online, EPF rejection letter download, How to resubmit rejected pf claim, PF rejected how to apply again & More @EPFOSCHEME.IN
Updated – August 2018
There are many cases where the EPF member/subscriber has applied for PF withdrawal but they didn’t get his/her PF amount into their bank account. Usually, PF claim settled within 15-20 days from the date he/she applied.
If you apply for PF claim online then it will be settled less than 10 days.
But, in some cases even after 30 days, The members raise the complaints that they still didn’t get their EPF amount into their given bank account number.
Reason Why PF Amount Is Not Credited To Your Bank Account?
The Employees Provident Fund Organisation has set up a verification process before accepting the application where the EPFO will monitor the given application accurately.
In some cases, If the EPFO encounter any problem or mistake in your given details.
So, they will reject your given application so you can update or change the wrong details and apply again.
There are some other reasons as well where your PF amount will not transfer into your bank account Because of employer’s heavy working plans.
Usually, when the employer is at that stage he/she ignored or forget to submit your given PF claim forms.
Bulk PF Claim Forms
When the number of PF withdrawal forms is more than sometimes the employer submit the forms using the bulk procedure.
So, in some cases, due to the lack of interaction within employer and PF officials, some of the unsettled applications will remain in pending.
So this must be one of the major reason why your PF amount not credited.
EPF Wrong Bank Account Details
The biggest mistakes that EPF members keep doing is that they are providing wrong bank details in their PF withdrawal forms like:
- Bank Account Number.
- IFSC code.
These two details are the most important details that must be 200% correct in order to receive your PF balance inside your bank account.
I Have Given Correct Bank Account Details But Still PF Withdrawal Cancelled?
This happens when the member has given correct details but on the other side, the given account is inoperative or inactive.
What To Do If Your Given Account Is Inoperative?
As India getting digital day by day so a single word in your given details can make your applications rejected, especially when the payments are offering via National Electronic Funds Transfer (NEFT), so a single misspell or a wrong number in your bank account details will stop your chance to get your PF amount.
Once NEFT fails then EPF amount will be credited back to the EPFO bank account within 4-6 days.
Check Your PF Claim Status
The official portal to check PF claim status is the only option to check whether is there any problem or not because almost everytime you’ll find the reasons for PF claim rejections.
If there is any message which itself contain some wording like “NEFT was done on 24.05.2016”, & even after this message that showing your NEFT was done, You must check whether you gave correct bank account details or not or does your bank account is inoperative or inactive. If didn’t found any negative record then you must go to your regional EPF office.
What To Do If PF Amount Not Credited To Your Bank Account
The employee must check his/her address properly that he/she wrote while filling the PF withdrawal form before submit because EPFO always sent back the rejected form to the address that the employee has given on their PF claim forms.
Submit PF re-authorization letter
The visitor can submit the PF re-authorization letter to his/her regional EPF office if the problem is clear that the information that you provided on your PF Withdrawal form was wrong.
PF re-authorization letter is easily available from any EPF office.
Visitors who are uninformed about PF re-authorization letter can watch the sample of Re-Authorization Letter.
PF re-authorization letter itself contains some fields that you have to fill in like:
|Bank IFSC Code (Correct)|
|PF Account Number|
|Bank Account Number (Correct)|
|Employer Attestation & Authorization Seal (Required)|
Note: When the member has successfully submitted EPF re-authorization letter, it will take 10-15 days to credit your EPF amount to the correct bank account details.