How to Unblock Your Inactive EPF Account: A Simple Guide - Read Here
The Employee Provident Fund (EPF) is an important retirement savings scheme for employees in India. It helps provide financial security for workers in the organized sector. However, sometimes EPF accounts can become inactive if there are no contributions for three years. This might happen due to reasons like retirement or moving to another job. Luckily, recent updates from the Employees’ Provident Fund Organization (EPFO) have made it easier to unblock these accounts.
What is an Inoperative EPF Account?
An EPF account is considered inoperative if there have been no contributions from either the employee or the employer for 36 continuous months. Even though the account becomes inactive, the balance in the account continues to earn interest.
Before you start the process of unblocking your EPF account, it is important to ensure that your KYC (Know Your Customer) details are up to date. KYC is a process to verify your identity, which requires you to submit documents such as your Aadhaar card, PAN card, and bank account details. You can do this by either visiting the EPFO office or using the EPF member portal online.
Steps to Unblock Your EPF Account Online
- Visit the EPFO website at epfindia.gov.in.
- Log in using your UAN (Universal Account Number) and password.
- Once logged in, go to the ‘Help Desk’ option on the dashboard.
- Under the help desk, look for ‘Inoperative Account Assistance’.
- Provide the required information, including your UAN, to verify your identity.
- Follow the instructions on the screen to submit your request for unblocking your account.
If you have any issues during this process, you can visit the EPF Grievance Redressal Portal at EPFiGMS to lodge a complaint or track your request status.
After you submit all the necessary information, it may take about 20 to 25 days to unblock your EPF account. The time may vary depending on the type of account and the specific verification needed.
Withdrawal Options After Unblocking
Once your EPF account is successfully unblocked, you have several options for your funds:
- Full Withdrawal: This is allowed when you retire or if you are unemployed for more than two months.
- Partial Withdrawal: This is possible for specific needs, such as medical emergencies or education expenses. You can submit withdrawal claims online through the EPFO portal once your account is active again.
In summary, unblocking an inactive EPF account is a straightforward process if you follow the steps and ensure your documents are ready. By taking these actions, you can access your funds and continue to secure your financial future.
