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How to Withdraw PF in Case Company Close and KYC is Not Done

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Ravi SADhiyan

Practice

3087 Points Posted on 22 August 2020

Dear All Respected Member

Kindly tells me how to Withdraw PF Balance in case company is closed and KYC is pending

And Company Head Office was in Mumbai

Thanks with Regrads

Ravi SADhiyan

Replies (2)

Quick Summary

If your company has closed and your KYC is pending, you cannot withdraw your PF balance online. You will need to apply offline using the Composite Claim Form (Non-Aadhaar) at your EPFO office. Ensure you attach all required KYC documents, address proof, salary slips, and a cancelled cheque. Since the company is closed, you'll need to get your EPF withdrawal form attested by a credible authority such as a bank manager, gazetted officer, or notary public.

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 23 August 2020

As per view, Withdrawal of PF can be done online, but as your KYC is pending it can not be done online.

You have to apply offline/physical form at your EPFO office branch.
In COMPOSITE CLAIM FORM (NON-AADHAAR) with other documents as required to be attached.(i.e mentioned in form itself like Your KYC documents, address proof, Salary slip/form 16, cancelled cheque ect.) along with one reason letter, for using this Direct method (as in your case it's due to closing of Co.)

As your company is closed, so, employer do not verify, You have to attest your EPF withdrawal form from other credible authorities. These authorities are –
Manager of a bank.(Advisable, use this and preferebly it's that branch, where you have salary account)
Any gazetted officer.
Member of the Central Board of Trustees./ committee/ Regional Committee (Employees’ Provident Fund Organization).
Magistrate/ Post/ Sub Post Master/ President of Village Panchayat/ Notary Public