What is EPF Form 31?
When any PF Member lodges a claim for withdrawal of PF Form 31(Advance PF Withdrawal for illness, Marriage, Education, Purchase or Construction of a house, Retirement, Unemployment) through PF withdrawal online mode or offline mode, he can check the claim for withdrawal status online.
Now many times, it shows as “claim has been approved, payment is under process” here you can get the solution of this problem and get rid of yourself out of this problem easily.
EPF Form 31 Claim Status Check
If EPF Claim Status shows “Payment Under Process”, it means that EPFO (Employees Provident Fund Organization) has accepted and approved the claim and payment is yet to be credited to the claimant account. It takes 72 Hours to a Maximum of 30 days or it may be possible, earlier.
Sometimes, when EPF Member searches the status of their claim and shows – “Claim Form Received and Payment under Process”, it means that the claim has been received by the EPFO and payment is yet to be credited to the claimant account.
In this case, the claimant has to wait from 72 hours to 10-15 days(maximum) and the claimant should also verify bank details himself which are provided by him at the time of lodging the claim so that money may be credited to the correct account.
However, if the claimant finds that by an oversight, he has given wrong bank details, then he has to submit a PF reauthorization letter with correct bank account details along with cancelled cheque leaf to the EPFO(in case of an offline claim) by re-submitting the letter and you will receive your PF money within 10-15 days. Copy of Re-authorization letter is given below for downloading :
Re-authorization letter download
Please note that the above reauthorization letter should be attested by the employer or Bank Manager. Once your bank details are corrected, then re-apply for withdrawal and let the EPFO process it.
Secondly, if you have/will lodge/lodge the claim online, then you can correct your Bank details yourself in your EPF account. PF Member can correct the Bank details by visiting the EPF Member Portal Sewa in updation of the” KYC” Section, linked as Link Aadhaar With EPF Account Online, and re-apply for withdrawal.
The claim has been approved, Payment is under process Meaning?
On tracking the PF Claim status at the official website of EPFO, where you receive the message – “Claim has been approved, payment is under process”, it represents that the EPFO has successfully received your submitted claim and only the payment is yet to be clear.
- CLAIM ID: GF
- RECEIPT DATE: 17082020
- CLAIM FORM TYPE FORM 10-C(EPS WITHDRAWAL)
- PARA DETAILS Withdrawal Benefit/Scheme Certificate
- TOTAL AMOUNT; NA
- DISPATCH DATE: NA
- STATUS: Payment under process
But nowadays, EPFO is settling the claim through NEFT hence you will get there following message as soon as EPFO sends your money to your bank account.
Claim Form 19 (EPF Withdrawal) claim id – SPVSP141600XXX9 Member id – SPVSP003xxx200000750 has been settled. Payment sent via NEFT on 11-Mar-2020.
Moreover, you will receive the same message from EPFO for Form 10C also and both PF amount and pension amounts will be credited to your bank account within 2-3 days. In fact, the maximum time for NEFT payment is 24 Hrs. to 72 Hrs. but government fixed time max. 30 days.
Also Read: How to update Date of Exit in EPF?
So, whenever your EPF claim status shows that payment is under process, it means your claim is in process and EPFO will credit money to your bank account. Then you will also receive a message that claims settled, money sent to your bank a/c by NEFT.
You can also check your PF balance also by log in to your passbook where it exactly shows the debited amount to the PF member against their claim. By doing so you need not track the claim status also as a deduction in the passbook of claimed amount follows to credit in the bank‘s account of the PF beneficiary.
SPECIAL NOTE:-
Sometimes, it happens that the claim has been settled and money has been credited to the claimant account but the money does not receive by the claimant in their bank account and the claimant has been puzzled -What to do?
In this situation, you should not worry and lodge the complaint to the EPFO Grievance Cell immediately by mentioning all facts of their claim i.e. date of claim, bank details(If provided wrong bank details, download the above reauthorization letter and submit the same to EPFO online/offline).and within 72 Hrs. you will get the reply from EPFO.
However, if you are not satisfied with the above reply, you may lodge the claim to the zonal office online with the same Grievance Registration Number immediately.
In case of wrong bank details, the complainant should specify that he has given wrong bank details by an oversight hence consider the current correct bank details and PF money should be released immediately.
Lodge your grievance, with EPF
5 Reasons- Why Your Claim Application Might Reject by EPFO
These are the top 5 reasons why the Employees Provident Fund Organization(EPFO) might Reject your Claim Application.
- Member Details are not Correct in EPFO Database.
- Your Bank Details are not Correct
- Incomplete KYC
- Unclear Signature
- Unclear Cheque Book Copy
FAQs
What is meant by “Payment under Process”?
It means the claim has been accepted by EPFO and the same will be settled within five to thirty days maximum.
What is PF withdrawal processing time?
In general, it takes 10 days for the settlement of your EPF Claim Application.
What I should do even after the 10 days of submitting the claim application?
First of all, as a precaution, Check your details recorded in the EPFO database by log in to your UAN Portal such as bank details, KYC, and other important details. if everything is OK, then it means everything is OK, you should wait.
What are the online EPF claim rejection reasons?
There are the most probable 5 reasons for rejections of your PF claim application. If your bank details are not correct, member records are not correct, Incomplete KYC, Unclear signature, and Cheque Book Copy.