The rules do not state that an employer can hold the EPF amount of an employee. But, Many employer do not approve the EPF withdrawal form to arm-twist the employee. The employers try to enforce the notice period against the signature on EPF withdrawal form. This illegal practice is very common among errant employers.
PFO is really trying hard to contain the high handedness of the employer. First it was online PF transfer, which eased the PF account transfer very easy. Second, It came with Universal Account Number which made EPF transfer an easier process. Now it, has also made the EPF withdrawal without employer approval a cakewalk. The UAN has made EPF withdrawal very easy.
EPFO has introduced the Adhaar linked EPF withdrawal. This method of EPF withdrawal do not require any authentication, forget about the employer. It is as easy as filling bank withdrawal slip.
But, to avail this super easy facility, you must fulfill these conditions.
- You must have the UAN. UAN is allotted by the EPFO. You can check UAN. Even, you can generate UAN as well.
- You must have given the bank account and Adhaar number linked to UAN
- The employer should have verified the Adhaar number of the employee.
This process of EPF withdrawal do not ask anything related to your identity and KYC details. The EPFO verifies your identity with Adhaar data and deposit the money into the account authenticated by the employer. The employers are asked to verify the bank details and Adhaar number while you are in the service.