EPF Form 20
5paisa Research Team
Last Updated: 27 May, 2024 12:49 PM IST
Want to start your Investment Journey?
Content
- What Is EPF Form 20?
- Eligibility For EPF Form 20
- What Documents Are Required To File Form 20?
- Things To Consider While Filing Form 20
- How To Fill EPF Form 20?
- Attestation Of EPF Form 20
- Advantages Of Filing EPF Form 20?
- Conclusion
EPF is a retirement scheme where both employee and employer contribute. If an employee can't work till retirement or passes away, their family receives benefits like insurance and pensions. Form 20 is used for withdrawal.
What Is EPF Form 20?
Employees Provident Fund is a retirement savings scheme where both the employee and their employer contribute money during the working years. When the employee reaches the age of 58 or in certain special cases, they can access these savings for retirement.
However, if an employee passes away before retirement, their family is entitled to certain benefits. First, there's the Employees Deposit Linked Insurance or EDLI scheme which provides insurance coverage of up to Rs. 7 lakhs to the family.
The family may receive a monthly pension under the Employees Pension Scheme or EPS. This pension is provided to the widow, children or orphans of the deceased employee. The family can fill out EPF Form 20 to request a withdrawal from the provident fund. This form can also be used to withdraw funds for a minor or a member who is mentally ill.
Eligibility For EPF Form 20
The EPF Form 20 can be filled out by:
1. The guardian of a minor or lunatic member (someone who is not mentally capable).
2. A nominee or legal heir of a member who has passed away.
3. The guardian of a minor or lunatic nominee or heir who is claiming the Provident Fund accumulation of the deceased member.
This form allows these individuals to claim the Provident Fund amount on behalf of the member or their heirs.
What Documents Are Required To File Form 20?
- After a member passes away, their nominee, surviving family members, or legal heirs need to apply for a death certificate.
- If someone other than the natural guardian of a minor member, nominee, family member, or legal heir is applying, they need a guardianship certificate issued by a competent court of law.
- A cancelled cheque is required for Electronic Clearing Service payments to be deposited directly into the claimant's bank account.
- EPF Form 5 IF is used to claim benefits from the Employees Deposit Linked Insurance Scheme or EDLI if a member dies while employed.
- EPF Form 10D To claim pension benefits like widow's pension, children's pension, and orphan's pension, use this form.
- EPF Form 10C, If the member passed away after reaching the age of 58 and hadn't completed 10 years of service, this form is used to withdraw pension benefits.
- These documents and forms are necessary for processing claims and providing benefits after the death of a member of the EPF.
Things To Consider While Filing Form 20
- To get SMS updates on your application's progress, provide your mobile number.
- Fill out the form using capital letters and include all your details.
- Include a cancelled cheque from your bank account for fund transfer.
- Make sure your address is complete, including the PIN Code.
How To Fill EPF Form 20?
If you're applying for EPF benefits for a deceased member's family member, heir, nominee, or guardian, you can fill out Form 20 offline. Then, submit it to the EPF Commissioner's office through your employer, along with the necessary documents. Make sure you fill in the specified fields on the form accurately.
Please provide your phone number to receive text updates about the status of your EPF withdrawal.
Particulars of the Member
1. Member's Name
2. Father's/Husband's Name for married women
3. Name and address of the last workplace
4. EPF Account Number
5. Departure Date from the job
6. Reason for leaving mention Death if applicable
7. Date of Death (dd/mm/yyyy)
8. Marital status at the time of death
Particulars of the Claimant
1. Claimant's name: The person making the claim.
2. Father’s/Husband’s Name: The name of their father or husband.
3. Gender: Whether the claimant is male or female.
4. Age (as on the date of death of the member): How old the claimant was when the member (likely a family member) passed away.
5. Marital Status (As on the date of death of the member): Whether the claimant was married or unmarried at the time of the member's death.
6. Relationship with the deceased member: How the claimant is related to the person who passed away.
This section is for someone who is responsible for a minor or legally incapacitated member. It's also for the guardian of a minor or legally incapacitated nominee, legal heir, or family member of the deceased member.
Claimant's name: Name of the person claiming.
Father/Husband's Name: Name of their father or husband.
Full Postal Address: Complete address of the claimant.
Relationship with the minor/deceased member: How they are related, in capital letters.
Remittance Method: How payment will be sent:
• Payment via postal money order.
• Payment via cheques or electronic transfer to a Savings Bank Account.
Attestation Of EPF Form 20
EPF Form 20 needs to be sent to the EPFO by the most recent employer of the member. Both the employer and the member need to sign each page of the form.
If the employer's establishment is closed, the form should be verified and attested by one of these authorities:
1. Magistrate
2. Gazetted Officer
3. Post or Sub Post Master
4. Chairman, Secretary, or Member of the Municipal or District Local Board, Member of Parliament, Legislative Assembly, or Member of Central Board of Trustees
5. Regional Committee of Employees Provident Fund
6. Manager of the Bank where the Saving Bank Account is maintained
7. Head of any recognized educational institution
8. President of Village Union
9. President of the Village Panchayat if there is no Union Board
Advantages Of Filing EPF Form 20?
Filing Form 20 after the death of an EPF member comes with several important benefits:
1. Getting what's owed: It's all about claiming what the deceased member had in their EPF account the money they saved, any gratuity, and pension they were entitled to.
2. Smooth asset transfer: Form 20 is crucial for transferring the assets to the nominee without hiccups. By completing it and submitting the necessary documents, the nominee ensures a hassle free transfer.
3. Financial support: EPF is a safety net for employees and their families. Filing Form 20 means the nominee can access the funds and benefits the member accumulated, offering financial security.
4. Making things easier: Form 20 simplifies the whole process. Doing it right and on time avoids delays or complications that could pop up otherwise.
5. Getting paid on time: By filing Form 20 promptly, the nominee ensures they receive the entitled benefits without unnecessary delays. It's all about getting what's rightfully theirs as soon as possible.
Conclusion
EPF Form 20 is crucial for nominees of deceased EPF members. It ensures smooth transfer of assets and timely access to accumulated funds, gratuity, and pension benefits. By simplifying the process, it offers financial security and peace of mind during a challenging time.
More About Savings Schemes
- Section 194IC
- PF Form 11
- Form 13 For PF Transfer
- EPF Form 20
- Corporate Fixed Deposit
- Fixed Deposit (FD) vs Recurring Deposit (RD)
- Income Tax on Recurring Deposit RD
- How to Withdraw Money from Unclaimed EPF Account
- How to Get Your Name Changed in the EPF
- Steps to Upload KYC for EPF UAN
- EPF Payment
- Difference between GPF, EPF, and PPF
- Difference Between APR vs APY
- Atal Pension Yojana Tax Benefits
- How To Open Atal Pension Yojana (APY) Account Online
- How to Close Atal Pension Yojana Account
- How to Change Details in Atal Pension Yojana Scheme
- NPS v/s SIP
- NPS Lite Aggregators List
- NPS Customer Care Number
- National Pension Scheme for NRI
- National Pension Scheme (NPS) Withdrawal Rules
- Best Child Investment Plans In India
- Post Office PPF Account
- PPF Account Withdrawal Rules
- PPF Deposit Limit
- PPF Account Age Limit
- PPF Account for Minors
- PPF Online Payment
- ELSS Vs PPF
- Loan Against PPF
- Post Office PPF Interest Rate
- PPF Interest Rates 2023 - 24
- What is Pradhan Mantri Jan Arogya Yojana
- Balika Samridhi Yojana
- What is member ID in PF?
- How To Merge Two UAN Numbers Online
- How to Merge Two PF Accounts?
- How to Raise Grievance in EPFO
- How to Check PF Balance in Mobile: A Comprehensive Guide
- How to Download Your EPF Passbook: A Comprehensive Guide
- TDS on PF Withdrawals: A Comprehensive Guide
- How to Transfer Your PF from One Company to Another?
- EPF vs PPF
- PF Balance Check with UAN Number Without Password
- PF Balance Check without UAN number
- Introduction to Savings Schemes
- Difference Between VPF And PPF
- EPF Form 10D
- NPS vs PPF
- Superannuation Meaning: What is Superannuation
- What is Fixed Deposit?
- Pradhan Mantri Awas Yojana
- Atal Pension Yojna vs NPS
- NPS (National Pension Scheme Charges)
- EPF vs EPS
- EPF Form 2
- What are Tier 1 and Tier 2 in NPS?
- NPS Tier 2
- NPS Tier 1
- Senior Citizen Saving Scheme (SCSS)
- General Provident Fund (GPF)
- Pension Fund Regulatory & Development (PFRDA)
- SBI Annuity Deposit Scheme
- GPF Interest Rates 2023
- Unit Link Insurance Plan (ULIP)
- List of Bank Mergers
- PRAN Card
- Foreign Currency Non Resident Account (FCNR)
- What is EDLI?
- What Is NPS Interest Rates?
- What is Form 15g
- Saksham Yuva Yojana
- Why Invest in PPF?
- How To Check PPF Account Balance
- NSC Interest Rate
- NSC – National Savings Certificate
- Swavalamban Pension Yojana
- KVP Interest Rate
- PF Withdrawal Rules 2022
- NPS Returns
- National Pension Scheme (NPS)
- Jeevan Pramaan Patra - Life Certificate for Pensioners
- Kisan Vikas Patra (KVP)
- PF Form 19
- PF Withdrawal Form
- EPS - Employee Pension Scheme
- PPF Withdrawal
- Atal Pension Yojana (APY)
- EPF Form 5
- EPF Interest Rate
- Check Your PF Balance Online
- Employee Provident Fund (EPF)
- UAN Registration & Activation Online
- UAN Member Portal
- Universal Account Number
- National Savings Scheme
- Post Office Tax Saving Schemes
- Post Office Monthly Income Scheme
- Post Office Savings Schemes
- EPF Claim Status
- EPF Form 31
- EPF Form 10C Read More
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.
Frequently Asked Questions
No deadline for EPF Form 20, but submit ASAP to avoid delays. The sooner you file, the quicker the claim process starts.
If you don't submit PF Form 20 on time, you might wait longer for your benefits. Sending it in promptly ensures you get your money faster.
Yes, the nominee or legal heir can withdraw all the money in the deceased employee's EPF account.
EPF claims can take 10-15 days to process, depending on how complete your documents are and how long verification takes. Expect a bit of wait time.