Customers can make partial withdrawals or ‘advance’ withdrawals from the Provident Fund Fund under certain circumstances. After a few days, the money gets deposited in the bank accounts of the customers, but sometimes the claims get rejected. There are many reasons behind this, such as non-updating of bank details, wrong member details, check book copy and signature not being clear, incomplete information in KYC. Let us know in detail why the claims get rejected.
Non-completion of KYC details
If the KYC details are not complete and verified, EPFO may reject the EPF withdrawal claim. Incomplete KYC is another reason for rejection of EPF claim.
Non-updation of Aadhaar and UAN
Aadhaar must be verified and linked with Universal Account Number (UAN). If the UAN is not linked with Aadhaar, the EPF withdrawal claim can be rejected.
If the signature is not clearly understood
If the signature of the member is not clearly understood and does not match with the records available in the office, then the claim can be rejected. Apart from this, at the time of filing EPF withdrawal claim online, a scanned copy of the bank account verification registered in the EPFO records has to be provided. Ambiguous investigations can also lead to rejection.
Non-updation of bank details
One of the reasons for rejection of EPF withdrawal claim is non-updation of bank account number and IFSC code on EPFO member portal.
Incorrect information of member details
Claims can be rejected even if the member details do not match with the establishment record. Hence the member’s name and date of birth must be correct.
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