BAJAJ BROKING

open-demat-imgOpen Demat
Login-imgLogin
be-a-partner-imgBe a Partner
samadhan-imgSamadhan
open-demat-imgOpen Demat
InstallInstall App
Download AppInstall App
Notification
No new Notification messages
Shri Ahimsa Naturals IPO is Open!
Apply for the Shri Ahimsa Naturals IPO through UPI in just minutes.
Open a Free Demat Account
Pay ZERO maintenance charges for the first year, get free stock picks daily, and more.
Trade Now, Pay Later with up to 4x
Never miss a good trading opportunity due to low funds with our MTF feature.
Track Market Movers Instantly
Stay updated with real-time data. Get insights at your fingertips.

PF Withdrawal - How To Withdraw PF Amount Online

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

The Employees’ Provident Fund (EPF) is a crucial financial safety net for salaried employees in India, designed to promote long-term savings and post-retirement security. Managed by the Employees' Provident Fund Organisation (EPFO), it requires both employers and employees to contribute a fixed percentage of the employee’s basic salary and dearness allowance every month. These contributions accumulate over time, earning government-regulated interest, and form a substantial retirement corpus.

While EPF is primarily meant for post-retirement financial stability, employees can withdraw funds under specific conditions, such as medical emergencies, higher education, home purchases, or unemployment. With advancements in digital banking, the withdrawal process has become seamless and efficient, allowing individuals to claim funds online via the UAN portal. To complete the withdrawal, essential details like the Permanent Account Number (PAN), Aadhaar-linked UAN, and bank account details are required. Understanding the eligibility criteria, process, and withdrawal rules ensures employees can access their savings without unnecessary delays.

How to withdraw PF Online?

What is Employees' Provident Fund (EPF)?

Introduced in 1951, the Employees’ Provident Fund (EPF) is a government-backed compulsory savings scheme aimed at ensuring financial stability for salaried professionals. Under this scheme, both employers and employees contribute 12% of the employee’s basic salary and dearness allowance into the fund every month. The accumulated balance, along with accrued interest, acts as a long-term financial cushion, available for withdrawal under specific conditions such as retirement, unemployment, or emergencies.

The EPFO regulates EPF contributions, making it mandatory for organizations with 20 or more employees and employees earning up to ₹15,000 per month. However, individuals earning above this threshold can also voluntarily opt for EPF to build long-term wealth. The interest rate on EPF deposits is set by the government and revised annually, ensuring alignment with economic conditions. The fund serves as a secure and disciplined way to build financial security, helping employees meet future financial needs while benefiting from tax exemptions and regulated returns.

EPF Withdrawal Eligibility Criteria

Employees can withdraw funds from their Employees' Provident Fund (EPF) account under specific conditions. The withdrawal process varies based on eligibility, employment status, and the reason for withdrawal. Full withdrawal is permitted upon retirement, while partial withdrawals are allowed for specific needs such as insurance, unemployment, or emergencies.

For individuals switching jobs, the EPF balance can be transferred instead of withdrawn. In cases of death during service, the legal heirs or nominees can claim the accumulated balance. Additionally, employees who have been unemployed for two months or have opted for a Voluntary Retirement Scheme (VRS) can withdraw their EPF balance based on specific guidelines. The following table outlines the eligibility criteria and the corresponding forms required for withdrawal.

Eligible Conditions

Forms Required

Individuals aged 58 and above, who have retired, can withdraw 90% of their EPF funds in the form of a monthly pension. This is applicable only when the member has completed 10 years of eligible service.

Form 10D

Employees wishing to allocate EPF corpus toward their LIC policies.

Form 14

Employees changing jobs and transferring their EPF balance to a new membership ID under the same UAN.

Form 13

If a member passes away during employment, their legal heir or nominee can claim the accumulated EPF amount.

Form 20

Family members of a deceased employee can claim the Employees’ Deposit Linked Insurance (EDLI) amount linked to the EPF.

Form 5IF

Employees who have been unemployed for at least two months can withdraw 75% of their EPF balance as a non-refundable advance. The withdrawal must be certified by a Gazetted Officer of the Government of India.

Form 31

Employees opting for the Voluntary Retirement Scheme (VRS) at 55 years of age can withdraw their full EPF balance as a final settlement.

Form 19

By fulfilling these eligibility criteria and submitting the required forms, employees can access their EPF savings in a structured and regulated manner.

Download App

When Can You Withdraw EPF?

EPF withdrawals are permitted under specific conditions, either as a complete withdrawal due to retirement or unemployment, or as a partial withdrawal for defined purposes such as medical emergencies, education, or housing. Understanding these conditions helps in effective financial planning. Below are the key scenarios for EPF withdrawal:

1. Complete Withdrawal

  • Retirement – Employees can withdraw 100% of their EPF balance upon retirement.
  • Unemployment –
    • If unemployed for over one month, up to 75% of the balance can be withdrawn.
    • If unemployment extends beyond two months, the remaining 25% can be withdrawn, leading to a full withdrawal.

2. Partial Withdrawal (Allowed under specific circumstances)

I. Medical Treatment

  • Limit: Up to 6 times the monthly basic pay or the employee’s total contribution with interest (whichever is lower).
  • Service Year Requirement: No minimum service period required.
  • Other Conditions: Can be withdrawn for self, spouse, children, or parents for medical treatment.

II. Marriage

  • Limit: Up to 50% of the employee’s contribution to EPF.
  • Service Year Requirement: Minimum 7 years of service required.
  • Other Conditions: Can be withdrawn for self, child, sibling’s marriage.

III. Education

  • Limit: Up to 50% of the employee’s contribution to EPF.
  • Service Year Requirement: Minimum 7 years of service required.
  • Other Conditions: Can be withdrawn for self or child’s post-matriculation education.

IV. Purchase of Land or House Construction

  • Limit:
    • For land purchase – Up to 24 times the monthly basic salary plus dearness allowance.
    • For house construction – Up to 36 times the monthly basic salary plus dearness allowance.
  • Service Year Requirement: Minimum 5 years of service required.
  • Other Conditions:
    • The property must be registered in the employee’s or spouse’s name.
    • Withdrawal is allowed only once for this purpose.
    • Construction should begin within 6 months and be completed within 12 months of the final withdrawal.

V. Home Loan Repayment

  • Limit: The lower of:
    • 36 times the monthly basic salary plus dearness allowance.
    • Total corpus (employee + employer contribution with interest).
    • Outstanding loan principal and interest.
  • Service Year Requirement: Minimum 10 years of service required.
  • Other Conditions:
    • The property should be in the name of the employee, spouse, or jointly owned with the spouse.
    • Proper loan documentation is required.
    • The EPF balance must be over ₹20,000.

VI. House Renovation

  • Limit: Up to 12 times the monthly basic pay plus dearness allowance or total employee contribution with interest, whichever is lower.
  • Service Year Requirement: Minimum 5 years of service required.
  • Other Conditions:
    • The property must be registered in the name of the employee or spouse.
    • Can be availed twice—after 5 years and again after 10 years of house construction.

VII. Partial Withdrawal Before Retirement

  • Limit: Up to 90% of the accumulated balance with interest.
  • Service Year Requirement: Employees must be at least 54 years old.
  • Other Conditions: Withdrawal must be made within one year of retirement or superannuation.

For efficient processing, individuals should ensure that their Permanent Account Number (PAN) is linked to their EPF account. Understanding the eligibility conditions and required documentation will help avoid delays in withdrawal approval.

Subscribe to YouTube Channel

New EPF Withdrawal Rules 2025

The Employees’ Provident Fund Organisation (EPFO) has updated its withdrawal rules to ensure that the EPF remains a long-term savings tool while providing flexibility during emergencies. Here are the key withdrawal rules applicable in 2025:

1. EPF Withdrawal Only After Retirement

  • Unlike a bank account, EPF funds cannot be withdrawn while employed, except under specific conditions.
  • Full withdrawal is allowed only after retirement or in cases of prolonged unemployment.

2. Partial Withdrawal for Emergencies

  • Employees can make partial withdrawals for medical treatment, higher education, and purchasing or constructing a house.
  • These withdrawals can be processed online via the UAN portal for convenience.

3. 90% Withdrawal Before Retirement

  • EPF subscribers aged 54 and above can withdraw 90% of their corpus one year before retirement.

4. EPF Withdrawal During Unemployment

  • Employees can withdraw 75% of the EPF corpus after one month of unemployment.
  • The remaining 25% must be transferred to the new EPF account once re-employed.
  • Previously, 100% withdrawal was allowed after two months of unemployment.

5. Taxation on EPF Withdrawals

  • TDS is not deducted if the withdrawal amount is below ₹50,000.
  • Withdrawals exceeding ₹50,000 are taxed at 10% if Permanent Account Number is submitted.
  • If Permanent Account Number is not submitted, a 30% TDS + tax applies.
  • EPF withdrawals remain tax-free if contributions have been made for five continuous years.

6. EPF Withdrawal Status Tracking

  • Employees can track EPF withdrawal status online through the EPFO portal or UMANG app.
  • If Aadhaar and UAN are linked, and the employer has approved the request, processing is hassle-free.

7. Unemployment Declaration Required for Withdrawal

  • To withdraw funds under unemployment rules, subscribers must declare their unemployment before initiating the request.

Employees can also open a Demat account and trading account online to invest in market-linked investment options like equity. This way, they can rely on such liquid investments, instead of withdrawing funds prematurely from their PPF accounts.

How to Withdraw PF Amount?

Withdrawing PF has become a seamless process with multiple options available for employees to access their funds. Individuals can benefit from the convenience of online withdrawal, but they must ensure that their registered mobile number used for UAN activation is active. Additionally, KYC verification and linking the bank account with the IFSC code are necessary to process the withdrawal request smoothly.

Employees can initiate a PF withdrawal through three methods. The most convenient option is submitting an online application via the UAN portal, allowing for quick processing and minimal paperwork. Another option is using the EPFO mobile app, which provides a user-friendly interface for claim submission. Those who prefer the traditional approach can submit a physical application at their jurisdictional EPFO office. Each method caters to different needs, ensuring that employees can withdraw their EPF balance efficiently based on their preference and accessibility.

Steps to Apply for EPF Withdrawal Online on the UAN Portal

Withdrawing your EPF balance has become a hassle-free process with the UAN portal. Follow these steps to withdraw your EPF corpus online:

  1. Visit the UAN Portal – Open the EPFO UAN member portal in your browser.
  2. Log in – Enter your Universal Account Number (UAN) and password, fill in the captcha, and click on ‘Sign In’.
  3. Check KYC Verification – Click on the ‘Manage’ tab and select ‘KYC’ to ensure that your Aadhaar, PAN, and bank details are verified.
  4. Select the Withdrawal Claim Option – Navigate to the ‘Online Services’ tab and select ‘Claim (Form-31, 19, 10C & 10D)’ from the drop-down menu.
  5. Verify Bank Details – On the next screen, confirm your member details, KYC information, and service details. Enter your bank account number and click on ‘Verify’.
  6. Sign the Undertaking – Click on ‘Yes’ to accept the undertaking and proceed further.
  7. Initiate the Withdrawal Process – Click on ‘Proceed for Online Claim’ to move to the claim form.
  8. Select the Claim Type – Under the ‘I Want To Apply For’ section, choose the claim you need:
    • Full EPF Settlement
    • Partial EPF Withdrawal (Advance/Loan)
    • Pension Withdrawal
    • If any option is unavailable, it means you are not eligible based on EPFO service criteria.
  9. Provide Withdrawal Details – If applying for a partial withdrawal, select ‘PF Advance (Form 31)’, mention the purpose of withdrawal, enter the amount required, and fill in your address.
  10. Submit the Application – Click on the certificate, submit your claim, and, if required, upload scanned documents for verification.

Once your EPF withdrawal request is successfully submitted, you can track the status using the UAN portal. Ensure your Permanent Account Number is linked to avoid higher TDS deductions and keep your Aadhaar and bank details updated for a seamless withdrawal process.

How to Withdraw Your EPF Without UAN?

Employees who do not have a Universal Account Number (UAN) can still withdraw their EPF balance by submitting a physical application to the jurisdictional EPFO office. To initiate the process, applicants must download the appropriate composite claim form from the official EPFO portal.

For Aadhaar-linked accounts, employees can use the Composite Claim Form (Aadhaar) and submit it directly to the EPFO office without requiring employer attestation. However, for non-Aadhaar-linked accounts, the Composite Claim Form (Non-Aadhaar) must be filled out and submitted with employer attestation for verification.  Additionally, EPFO has simplified the partial withdrawal process by eliminating the requirement to furnish multiple supporting documents. Instead, employees can now opt for self-certification while making withdrawal requests for medical emergencies, home purchases, education, and other permitted purposes.

Types of EPF Withdrawal: Complete vs Partial

Type of EPF Withdrawal

Purpose

Eligibility

Withdrawal Limit

Tax Implications

Processing Method

Complete Withdrawal

Allowed only after retirement or prolonged unemployment.

Retirement at 58 years or unemployment for over 2 months.

100% of the EPF balance.

Tax-free if withdrawn after 5 years of continuous service.

Online via UAN portal or offline by submitting the Composite Claim Form.

Partial Withdrawal

Allowed for specific financial needs such as medical emergencies, home purchase, education, etc.

Based on specific conditions such as minimum service years and purpose of withdrawal.

Varies based on the purpose, such as 50% for marriage/education, 36 times salary for home loan repayment.

Premature withdrawals are subject to TDS if withdrawn within 5 years of service.

Online through the UAN portal or offline via self-certified request.

Documents and Forms Required for EPF Withdrawal

To withdraw your EPF balance, you must provide the necessary documents for verification and processing. Below are the key documents required:

  • Universal Account Number (UAN) – The UAN is mandatory for online and offline withdrawal requests. Ensure your Aadhaar and PAN are linked to your UAN for seamless processing.
  • Bank account details – The EPF subscriber’s bank account number and IFSC code must be provided for direct credit of the withdrawn amount.
  • Identity and address proof – A valid Aadhaar card, Permanent Account Number, or passport serves as proof of identity and address verification.
  • Cancelled cheque – A cancelled cheque with the IFSC code and account number must be submitted to validate bank details and prevent transaction errors.

Process to Enter Exit Date for PF Withdrawal

For PF withdrawal, mentioning the exit date is essential. The Employees' Provident Fund Organisation (EPFO) now allows employees to update their date of exit from their previous employer through the Unified Member Portal, a feature previously restricted to employers. This update simplifies the EPF withdrawal process, ensuring faster claim approvals.

The process of entering exit date includes:

  1. Log in to the UAN portal and go to ‘Manage.’
  2. Select ‘Mark Exit’ and enter the last working date.
  3. Submit and verify the details.

EPF Withdrawal Taxability

EPF withdrawals are tax-free when an employee has contributed to the EPF account for five consecutive years. However, if there is a break in contributions within this period, the withdrawal amount becomes taxable in the financial year of withdrawal. This ensures that the scheme remains a long-term savings tool while discouraging premature withdrawals. Employees should be mindful of their contribution history before making a withdrawal to avoid unexpected tax liabilities.

If an employee withdraws an EPF amount before completing five years of service and the withdrawal exceeds Rs. 50,000, Tax Deducted at Source (TDS) is applied. In such cases, TDS is deducted at a rate of 10% if the employee provides a PAN (Permanent Account Number) card. If the PAN card is not submitted, the TDS rate increases to 30%. This taxation rule aims to encourage employees to retain their EPF savings until retirement or a prolonged service period, ensuring financial stability in the long run.

If an employee withdraws EPF after completing 5 continuous years of service, no TDS is collected, irrespective of the withdrawal amount. Understanding these taxability rules helps employees make informed decisions about withdrawing their EPF savings while minimizing tax implications.

How to Check PF Withdrawal Status?

  1. Log in to the UAN Portal

    Visit the UAN portal and log in using your Universal Account Number (UAN) and password. Ensure that your UAN is activated and linked to your Aadhaar for seamless access.

  2. Go to the ‘Online Services’ Tab

    Once logged in, navigate to the ‘Online Services’ section on the dashboard. Click on the ‘Track Claim Status’ option to check the progress of your EPF withdrawal or transfer request.

  3. Enter the Claim Reference Number

    Provide the claim reference number assigned during the withdrawal request. This helps in retrieving the exact status of your application and ensuring no delays.

  4. Review the Claim Status

    The screen will display real-time updates on your EPF claim status. You can see whether your request is under processing, approved, or settled by the EPFO.

  5. Check Using Alternate Methods

    If you cannot access the portal, track your EPF claim using the EPFO mobile app (UMANG app) or by sending an SMS to the designated EPFO number from your registered mobile number.

Conclusion

EPF withdrawal rules are designed to balance long-term savings with financial flexibility during emergencies. Whether withdrawing funds due to retirement, unemployment, or specific needs such as medical expenses or home purchases, employees must be aware of eligibility criteria, tax implications, and documentation requirements. The introduction of online claim processing through the UAN portal has made withdrawals more accessible, reducing dependency on employers and simplifying the overall process.

To ensure a smooth withdrawal, employees should verify that their Permanent Account Number, Aadhaar, and bank details are correctly linked to their EPF account. Understanding the taxability of withdrawals and taxability can help minimize tax deductions. By planning withdrawals strategically and staying informed about EPFO regulations, employees can make the most of their EPF savings while maintaining financial security for the future. Additionally, those looking to reinvest their EPF withdrawals can explore market-linked options by opening a Demat account and trading account online. Investing the proceeds can help optimize savings and maximize financial security.

Open Demat Account

Share this article: 

Frequently Ask Questions

No Data Found

search icon

Read More Blogs

blogimage

Bonus Shares Credited to Demat Account – Crediting Process

Learn about the timelines and procedures for crediting bonus shares to Demat accounts following corporate actions and bonus issue announcements at Bajaj Broking.

25 Mar, 2025 | 7 Min. read
blogimage

Interim Dividends

An interim dividend is a payment made by a company to its shareholders before the annual general meeting (AGM) and the final financial statements. Read more.

25 Mar, 2025 | 4 Min. read
blogimage

Sweep Account

A sweep account automatically transfers excess funds into interest-earning investments or pays off debts, optimizing cash management and liquidity

25 Mar, 2025 | 6 Min. read
blogimage

Shelf Prospectus

A shelf prospectus is a regulatory document submitted by companies, enabling them to issue securities to investors multiple times within its validity period.

25 Mar, 2025 | 5 Min. read
blogimage

Assessment Year and Financial Year

The Assessment Year (AY) follows the Financial Year (FY), both running from 1 April to 31 March. Discover their key differences with Bajaj Broking.

25 Mar, 2025 | 7 Min. read
blogimage

Things You Need To Know About Mutual Fund NAV

NAV isn't the only factor to consider when investing in mutual funds. Explore key insights and clear your doubts about NAV before making investment decisions.

25 Mar, 2025 | 4 Min. read
blogimage

Equity Curve

Learn about equity curve at Bajaj Broking. Understand the implications of the curve for investors and more. Read more on the website now!

25 Mar, 2025 | 5 Min. read
blogimage

What is GIFT Nifty?

Explore how the GIFT Nifty is transforming India's financial landscape. Learn about its unique features, trading implications, and the strategic shift from SGX Nifty.

25 Mar, 2025 | 4 Min. read
blogimage

Gold Rate Today | 25 March 2025

Update with gold rate today 25 March 2025, & last 10 days gold price in India, based on rupees per gram for 18, 24 & 22 Carat/Karat in major Indian cities.

25 Mar, 2025 | 40 Min. read
blogimage

SIP Plans for 1,000 Per Month

Explore a list of SIP plans for 1000 per month, including AUM, expense ratio, annualised returns, and NAV. Discover the top options for consistent returns here.

25 Mar, 2025 | 5 Min. read

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

9 lakh+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300+ Cr MTF Book

icon-with-text
Open Demat Account

TRENDING CALCULATORS AND STOCKS ON BAJAJ BROKING

Popular Stock

top-popular-on-bfsl

POPULAR STOCKS: Tata Motors Share Price Infosys Share Price IRFC Share Price SBI Card Share Price Cipla Share Price NBCC Share Price IDFC First Bank Share Price IRCTC Share Price PNB Share Price Zomato Share Price Vodafone Idea Share Price Axis Bank Share Price JSW Steel Share Price Bandhan Bank Share Price SBI Share Price Tata Steel Share Price ONGC Share Price Ashok Leyland Share Price Paytm Share Price Subex Share Price DLF Share Price Reliance Share Price HDFC Bank Share Price Suzlon Share Price IOC Share Price HUL Share Price Asian Paints Share Price Bank Of Baroda Share Price ITC Share Price TCS Share Price HFCL Share Price Icici Bank Share Price Tata Chemicals Share Price CDSI Share Price MRF Share Price Tata Power Share Price Adani Green share price BPCL Share Price Vedanta Share Price Dmart Share Price Hindalco Share Price LIC Share Price SAIL Share Price Adani Port Share Price IEX Share Price Nalco Share Price L&T Share Price Adani Power Share Price BHEL Share Price Bajaj Finance Share Price Canara Bank Share Price Indusind Bank Share Price Gail Share Price Yes Bank Share Price Wipro Share Price Happiest Minds Share Price Coal India Share Price Maruti Share Price Reliance Power Share Price

 

INDIAN INDICES: Nifty 50 Share Price SENSEX Share Price Nifty Next 50 Share Price BSE100 Share Price Nifty Bank Share Price LRGCAP Share Price Nifty 100 Share Price MIDCAP Share Price Nifty 200 Share Price SMLCAP Share Price Nifty 500 Share Price BSE500 Share Price Nifty Midcap 50 Share Price ALLCAP Share Price NIFTY SMLCAP 50 Share Price BSE200 Share Price India VIX Share Price BSEIPO Share Price

ATTENTION INVESTORS:

“Investments in securities market are subject to market risk, read all the scheme related documents carefully before investing."

"Prevent Unauthorized transactions in your Trading/Demat Account. Update your mobile numbers/email IDs with your stock brokers/Depository Participant. Receive alerts/information of your transaction/all debit and other important transactions in your Trading/ Demat Account directly from Exchange/CDSL/NSDL at the end of the day. Issued in the interest of investors."

" We collect, retain, and use your contact information for legitimate business purposes only, to contact you and to provide you information & latest updates regarding our products & services."  

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"We understand that certain investment advisors may be approaching members of the public including our clients, representing that they are our partners, or representing that their investment advice is based on our research. Please note that we have not engaged any third parties to render any investment advisory services on our behalf nor are we providing any stock recommendations/tips/research report/advisory. Persons making investments on the basis of such advice may lose all or a part of their investments along with the fee paid to such unscrupulous persons. Please be cautious about any phone call that you may receive from persons representing to be such investment advisors, or a part of research firm offering advice on securities. Do not make payments through e-mail links, WhatsApp or SMS. Please do not share your personal or financial information with any person without proper verification. Always trade through a registered broker."

Bajaj Financial Securities Limited is a subsidiary of Bajaj Finance Limited and is a corporate trading and clearing member of Bombay Stock Exchange Ltd. (BSE)  and National Stock Exchange of India Ltd. (NSEIL), and also a Depository participant with National Securities Depository Ltd (“NSDL”) and Central Depository Services Ltd. (“CDSL”).

Bajaj Financial Securities Limited is engaged in the business of Stock Broking and as a Depository Participant.Bajaj Financial Securities Limited does not provide any advisory services to its clients. Bajaj Financial Securities Limited may share updates from time to time (through various electronic communication modes) which are sourced from public domain and the same are NOT to be construed as any advice or recommendation from Bajaj Financial Securities Limited. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever.

The Stock Exchange, Mumbai is not in any manner answerable, responsible or liable to any person or persons for any acts of omission or commission, errors, mistakes and/or violation, actual or perceived, by us or our partners, agents, associates etc., of any of the Rules, Regulations, Bye-laws of the Stock Exchange, Mumbai, SEBI Act or any other laws in force from time to time.

The Stock Exchange, Mumbai is not answerable, responsible or liable for any information on this Website or for any services rendered by our employees, our servants, and us.

Personal Loan, Fixed Deposit, EMI Card are provided by Bajaj Finance Limited. Bajaj Financial Securities Limited is only a distributor. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism.

No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.

Please Note:

  1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020

  2. Update your mobile number & email ID with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

  3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

  4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 and BSE vide notice no. 20200731-7 dated July 31, 2020 and 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.

  5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language: BSE | NSE

If the client wishes to revoke /cancel the EDIS mandate placed by them, they can write on email to connect@bajajbroking.in  or call on the toll free number.

Advisory for Investors : NSE | BSE

ADVISORY - KYC COMPLIANCE

ADVISORY – PRECAUTIONS FOR CLIENTS DEALING IN OPTIONS

We also do pro-account trading in Equity & Derivatives Segment.

Filling complaints on SCORES - Easy & Quick

A.  Register on SCORES portal B. Mandatory details for filling complaints on SCORES (i) Name, PAN, Address, Mobile Number, E-mail ID C. Benefits: (i) Effective Communication (ii) Speedy redressal of the grievances.

SEBI Registration No.: INZ000218931 | BSE Cash/CDS/F&O (Member ID: 6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403 Research Analyst SEBI Registration No. INH000010043

Compliance officer:

Mr. Harinatha Reddy Muthumula
TEL: 020-48574486
Email: compliance_sec@bajajbroking.in, for any investor grievances write to compliance_sec@bajajbroking.in for DP related to Compliance_dp@bajajbroking.in .

DISCLAIMER

STANDARD DISCLAIMER

Investments in the securities market are subject to market risk, read all related documents carefully before investing.

Reg Office: Bajaj Auto Limited Complex, Mumbai –Pune Road Akurdi Pune 411035. Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014. SEBI Registration No.: INZ000218931 | BSE Cash/F&O/CDS (Member ID:6706) | NSE Cash/F&O/CDS (Member ID: 90177) | DP registration No: IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN –163403. 

Website: https://www.bajajbroking.in/

RESEARCH DISCLAIMER

Broking services offered by Bajaj Financial Securities Limited | Registered Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035 | Corporate Office: Bajaj Financial Securities Limited, 1st Floor, Mantri IT Park, Tower B, Unit No 9 & 10, Viman Nagar, Pune, Maharashtra 411014 | CIN: U67120PN2010PLC136026 | Research Analyst SEB I Registration No: INH000010043.

Details of Compliance Officer: 

Mr. Harinatha Reddy Muthumula (For Broking/DP/Research)
Email: compliance_sec@bajajbroking.in
Contact No.: 020-4857 4486 

Investment in the securities involves risks, investor should consult his own advisors/consultant to determine the merits and risks of investment.

DISCLOSURES

Disclosures under the provisions of SEBI (Research Analysts) Regulations 2014 (Regulations) 

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. This research report has been prepared and distributed byBajaj Financial Securities Limited in the capacity of a Research Analyst as per Regulation 22(1) of SEBI (Research Analysts) Regulations 2014 having SEBI Registration No. INH000010043. 

DISCLAIMER

This e-mail/ short message service (SMS) may contain confidential, proprietary or legally privileged information. It should not be used by anyone who is not the original intended recipient. If you have erroneously received this message, please delete it immediately and notify the sender. The recipient acknowledges thatBajaj Financial Securities Limited or its holding and/or associated companies, as the case may be, are unable to exercise control or ensure or guarantee the integrity of/over the contents of the information contained in e-mail /SMS transmissions and further acknowledges that any views expressed in this message are those of the individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of Bajaj Financial Securities Limited. This message is not intended as an offer or publication or solicitation for distribution for subscription of or purchase or sale of any securities or financial instrument(s) to anyone in whose jurisdiction such subscription etc. requires prior local regulatory clearance or is contrary to the local laws of the land in any manner or as an official confirmation of any transaction. Before opening any attachments, please check them for viruses and defects. 

This service / information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose unless otherwise expressly authorised. This service / information is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subjectBajaj Financial Securities Limited and affiliates/ group/holding companies to any registration or licensing requirements within such jurisdiction. The distribution of this document in certain jurisdictions may be restricted by law, and persons in whose possession this document comes, should inform themselves about and observe any such restrictions.  

The data would be provided to the clients on an "as is" and "where-is" basis, without any warranty. Bajaj Financial Securities Limited or its subsidiaries and associated companies shall not be liable for any delay or any other interruption which may occur in providing the data due to any reason including network (Internet) reasons or snags in the system, breakdown of the system or any other equipment, server breakdown, maintenance shutdown, breakdown of communication services or inability of the Bajaj Financial Securities Limited or its subsidiaries and associated companies to provide the data. In no event shall the Bajaj Financial Securities Limited or its holding and associated companies be liable for any damages, including without limitation direct or indirect, special, incidental, or consequential damages, losses or expenses arising in connection with the data provided by the Bajaj Financial Securities Limited or its holding and associated companies.

ADDITIONAL DISCLAIMER FOR U.S. PERSONS

Bajaj Financial Securities Limited is not a registered broker-dealer under the U.S. Securities Exchange Act of 1934, as amended (the"1934 act") and under applicable state laws in the United States. In addition, Bajaj Financial Securities Limited is not a registered investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act" and together with the 1934 Act, the "Acts), and under applicable state laws in the United States. Accordingly, in the absence of specific exemption under the Acts, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for U.S. persons. This email message does not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services and/or shall not be considered as an advertisement tool. "U.S. Persons" are generally defined as a natural person, residing in the United States or any entity organized or incorporated under the laws of the United States. US Citizens living abroad may also be deemed "US Persons" under certain rules.  

ADDITIONAL DISCLAIMER FOR CANADIAN PERSONS

Bajaj Financial Securities Limited is not a registered adviser or dealer under applicable Canadian securities laws nor has it obtained an exemption from the adviser and/or dealer registration requirements under such law. Accordingly, any brokerage and investment services provided by Bajaj Financial Securities Limited, including the products and services described herein are not available to or intended for Canadian persons.  

This mailer and its respective contents do not constitute an offer or invitation to purchase or subscribe for any securities or solicitation of any investments or investment services.  

DISCLAIMER FOR REPORT

DISCLOSURES UNDER THE PROVISIONS OF SEBI (RESEARCH ANALYSTS) REGULATIONS 2014 (REGULATIONS)

Bajaj Financial Securities Limited ("Bajaj Broking" or "Research Entity") is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities.  

This Report has been prepared by Bajaj Financial Securities Limited in the capacity of a Research Analyst having SEBI Registration No. INH000010043 and distributed as per SEBI (Research Analysts) Regulations 2014. This report does not constitute an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. The information contained herein is from publicly available data or other sources believed to be reliable. This report is provided for assistance only and is not intended to be and must not alone be taken as the basis for an investment decision. The user assumes the entire risk of any use made of this information. Each recipient of this report should make such investigation as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document (including the merits and risks involved), and should consult his own advisors to determine the merits and risks of such investment. The investment discussed or views expressed may not be suitable for all investors.  

This information is strictly confidential and is being furnished to you solely for your information. This information should not be reproduced or redistributed or passed on directly or indirectly in any form to any other person or published, copied, in whole or in part, for any purpose. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation or which would subject Bajaj Financial Securities Limited and associates / group companies to any registration or licensing requirements within such jurisdiction. The distribution of this report in certain jurisdictions may be restricted by law, and persons in whose possession this report comes, should observe, any such restrictions. The information given in this report is as of the date of this report and there can be no assurance that future results or events will be consistent with this information. This information is subject to change without any prior notice. Bajaj Financial Securities Limited reserves the right to make modifications and alterations to this statement as may be required from time to time. Bajaj Financial Securities Limited or any of its associates / group companies shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this report. Bajaj Financial Securities Limited is committed to providing independent and transparent recommendation to its clients. Neither Bajaj Financial Securities Limited nor any of its associates, group companies, directors, employees, agents or representatives shall be liable for any damages whether direct, indirect, special or consequential including loss of revenue or lost profits that may arise from or in connection with the use of the information. Our proprietary trading and investment businesses may make investment decisions that are inconsistent with the recommendations expressed herein. Past performance is not necessarily a guide to future performance .The disclosures of interest statements incorporated in this report are provided solely to enhance the transparency and should not be treated as endorsement of the views expressed in the report. The information provided in these reports remains, unless otherwise stated, the copyright of Bajaj Financial Securities Limited. All layout, design, original artwork, concepts and other Intellectual Properties, remains the property and copyright of Bajaj Financial Securities Limited and may not be used in any form or for any purpose whatsoever by any party without the express written permission of the copyright holders.  

We offer our research services to clients as well as our prospects. Though this report is disseminated to all the customers simultaneously, not all customers may receive this report at the same time. We will not treat recipients as customers by virtue of their receiving this report.  

Bajaj Financial Securities Limited and its associates, officer, directors, and employees, research analyst (including relatives) worldwide may: (a) from time to time, have long or short positions in, and buy or sell the securities thereof, of company(ies), mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation or act as a market maker in the financial instruments of the subject company/company(ies) discussed herein or act as advisor or lender/borrower to such company(ies) or have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance. Bajaj Financial Securities Limited may have proprietary long/short position in the above-mentioned scrip(s) and therefore should be considered as interested. The views provided herein are general in nature and do not consider risk appetite or investment objective of any particular investor; readers are requested to take independent professional advice before investing. This should not be construed as invitation or solicitation to do business with Bajaj Financial Securities Limited.  

Bajaj Financial Securities Limited or its associates may have received compensation from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have managed or co-managed public offering of securities for the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received compensation for investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates may have received any compensation for products or services other than investment banking or merchant banking or brokerage services from the subject company in the past 12 months. Bajaj Financial Securities Limited or its associates have not received any compensation or other benefits from the Subject Company or third party in connection with the research report. Research analyst or his/her relative or Bajaj Financial Securities Limited’s associates may have financial interest in the subject company. Bajaj Financial Securities Limited, its associates, research analyst and his/her relative may have other potential/material conflict of interest with respect to any recommendation and related information and opinions at the time of publication of research report or at the time of public appearance.  

Research analyst has served as an officer, director or employee of subject Company: No  

Bajaj Financial Securities Limited has financial interest in the subject companies: No  

Bajaj Financial Securities Limited’s Associates may have actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report.  

Research analyst or his/her relative has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Bajaj Financial Securities Limited has actual/beneficial ownership of 1% or more securities of the subject company at the end of the month immediately preceding the date of publication of research report: No  

Subject company may have been client during twelve months preceding the date of distribution of the research report.  

There were no instances of non-compliance by Bajaj Financial Securities Limited on any matter related to the capital markets, resulting in significant and material disciplinary action during the last three years. A graph of daily closing prices of the securities is also available at https://www.nseindia.com/

ANALYST CERTIFICATION

The analyst for this report certifies that all of the views expressed in this report accurately reflect his or her personal views about the subject company or companies and its or their securities, and no part of his or her compensation was, is or will be, directly or indirectly related to specific recommendations or views expressed in this report.  

RISK DISCLOSURE ON DERIVATIVES

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to ₹ 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.

SEBI study dated January 25, 2023 on “Analysis of Profit and Loss of Individual Traders dealing in equity Futures and Options (F&O) Segment”, wherein Aggregate Level findings are based on annual Profit/Loss incurred by individual traders in equity F&O during FY 2021-22.

BROKERAGE DISCLAIMER

All leveraged intraday positions will be squared off on the same day. There is no restriction on the withdrawal of the unutilised margin amount. Brokerage will not exceed the SEBI prescribed limit. Visit : https://www.bajajbroking.in/pricing

MTF 

As subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017, and the terms and conditions mentioned in the lights and obligations statement issued by the TM (if applicable).  

US INVESTING

International investment is not supervised by any regulatory body in India. Thus, any claim or dispute relating to such investment or enforcement of any agreement/contract /claim will not be under laws and regulations of the recognized stock exchanges and investor protection under Indian Securities Law. The account opening process will be carried out on Vested platform and Bajaj Financial Securities Limited will not have any role in it.  

MARKETSMITH / GOLDENPI / SOVEREIGN GOLD BONDS

Bajaj Financial Securities Limited is only distributor of this product. These are not exchange traded products and all disputes with respect to the distribution activity, would not have access to exchange investor redressal forum or Arbitration mechanism. Bajaj Financial Securities Limited is not a registered Investment Advisory. User discretion is required before investing. Client is requested to independently evaluate and/or consult their professional advisors before arriving at any conclusion to make any investment. The decision to invest shall be the sole responsibility of the Client and shall not hold Bajaj Financial Securities Limited, its employees and associates responsible for any losses, damages of any type whatsoever. 

IPO 

This should not be construed as soliciting investment. Investors’ discretion is required. Kindly consult your financial expert before investing. No need to issue cheques by investors while subscribing to IPO. Investments in securities markets are subject to market risks, read all the related documents carefully before investing.  

SCREENERS 

Screeners is not Exchange-approved products and any disputes related to the same will not be dealt on the Exchange platform. 

SECURITIES 

Securities quoted are exemplary and not recommendatory. 

IPV 

Account would be open after all procedure relating to IPV and client due diligence is completed. 

IMAGES 

The images used are only for representation purpose. Proper due diligence has been done for the images and the image is not of any artist. The same is captured from royalty free sites. 

DISCLOSURE TO CLIENTS REGARDING PAYOUT OF FUNDS

As per SEBI circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/84 dated June 08, 2023, Stockbrokers are required to upstream the entire client funds lying with them to the Clearing Corporation. Based on client’s request the funds’ release request must be placed with the Clearing Corporation. Based on the internal process and cut-off timelines of the Clearing Corporation the funds will be released to the Stock Broker. In view of this new process, as specified by the regulatory and the cut-off time of Clearing Corporation/Banks processing the funds, Bajaj Financial Securities Limited cannot commit the exact time for releasing funds payout to its client. Clients are requested to note that, Bajaj Financial Securities Limited will not be responsible for any inconvenience caused to clients due to delay in release of funds payout, including fines, delayed charges, defaults, etc.