hi plz let me know the procedure for withdrawal of pf amount and can we withdraw (advace) the amount after one year of service? with regards ch.pranath. 9844004246.
From India, Bangalore
From India, Bangalore
For withdrawing the EPF(Provident Fund) and EPS (Pension Scheme) accumulations you have to apply in form 19 and form 10 C respectively. The forms are available in the Employees Provident Fund Orhanisation's office free of cost. You can also get it downloaded from the EPFO's website. One who has completed 10 years of service cannot withdraw Pension Fund.
During the course of service an employee is entitled to take advance from the fund. There are different kinds of advances available. For each type of advance separate guidelines is also issued. As such, for house construction, purchase of residential building etc, one has to complete a minimum of 5 years in the fund and for marriage of self and dependants, the minimum service required is 7 years. Similarly, for major surgery and medical treatment, non receipt of salary for a minimum of 2 months, loss caused by natural calamity etc adavance shall be permitted. Please go through the site of EPFO for more information or give details for which you wish to take advance sothat I can also be specific.
Regards,
Madhu.T.K
From India, Kannur
4250During the course of service an employee is entitled to take advance from the fund. There are different kinds of advances available. For each type of advance separate guidelines is also issued. As such, for house construction, purchase of residential building etc, one has to complete a minimum of 5 years in the fund and for marriage of self and dependants, the minimum service required is 7 years. Similarly, for major surgery and medical treatment, non receipt of salary for a minimum of 2 months, loss caused by natural calamity etc adavance shall be permitted. Please go through the site of EPFO for more information or give details for which you wish to take advance sothat I can also be specific.
Regards,
Madhu.T.K
From India, Kannur
Hi Pranath,
Our friend Madhu as given a lot of details. For the more on the same, you can visit EPFO
Regards
Amith R.
From India, Bangalore
Our friend Madhu as given a lot of details. For the more on the same, you can visit EPFO
Regards
Amith R.
From India, Bangalore
For withdrawal benefits you have to submit the form 19 and 10 C duly filled through your past employer. Normally, these forms are required to be submitted after a waiting period of two months to ensure that you are not employed in any organisation where the EPF Act applies. That means, you can send the withdrawal forms without any time limit.
If you have not gained 10 years service you can get full withdrawal + interest as applicable. That means double the amount contributed by you towards EPF.
Regards,
Madhu.T.K
From India, Kannur
If you have not gained 10 years service you can get full withdrawal + interest as applicable. That means double the amount contributed by you towards EPF.
Regards,
Madhu.T.K
From India, Kannur
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Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc