Dear Sumit,
The context is absolutely wrong. An employee can withdraw his PF even during his continuation of service with the respected organization. The type of availability is called advance and the form used is PF Form 31. A member of the fund may avail the following non-refundable in advances.
1.Purchase of the Dwelling site
2.Purchase of Dwelling-house/Flat
3.Construction of a House
4.Addition, Alteration, or Improvement to the House Owned by member or by Spouse
7. Non-receipt of wages for 2 months
8. Illness of family member
9. Marriage of Self/Son/Daughter/Sister/Brother
10. Post-Matriculation Education of Son/Daughter
11. Damage to the property due to Natural Calamity
12. Affected by cut in electricity
13. Purchase of Equipment for physically Handicapped Member.
Thanks & Regards,
Maninder Singh
Manager - HR
From India, Calcutta
The context is absolutely wrong. An employee can withdraw his PF even during his continuation of service with the respected organization. The type of availability is called advance and the form used is PF Form 31. A member of the fund may avail the following non-refundable in advances.
1.Purchase of the Dwelling site
2.Purchase of Dwelling-house/Flat
3.Construction of a House
4.Addition, Alteration, or Improvement to the House Owned by member or by Spouse
5.Repayment of (Housing Loan to State Govt. Housing Board, Municipal Corporation or a Body similar to Delhi Dev. Authority
6.Closure/Lockout of the Factory & Establishment, for reasons other than Strike; 7. Non-receipt of wages for 2 months
8. Illness of family member
9. Marriage of Self/Son/Daughter/Sister/Brother
10. Post-Matriculation Education of Son/Daughter
11. Damage to the property due to Natural Calamity
12. Affected by cut in electricity
13. Purchase of Equipment for physically Handicapped Member.
Thanks & Regards,
Maninder Singh
Manager - HR
From India, Calcutta
hi ,
You can not withdraw your PF Amount while working, but you can working 5 year above in company u apply for some advance from your PF amount for the following reasons
Marriage / Education
Treatment
Purchase or construction of Dwelling house
Repayment of Housing Loan
Purchase of Plot
Addition/Alteration of House
Repair of House
Withdrawal Prior to Retirement
Hope i have clarified your doubt.
regards
shiva
From India, Chennai
You can not withdraw your PF Amount while working, but you can working 5 year above in company u apply for some advance from your PF amount for the following reasons
Marriage / Education
Treatment
Purchase or construction of Dwelling house
Repayment of Housing Loan
Purchase of Plot
Addition/Alteration of House
Repair of House
Withdrawal Prior to Retirement
Hope i have clarified your doubt.
regards
shiva
From India, Chennai
Dear Friends
I am working with my organisation for more than a decade and all these years(say for 9 years) my PF account was with my organisation's trust later on all the trust PF accounts were transferred to RPFC regional PF accounts. My question in this regards is that, whether my account with the RPFC will be treated as a fresh account or it will be treated as a account which is there for more than a decade.
Pls explain
From India, Mumbai
I am working with my organisation for more than a decade and all these years(say for 9 years) my PF account was with my organisation's trust later on all the trust PF accounts were transferred to RPFC regional PF accounts. My question in this regards is that, whether my account with the RPFC will be treated as a fresh account or it will be treated as a account which is there for more than a decade.
Pls explain
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF WORKING-MASTER SUMMARY.xls