% of Employee Provident Fund allowed to be withdrawn - termination policy

abduldham Started The Discussion:

what is the percentage of the EPF that can be withdrawn at a time??

Ed Llarena, Jr. -  Member Since: Jun 2004

An Employee Provident Fund (EPF) is supposed to be governed by very specific policies from the on-set of its creation. Issues like employee contribution, management or company counterpart/ share, member entitlements, withdrawals, membership termination, etc. are supposed to be the first things that should be addressed when it is created and starts operation.

Of course, there are organizations that start an EPF without them.

I have seen some organizations whose fund has grown so big, yet safeguards for the EPF is vague. That's why sometimes there are fraud in the management of such funds, esp when the laws are silent and/ or there is no government body that supervises or has oversight function over its operation/ admdinistration.

I suggest you create formal policies for your fund before it becomes too late.

My outfit especialises in the set-up of cooperatives, non-stock savings and loan associations, and provident funds. We can help you develop a complete policy manual for it.

Get in touch should you be interested.

Best wishes.

Ed Llarena, Jr.
Managing Partner
Emilla Consulting
Manila, Philippines

ravi Shankar -  Member Since: Apr 2005
Provident Fund is meant for, I believe, to safeguard the life of the employee and his/her family after his/her retirement. However, the Act has also given some flexibility to withdraw money for a specific purposes like construction of House, marriage etc. Dependig on the amount saved with the provident fund, amount can be withdrawn not more than 50%.

haritham -  Member Since: Nov 2004
Hi Ed Llarena

Can you pls let us know how to set-up cooperatives, non-stock savings and loan associations, and provident fund, pls explain each of them. i wish to do this for our employees.


manusush -  Member Since: May 2005
how much % of epf is allowed to be withdrawn for purchase of new house, and can i know how much i hv completed with epf by entering my pf account no?

baru -  Member Since: Apr 2005
Can i know what is the minimum amount of salary PF is paid?(For example if an employee's salary is Rs.1000.Is PF paid to him)
Can a person withdraw his PF amount all at once or there are any limits for that? After resigning an organization , at what particular period he becomes eligible for withdrawing PF amount?
Thank you


Ashokchy -  Member Since: Dec 2004
Hi All, I am attaching a PPT for clarifying all the things related to Provident Fund. Hope this will clear all the quarries about PF in India for Private Sector. Regards Ashok kumar

Attached FilesProvided by community member Ashokchy. Join us to learn and grow with your peers.
File Type: ppt know_your_p.f-ak.ppt (93.5 KB, 2728 views)
baru -  Member Since: Apr 2005
Hi Ashok, How r u? Thank u for immediate responce. I could not find the PPT as attchment, pls can u forward it my personal ID. Regards, Bhargavi bhargavi_k9@yahoo.co.in

kanaka -  Member Since: Jun 2005

regarding pf withdraw,

for purchasing a site, employee can withdraw basic+da 24 months or actual value for that site or employees contribution with interest.

Employee should put up minimum 5 years service to withdraw the fund.

for purchasing a house, employee can withdraw basic+da 36 months or actual value for that site or employees contribution with interest


lalanjee jha -  Member Since: Jul 2008
Dear All,
I am working in sea food ( pron export) organisation. I want to know the minimum no. of employees for P.F applicability. Here is also rules of 20 or 10 minimum employees. Kindly clarify me

Thanks & Regards


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