From India, Gurgaon
An employee who worked for only 3 months is eligible to withdraw only EPF amount (i.e: 12% + 3.67%) at his credit and cant draw Pension Fund(i.e: 8.33%)
Hope it is clear to u.
Shahida.R
HR Executive
From India, Mumbai
If Any employee worked with any organisation who covered with EPF act, then those employee elgible only for withdrawl only for provedent Fund (12% of Employee's+ 3.67% from Employer's Share) and 8.33% of penssion fund not withdrawl from PF account.
Regards,
Vijay KUmar Thukral
From India, Delhi
it's clear to me that a person who have worked for 3 mnths, he can withdraw the PF i.e. 12%+3.67%. But what about the 8.33%. wheather he can withdraw it by submitting form 10c or not. plz clear.
Regards
jitul
From India
From India, New Delhi
From India, Bhubaneswar
On retirement or on leaving service, the Provident Fund accumulations can be withdrawn in full by submitting application in Form 19.
In case of premature death, the Provident Fund is payable to Nominee(s)/ family members by submission of Form 20 by each beneficiary.
Regarding Pension Fund the position is as follows:
• Where an employee has not served for 10 years on the date of leaving service and has not attained the age of 58 years, he may obtain a Scheme Certificate so as to continue his membership during un-employment period and the same can be used to count the previous service as and when he joins another establishment covered under the Act.
From India, Madras
From India, Madras
From India, Pune