PF Withdrawl [Thread 23435] - CiteHR
David_kingin
Human Resources
R Devarajan
Human Resources Manager
Vikasn_21
Sr. Executive Hr
Sweety11m
Hr Executive
Sitaram
Service
+5 Others

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Hello !
I left my previous company in mid Dec 06 in chennai and have taken a new job in Bangalore ,
Can you please let me know :
1. What is the procedure for closing the PF and withdrawing the money
2. Will i get 100% of my PF money and in how many days from the date of submitting the PF withdrawl form
regards
Sitaram

hi

regarding PF settlement, first you must decide whether you are get the entire PF settlement or going to transfer PF. if case of settlement, you have approach the HR department and request for arranging settlement. some companies provide PF settlement forms themselves, other companies will inform the employees to get the forms from the PF office. based on that there are two forms for PF. Form 19 and 10C is for provident fund and pension withdrawal respectively. if your pF accumulation is below rs.2000/-, then it can be claimed thru M.O. if it is more that 2000/- then you have to attach a copy of your bank passbook with account number. The HR department will fill and the forms will be signed by the authority concerned. Normally PF should be applied only after 60 days from the date of leaving service of an employee. The processing time for PF at the PF office is 35 days. So if all the particulars and documents are found to be correct, within 105 days the entire PF will be settled .

further doubt feel free to ask

regards

devarajan

hi sitaram
Regarding your 2nd question
your total amount of PF (12%+12%) goes to 2 seprate account. one is PF Account and another is pension account.
If your services is less than 6 months and you wants to withdraw your PF than your claim is only for 15.67% of PF amount (24%).
You cannot claim your pension amount (8.67%)
Rgds
Vikas

yes offcourse, you will be eligible for pension only after completion of 10 years of service. regards devarajan
Hi friends,
Even I dont know how to get claim and if i dont withdraw the money how long is the money safe in the PF account.
I have discontinued the account two months back and my present organization does not provide PF facility I dont want to withdraw money or lose that money.
Plz. guide me what to do.
Regards
Rachna

Dear Rachan
Please provide your service period. You have two option
1. Withdraw your PF(15.67%) & Pension (8.33%)
2.Withdraw your PF (15.67%) and get pension certificate for your pension fund amount.
Vikas S

Hi friends, My present organization does not provide PF facility I dont want to withdraw money or any option is there to continue the PF account.
Hi Vikas and Devarajan,
Is there an option to withraw the Pension account (8.33%) if an employee has more than 10 yr service and if he is not interested in going for pension . In this scenerio the employee has 11 yrs service and closes the PF account at the end of 11 th year.
-David

Dear All let me give you the answer of this question,
for PF withdraw you need to fill Form no 19 along with form 5 & 10, form 3A , Break in Service form, Bank Pass Book Xerox or Crosses cheque, (It should ne single account dual account would not be applicable ) if your service is less than 10 years then u will get your full pension amount with PF for this you need to fill, form 10C with same encloser and also put reveue stamp with crossed signed.. all the form should be certified by Authorised Signatory of the Org. after that from the date of ur resignation till 60 days is cooling period then after cocern dep.t can submmit the form to EPFO (Employee Provident Fund Organisation) after that they will get reciept.
Try to avoide overwritting, do not close your bank acount without gettng your PF money.

Now day NSSN (National Social Security Number form) is also necessary without this u can claim for your PF

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