Hi Friends,
My company has taken up a policy of converting the contract associates into employees on a CTC basis, that is with PF, ESI, etc., legally recognizing them as official employees of the company.
What my doubt is about is, is there any rule on Provident Fund rules stating that the employee should have worked with the company for a specified period of time to be eligible for withdrawal of his Provident Fund amount. I once heard that an employee has to work for at least 3 months with the same company to be eligible for his Employee Pension Fund amount and at least 6 months to be eligible for withdrawing his PF amount. This is the case if he opens a first-time PF account with the company.
Could you please give me the right information on this matter.
From India, Bangalore
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1My company has taken up a policy of converting the contract associates into employees on a CTC basis, that is with PF, ESI, etc., legally recognizing them as official employees of the company.
What my doubt is about is, is there any rule on Provident Fund rules stating that the employee should have worked with the company for a specified period of time to be eligible for withdrawal of his Provident Fund amount. I once heard that an employee has to work for at least 3 months with the same company to be eligible for his Employee Pension Fund amount and at least 6 months to be eligible for withdrawing his PF amount. This is the case if he opens a first-time PF account with the company.
Could you please give me the right information on this matter.
From India, Bangalore
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Hi,
I left a company on 31st April 2007, and after that, I submitted Form 19 & 10C for PF withdrawal. However, to date, I have not received anything from them. I would like to know if, as it has been over 2 years since I left my job at that company, I am entitled to receive any interest on my pending PF amount for these two years.
Subhasis
From India, Calcutta
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I left a company on 31st April 2007, and after that, I submitted Form 19 & 10C for PF withdrawal. However, to date, I have not received anything from them. I would like to know if, as it has been over 2 years since I left my job at that company, I am entitled to receive any interest on my pending PF amount for these two years.
Subhasis
From India, Calcutta
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF WITHDRAWAL RULES.zip
PF-Know Employees Provident Fund-CHART-L-4. doc