instead for resigning, you can ask the employee to take advance from his pf department.
The employee may withdraw the amount in advance mainly on the following grounds:-
Purchase of house.
Purchase of Land.
Construction or alteration of House.
Repayment of housing loans.
Lockout or closure of Factory as defined under the Industrial Dispute Act.
Illness of the EPF member or any of his/her family.
Marriage of self or son/daughter/brother/sister.
Post Matriculation education of children.
Cut in electricity in an establishment.
Purchasing equipment for physically handicapped.
One year before retirement.
Investment in Varishtha Pension Bima Yojana.
Limits of EPF Partial Withdrawal:
Employees can make withdrawals based on the below listed circumstances. Listed below is the withdrawal purpose, the minimum service requirement to be eligible to make the withdrawal, the PF withdrawal limit and the relations for who the employee can make the withdrawal.
21st August 2018 From India, Chennai