Planning to Quit? How to Withdraw Your PF Amount and Understand the Process

Hi, I joined this company in February 2008, and now I want to withdraw my portion of the amount from my PF account. Is it possible? If yes, what is the procedure? I am planning to quit the job very soon and am not sure whether I will get my F&F done. Therefore, I am planning to get my PF for which I am liable. Please advise ASAP.

There are two ways of getting your PF amount (definitely along with the employer's contribution). You can either withdraw it by submitting Form 19 (for provident fund) and Form 10 C (for the pension fund). These forms are required to be signed by the employer you were working with. If the employer does not sign, you can get them signed by the Bank Manager or a Government gazetted Officer.

Alternatively, you can get the amount transferred to your new PF account upon joining another organization to which the Act applies. For transfer, Form 13 may be submitted to the EPF Office through your new employer. Here, the signature of your past employer is not required.

Regards,
Madhu.T.K

Dear Mr. Madhu,

I have a query related to this matter. Please clarify:

1. Is it a rule in the PF Act to sign by a Gazetted officer or Bank Manager if the employer is not ready to sign on Form No. 19 & 10C?

2. If any employer has a trust for PF and after the resignation of any employee, they are not ready to sign PF documents, what should be done in this situation to withdraw the PF amount?

If possible, please send me at rahultomerhr@gmail.com

Thank you and regards,
RAHUL

For unexempted establishments, if the employer does not sign the withdrawal forms, it may be signed by a Gazetted Officer or a Bank Manager. I am not sure about the case of exempted establishments which have a separate PF Trust. However, there is a provision in the Provident Fund Schemes that if an employer refuses to sign a withdrawal form, the employee can send it to the EPF Office, and the Asst. Provident Fund Commissioner will send it to the employer for his signature. The employer is expected to send it back after countersigning the forms within five days. Therefore, an employer cannot refuse to sign it.

Regards,
Madhu.T.K

Dear Mr. Madhu DK,

I am working as an officer in HR & IR. I want to know the total percentage of PF withdrawal when an employee leaves the organization before completing 6 months. The contribution from the Employee is 12%, and from the Employer is 8.33% and 6.67%. How much total percentage is he eligible?

An employee leaving the organization before completing ten years of service will be eligible to withdraw both his own share as well as the employer's share of contributions. As such, he will be getting Provident Fund contribution of 12% (employee's share) + 3.67% (employer's share) and Pension Fund contribution by the employer of 8.33%. Alternatively, instead of withdrawing the Pension Fund, he can take a certificate called Scheme Certificate which can be surrendered while joining another organization to which the PF Act applies so that the past service would be counted in continuation to the new service.

I have seen postings that the employer's share of contribution to the Provident Fund (3.67%) and/or Pension Fund (8.33%) shall not be withdrawn by an employee who leaves the establishment before 6 months of service. I have not seen any provision in the EPF & Misc Provisions Act, 1952, to this effect. I shall get back to you after verifying any circular in this respect. Till then, please bear with me.

Regards,

Madhu.T.K