PF Withdrwal Cumpulsory Or Optional?

slyjoker
Hello,
Is it compulsory to withdraw PF upon leaving the job? An employee has worked for three years in a MNC . Now is in self-employment.Now the employee doesnt want to withdraw the PF as he may loose on the employers contribution if withdrawn earlier than five years.
Kindly Advise.
Warm Regards
Madhu.T.K
If he has been a member of Employees Provident Fund, he will not lose employer's share if he has worked at least for 6 months. However, if he is not presently working he can apply for withdrawal of Provident Fund only and simultaneously apply for scheme certificate in lieu of withdrawal benefit of Pension Fund to which 8.33% of employer's contribution goes.
Regards,
Madhu.T.K
slyjoker
Dear Madhu,
Thanks for replying. What happens to the fund if it is left untouched for 5 years. Is there any provision which states that the employee will loose out on the employer's contribution if withdrawal is done before completion of five years?
Madhu.T.K
Nothing will happen to your PF accumulations since the law of limitation will not apply to EPF balances. You will get the amount even after very long period.
Regards,
Madhu.T.K
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