Can I Access My PF Money When Switching Jobs After 3 Years? Seeking Guidance on Age Limits and Process

Hello dear seniors, I am Vinaya Kumar, and I would like clarification regarding PF. If a person has been working in a company for the last 3 years and now wishes to move to another company, can they apply for their PF money? Please explain what the age limit is to access PF and how to go about getting it.

Thank you.

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Regards,
Vinaya Kumar

Dear Vinaya,

He is eligible for withdrawing his PF amount unless he completes his relieving formalities and does not have any clearance or dues to the employer. For claiming PF, some formalities from the employer need to be done.

Regards,

Mohamed Rafiulla

The employee is eligible to withdraw his EPF amount until he is retired from the job. There are two forms, Form 10C and Form 19, for EPF and EPS withdrawal. Since, in your case, he has worked for 3 years, he is eligible for EPF only. Submit the duly filled forms along with his bank details to your regional office. It will be settled within 45 days. It is best to advise him to transfer his PF account so that in the long run, he can get the pension benefit.

Regards,
SIDMAN

I would like to clarify the following points:

1. He can be eligible for withdrawing his PF.
2. We need to obtain Form 10C and Form 19 from the employee.
3. The management has to forward the forms to the concerned EPF Office.
4. If the management refuses to forward the application, he may still access his PF through a different approach.
5. There is no age limit for withdrawing the PF amount.

Regards,
Tirupathi Reddi
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Thank you.

I am totally in agreement with Mr. Reddi.

1. There is no time limit for PF withdrawal; you can do it at any time.
2. You can withdraw the PF without the company's formalities as well.
3. Since you have served for 3 years, you are eligible for the entire PF amount.

Jyoti

Dear Vinay,

If PF is available in the new company, ask him to transfer the account to his new PF account. Alternatively, if he prefers to withdraw his funds, he can do so through Form 19 & 10C (EPF & EPS). Since he has only completed 3 years, he is eligible to withdraw the full amount.

Regards,
Sreekumar N
Chennai

Dear Sudhir,

There is no limit for withdrawing PF. An employee can get their PF due in case of separation from a job. However, they can get a loan if they have completed 5 years of employment. To withdraw PF, you need to fill out Form-19 and Form-10C and have them signed by an authorized person under PF. Within 45 days, your PF due will be transferred to your bank via cheque.

I hope this information is clear.

Regards,
Sudhir
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Hi Seniors,

Please provide me with the process for withdrawing PF for an individual in a situation where the employer has refused to complete the necessary formalities with the PF office.

Regards,
Sukhpal

PF & EPS Withdrawal Guidelines

For claiming PF & EPS, there is no age limit. Before filling out Form 19 & 10C, kindly ensure if the individual has continuously accumulated the PF fund for more than 10 years. This means they may carry forward the earlier account with your company. If they continuously have the account, they cannot withdraw the EPS fund.

Gratuity Eligibility

Regarding gratuity, an employee who has continuously worked in an organization for 4 years, 8 months, and 18 days is eligible for gratuity. In the case of termination or death while in service, gratuity is applicable for the years served without any ceiling.

Hope this is clear.

Regards,
B. Saravanakumar

You are eligible to withdraw PF, but you must meet the requirements from your previous employment. You can withdraw your PF after resigning. You are required to receive Form 10C and Form 19 from the employee. Upon receipt of the forms, you must forward the copies to the concerned EPF Office. There is no age limit for the withdrawal of PF.

Regards

There is no such limit. The minimum age and maximum age are the only criteria. Only age is considered when it comes to retirement or death. You can easily transfer the balance to your next employer's enrollment by submitting a simple application, mentioning your P.F. Index Number. For other reasons, please refer to the Central Govt. P.F. Rules booklet or apply using the specific form for the withdrawal of P.F. However, you have not mentioned where you were working.

Regards

If an employee has been working with the organization for the last 3 years and wishes to withdraw their PF amount during employment, what are the procedures and what is the time period required?

Steps to Withdraw PF Amount

Please provide guidance on the steps to be followed and the typical processing duration for such requests.

I am in agreement with your comments on employees withdrawing their EPF after leaving a previous company and joining a new one. However, I would like to inform you that this is incorrect as per the EPF & MP Act 1952. Why? Because the EPF is an Employees Provident Fund, functioning as an "Employees Future Organization," not a savings bank account.

Therefore, I kindly request everyone to transfer their EPF instead of making a withdrawal.