Can You Withdraw PF If You Resign During the Probation Period? Seeking Advice!

Hi, I need your suggestion on this matter. Is it possible to withdraw PF if an employee resigned within the probation period?

Whatever the grounds, the application for PF withdrawal will be processed after two months from the date of acceptance of resignation.

Hi, the employee can withdraw the PF amount, but if the employee has served less than six months of tenure in the organization, then he/she will not receive the employer's contribution of 8.33% towards the Employee Pension Scheme.

Thank you, everyone. Yes, you can withdraw your P.F. It doesn't matter if you are on a probation period or permanent. However, you are only eligible to withdraw the fund amount, which is 12% of your total, with 3.67% being the employer's contribution.

The procedures are the same through Form-19, 10-C, and S.S.N.

Regards,
Bunti

Need your suggestion in this matter. Is it possible to withdraw PF if an employee resigned within the probation period?

As far as PF is concerned, there is no probation period, etc. From day one of employment, an employee is eligible. They can withdraw only after two months from the date of leaving/relief. Regarding the family pension contribution (employer's share of 8.33%), one can withdraw only after a minimum period of 6 months of membership. Whatever the condition may be, it is strongly advised NOT TO WITHDRAW THE PF AMOUNT and strongly suggested TO GET IT TRANSFERRED TO THE NEW JOB YOU ARE GOING TO BE ASSIGNED.

[QUOTE=harsha.nandakumar;1347129]Thanks for the info.

What if he is terminated? Can he withdraw the PF amount, and what if the company says it is not willing to show any record of service? Say he has worked for 3 years. Can he get the Employee Pension Scheme and PF?

Hi Harsha, of course, he is eligible to get both the PF and pension amount because you can remove his records in your company, but you can't do the same in government records. An employee has all the rights to withdraw his money; you can't stop that.

Dear Shrusthi, the employee has to complete a minimum period of six months. Please let me know the probation period. If six months are completed, then he can withdraw the PF. If it is less than six months, he is not eligible to withdraw the pension fund.

It is advised that you transfer the PF to your current employer. Submit Form-13 to transfer the PF from the ex-employer to the current employer.

Thanks,
Mohammed.

Is there any way by which one can withdraw the PF money without resigning from the job? I am talking about someone who is not interested in getting a loan from PF but wants his and the employer's share without sacrificing the job.

Looking forward to your inputs.

Regards,
Avinash K.

Certainly, you can apply for the payment of your PF dues after resigning during the probation period. However, if you are taking up a new job, may I suggest that you apply for the transfer of your old PF account to the new employer? This will give you continuity of your pension account. If you close the current PF account and withdraw your dues, you will lose the pension contribution. All those changing jobs from one employer to another, please keep this in mind and consider the continuation of their PF accounts with the new employment. Only those who are permanently bidding goodbye to their careers may close their PF accounts and take whatever dues they are eligible for with the EPS 1995 pension or otherwise.

Thanks and regards.

Well said, Dhanajay. It is the employee's right to withdraw the PF amount that he has been contributing from his salary. The company is not losing anything if the employee withdraws. However, as rightly said by Ramachandran, please advise your staff not to withdraw but instead to transfer.