If an employee resigns from a company and wants to settle their PF account, will they receive the full amount, including both their PF contribution and the employer's contribution (both EPF and EPS)?
First, have you decided whether you will continue working at that company or not? If not, please submit your resignation letter after completing the PF form.
A phone call should be enough to explain your situation, which can be followed up with a formal resignation letter. All other formalities will have to be taken care of by the employer. There is no need for any apprehension about the PF settlement.
After the completion of two months from the date of resignation, one can withdraw their deposit amounts from both EPF and EPS together with interest. After completing nine years and six months of service, one can withdraw their deposit amount from EPF only. The EPS amount cannot be withdrawn. Pension can be drawn after reaching the age of 58.
Regards,
N. Lokanadha Babu, Manager-HR
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