Understanding the PF Settlement Process and Employee Withdrawal Procedures

Hi seniors,

I want to know about the PF settlement process. How is PF settlement done when an employee resigns or retires, and how many days does an employee have to wait to receive his PF money?

Upon resignation, the employee has to fill out Form 19 (to withdraw PF amount) and Form 10C (to withdraw pension amount). Both forms are available with HR, and they will be attested by the employer before being submitted to the PF office along with Form 3A. If you wish to withdraw the pension amount, please choose withdrawal benefits instead of a scheme certificate.

Please note that PF authorities will only consider the application after 60 days of resignation. This waiting period ensures that, upon securing new employment, the employee can transfer his account to the new employer.

Regards,
Suresh