The following are the EPF rules for withdrawal and transfer:
A provident fund member can withdraw complete amount from the fund once he attains the age of 55. Cases where withdrawal can be possible before attaining age of 55 are:
At the time of Termination of service
Retirement on account of total disablement
Migration to other countries for permanent settlement
Retrenchment
A member can withdraw up to 90% of the amount of provident fund after attaining the age of 54 and before 55 or actual retirement on superannuation which ever is earlier. This claim can be done by submitting form 19 to the concerned EPF.
In cases of withdrawal from accounts of deceased members, the provident fund can be withdrawn by legal heirs by submitting form 20 to the concerned EPF
One can also Transfer of Provident Fund account from one region to other, from Exempted Provident Fund Trust to non exempted Fund in a region and vice-by filing application for form 13 to the concerned EPF.
Annual statements of account are sent to each organization one the account for the year are closed. EPF rules for withdrawal are stated very clearly and the procedure for the same is also very easy to follow.
regards,
Narayan