Dear All,
This incident happened in our organization during March 2014. One employee, who was working with us from past 4 & 1/2 years, submitted a resignation letter. At the bottom of his letter he specially mentioned that he is submitting this resignation only for the purpose of withdrawing his Provident Fund amount. He had a perception that organization will accept his resignation with the same purpose, take his name of the company payroll for 3 months, and release his PF after 3 months from the date of resignation. And then again the organization will re-instigate him in the payroll with a new appointment letter and a new PF account, eventually.
Being an HR, I was the first person to answer him and as per my knowledge I told him that this is not the process. PF amount can be only be claimed and withdrawn only when a person retires or resigns from a particular organization. Further in some cases, I have read that particular % of PF amount can be withdrawn in case of employee's daughter's wedding.
Hence, I request you all to guide me in this and let me know whether the PF can be withdrawn by submitting such type of (temporary) resignation.
This incident happened in our organization during March 2014. One employee, who was working with us from past 4 & 1/2 years, submitted a resignation letter. At the bottom of his letter he specially mentioned that he is submitting this resignation only for the purpose of withdrawing his Provident Fund amount. He had a perception that organization will accept his resignation with the same purpose, take his name of the company payroll for 3 months, and release his PF after 3 months from the date of resignation. And then again the organization will re-instigate him in the payroll with a new appointment letter and a new PF account, eventually.
Being an HR, I was the first person to answer him and as per my knowledge I told him that this is not the process. PF amount can be only be claimed and withdrawn only when a person retires or resigns from a particular organization. Further in some cases, I have read that particular % of PF amount can be withdrawn in case of employee's daughter's wedding.
Hence, I request you all to guide me in this and let me know whether the PF can be withdrawn by submitting such type of (temporary) resignation.