Hi, my name is Aditya, and I'm working in an IT company as a Trainee HR. My query is when an employee resigns from their job, kindly provide me with details of their PF settlement account-wise. This information is urgent.
Can the employee withdraw the total 24% (from both employee and employer contributions)?
Regards, Aditya
From India, Mumbai
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429Can the employee withdraw the total 24% (from both employee and employer contributions)?
Regards, Aditya
From India, Mumbai
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Please note that after claiming your EPF accumulation following the completion of 3 years of service, you can receive the full amount, i.e., (12% + 3.67%) + interest rate + 8.33% (EPS accumulation). The Family Pension Fund amount will only be forfeited if the contribution accumulation is less than 180 days or 6 months. If the contribution accumulation is completed for 10 years, the amount will be transferred to the scheme and will be paid in the form of a pension after reaching 58 years of age.
Regards, Ramakant
From India, Pune
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Regards, Ramakant
From India, Pune
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Circular Dated 28-10-2016 for settlement of PF Death Case Claims within 7 days.pdf
Employee Benefits.doc