Krishan Kapoor
12

I have a friend who is a Foreign national, (South Korean) I am mentioning country because India has treaty with some countries where PF can be transferred to Foreign National's country.
He worked for an India Company for about two years, company made regular contributions to his PF and FPF.
He has resigned and gone back to his own country. How can he claim the amount contributed towards PF and FPF.
Experts and experienced seniors please help.

From India, New Delhi
S.VIJAYASIMHARAO
7

Dear KK,
If there is a Social Security Agreement between South Korea and India, the foreign national (PF Member) can withdraw PF accumulations. Or else he can withdraw only after attaining the age of 58 years. Let us wait for experts opinion on this about International workers PF eligibility.
Regards
S.Vijay

From India
Krishan Kapoor
12

As far as I understand PF rules, in order to withdraw accumulation you have to have a Bank account in Indian Bank, if a foreign national goes back to his own country, he / she will not be able to maintain the account. If there are any options to get the accumulation transferred to other country.
Experts kindly advise.

From India, New Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.