PF Withdrawal upon Resignation
Upon resignation, an employee can either withdraw or transfer his/her PF amounts at their discretion.
a) **For Withdrawal:** In order to withdraw the PF/Pension funds, you have to submit Form 19 and 10 C, preferably through your employer. Depending on the attitude and working capabilities of employees in the respective EPF Office, it will take 45 to 60 days to get your balance credited to your bank account. Withdrawals of PF can be done only after a 60-day period following resignation.
Form No. 19 is for Provident Fund withdrawal, and Form No. 10 C is for Pension Scheme withdrawal. I have attached both forms for your reference.
b) **For Transfer:** For a transfer, you have to submit Form 13 through your present company, but you need to know your earlier PF account number, etc.
Also, you need to provide the following details to your current company:
• Name and address of the previous company from which PF is still pending to be claimed.
• Group Code
• Date of joining and date of leaving from the previous company.
• Your PF number from the previous company.
PF Withdrawal During Working Period
Provident Fund members can avail of advances/partial withdrawals subject to certain conditions like marriage for self and dependent sisters, brothers, etc., purchasing a dwelling house or repayment of a housing loan, specified medical treatments, closure of establishment, etc.
You need to submit FORM 31 for claiming the amount. However, the PF authorities will sanction only if you satisfy the qualifying conditions. I have attached a document titled "Guidelines for PF Withdrawal" that gives you a clear idea of the grounds on which an employee can withdraw PF during his/her working period.
Hope this information is of some use to you.
Regards,
Arun Gupta
Gtalk id: [Email Removed For Privacy Reasons]
From India, Delhi
Upon resignation, an employee can either withdraw or transfer his/her PF amounts at their discretion.
a) **For Withdrawal:** In order to withdraw the PF/Pension funds, you have to submit Form 19 and 10 C, preferably through your employer. Depending on the attitude and working capabilities of employees in the respective EPF Office, it will take 45 to 60 days to get your balance credited to your bank account. Withdrawals of PF can be done only after a 60-day period following resignation.
Form No. 19 is for Provident Fund withdrawal, and Form No. 10 C is for Pension Scheme withdrawal. I have attached both forms for your reference.
b) **For Transfer:** For a transfer, you have to submit Form 13 through your present company, but you need to know your earlier PF account number, etc.
Also, you need to provide the following details to your current company:
• Name and address of the previous company from which PF is still pending to be claimed.
• Group Code
• Date of joining and date of leaving from the previous company.
• Your PF number from the previous company.
PF Withdrawal During Working Period
Provident Fund members can avail of advances/partial withdrawals subject to certain conditions like marriage for self and dependent sisters, brothers, etc., purchasing a dwelling house or repayment of a housing loan, specified medical treatments, closure of establishment, etc.
You need to submit FORM 31 for claiming the amount. However, the PF authorities will sanction only if you satisfy the qualifying conditions. I have attached a document titled "Guidelines for PF Withdrawal" that gives you a clear idea of the grounds on which an employee can withdraw PF during his/her working period.
Hope this information is of some use to you.
Regards,
Arun Gupta
Gtalk id: [Email Removed For Privacy Reasons]
From India, Delhi
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