Hello all, I wanted to know if it is true that when you opt to withdraw the PF amount, the employer's contribution is not paid to the employee and that only his/her contribution is given (and the employer's amount lapses)?
PF Transfer Process
Also, I wanted to transfer my PF amount. Apart from filling the transfer form, is there anything else required from my side?
Thanks!
Priyanka
From India, Mumbai
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PF Transfer Process
Also, I wanted to transfer my PF amount. Apart from filling the transfer form, is there anything else required from my side?
Thanks!
Priyanka
From India, Mumbai
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Thank you, Mr. Bhuvan. So, as a "good to know" piece of information, it means that if an employee has worked for less than 6 months, he/she can only withdraw his contribution (not the employer's). However, if he/she has worked more than 6 months, he/she can withdraw the entire contribution (employer & employee). Kindly confirm.
Regards,
Priyanka
From India, Mumbai
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Regards,
Priyanka
From India, Mumbai
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PROVIDENT FUND.rar
PROVIDENT FUND.doc