Regarding PF withdrawal, I have a query. I retired in November 2014. I have not withdrawn either the pension or the PF amount till date. I intend to withdraw it in October 2017, i.e., 3 years after retirement when I need this money, and after ceasing to contribute to the PF fund.
My question is whether I can apply after 3 years with no hassles or problems. Is it allowed under the PF rules? Will my PF account be treated as an active account for 3 years after retirement? What about the pension; will I receive it after 3 years retrospectively without hassles?
I would appreciate your suggestions in this regard to enable me to proceed ahead as this is my lifelong savings.
From India, Chennai
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My question is whether I can apply after 3 years with no hassles or problems. Is it allowed under the PF rules? Will my PF account be treated as an active account for 3 years after retirement? What about the pension; will I receive it after 3 years retrospectively without hassles?
I would appreciate your suggestions in this regard to enable me to proceed ahead as this is my lifelong savings.
From India, Chennai
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Regarding PF withdrawal, I have a query. I retired in November 2014. I have neither withdrawn my pension nor the PF amount till date. I intend to withdraw it in October 2017, i.e., 3 years after retirement when I need this money. I am not contributing to the PF account anymore.
My question is: Can I apply after 3 years with no hassles or problems, and is it allowed under the PF rules? Will my PF account be treated as an active account for 3 years after retirement, with interest paid in full during all these years? Furthermore, what about the pension? Will I receive it after 3 years retrospectively without hassles? I would appreciate your suggestions in this regard to enable me to proceed as this is my lifelong saving, and I cannot afford to take any risks.
Looking forward to valuable suggestions in this matter. Thank you in advance.
From India, Chennai
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My question is: Can I apply after 3 years with no hassles or problems, and is it allowed under the PF rules? Will my PF account be treated as an active account for 3 years after retirement, with interest paid in full during all these years? Furthermore, what about the pension? Will I receive it after 3 years retrospectively without hassles? I would appreciate your suggestions in this regard to enable me to proceed as this is my lifelong saving, and I cannot afford to take any risks.
Looking forward to valuable suggestions in this matter. Thank you in advance.
From India, Chennai
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Dear Sir,
This is with reference to your query. Please note, you can apply for PF withdrawal after three years. However, along with the submission documents, you need to produce a declaration certificate stating that during the period, you were not an employee in any organization, nor a part of EPF membership.
Regarding your EPS (Pension) query, you will be eligible for EPS benefits from 1st Oct '2014, and the unpaid amount of your pension will be paid as arrears.
But, Sir, my personal suggestion to you is not to wait for three years. Please withdraw your PF and start availing pension benefits.
For more information or any further assistance, you can call me at the number provided below.
Ubaid Raheman
09881236224
From India, Mumbai
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53This is with reference to your query. Please note, you can apply for PF withdrawal after three years. However, along with the submission documents, you need to produce a declaration certificate stating that during the period, you were not an employee in any organization, nor a part of EPF membership.
Regarding your EPS (Pension) query, you will be eligible for EPS benefits from 1st Oct '2014, and the unpaid amount of your pension will be paid as arrears.
But, Sir, my personal suggestion to you is not to wait for three years. Please withdraw your PF and start availing pension benefits.
For more information or any further assistance, you can call me at the number provided below.
Ubaid Raheman
09881236224
From India, Mumbai
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Regarding PF withdrawal, you can withdraw it even after 3 years, but interest accrual will stop after 3 years. Regarding pension, you have to justify the delay factor properly because there will be a 5-year delay as it starts at the completion of 58 years of age.
From India, New Delhi
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From India, New Delhi
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PF Withdrawal New Rules.pdf
PF WITHDRAWAL RULES.zip