Hi Friends,
I was with TCS and resigned from there in mid-February. I am currently employed in another organization. Can I withdraw my PF from TCS stating that I am currently unemployed? Actually, I need the money for some personal urgency.
Please help and suggest.
Thanks in advance.
From India, Kolkata
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I was with TCS and resigned from there in mid-February. I am currently employed in another organization. Can I withdraw my PF from TCS stating that I am currently unemployed? Actually, I need the money for some personal urgency.
Please help and suggest.
Thanks in advance.
From India, Kolkata
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No. You have to attach the first page of your bank account [with account number] or a canceled check leaf [both for ensuring the account number is correct] and sign the necessary pages. Submit it. It'll be done.
Since TCS, you can send the copies online, and they will have online digital approval facility. Use the EPFO website for your process.
From India, Coimbatore
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10Since TCS, you can send the copies online, and they will have online digital approval facility. Use the EPFO website for your process.
From India, Coimbatore
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Thanks Vignesh. I was under the impression that it’s not legal to withdraw PF from previous employer while you are still employed for another organization. Thanks for the clarification.
From India, Kolkata
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From India, Kolkata
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Welcome.
Visit EPFO (Govt. of India) for more information.
From India, Coimbatore
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Visit EPFO (Govt. of India) for more information.
From India, Coimbatore
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Hi Friend,
Please find attached the P.F. withdrawal forms 19 & 10c. Kindly fill them out and send them, along with a canceled and signed bank cheque, to the previous company's HR department. Don't forget to affix a revenue stamp and cross-sign the forms. Additionally, remember to request a P.F. submission acknowledgment.
Best Regards,
Siddhartha
From India, Gurgaon
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Please find attached the P.F. withdrawal forms 19 & 10c. Kindly fill them out and send them, along with a canceled and signed bank cheque, to the previous company's HR department. Don't forget to affix a revenue stamp and cross-sign the forms. Additionally, remember to request a P.F. submission acknowledgment.
Best Regards,
Siddhartha
From India, Gurgaon
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The information being shared is wrong.
If you are currently working in an organization that has PF registration, then you do not have the option to withdraw the PF balance in previous accounts. You are required to transfer it to the new account.
You are allowed to close your PF account only if you are no longer employed and do not plan to take up employment, or if the company you have joined does not have PF registration.
You are, however, allowed to withdraw part of the balance (either permanently or as a loan) under certain circumstances and for certain purposes. Please check the EPFO website for the details.
From India, Mumbai
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If you are currently working in an organization that has PF registration, then you do not have the option to withdraw the PF balance in previous accounts. You are required to transfer it to the new account.
You are allowed to close your PF account only if you are no longer employed and do not plan to take up employment, or if the company you have joined does not have PF registration.
You are, however, allowed to withdraw part of the balance (either permanently or as a loan) under certain circumstances and for certain purposes. Please check the EPFO website for the details.
From India, Mumbai
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I do not agree with Mr. Vignesh's advice. I partly agree with Ms. Saswatha Banerjee. In the past, I have written in this forum 2-3 times, advising not to encourage the withdrawal of Provident Fund, regardless of the reasons. The employee should prefer to transfer the Provident Fund account from one company to another when taking up a new job, by applying in Form No.13. The provident fund contributions by employees and employers are nothing but a part of savings. Because of this, the government is named as BHAVISHYA NIDHI.
In your case, I still advise you to get it transferred, which is very easy. The withdrawal of Provident Fund will lead to problems in the continuity of your service as a member of EPFO. This will result in the effect on your next contribution since it will be counted as a new member and not an old member. You may be young and continuing your career in employment anywhere in India; my advice is to continue as a member until your retirement.
Adoni Suguresh
Sr. Executive (Pers, Admin & Ind. Rels) Retd
Labour Laws Consultant
From India, Bidar
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In your case, I still advise you to get it transferred, which is very easy. The withdrawal of Provident Fund will lead to problems in the continuity of your service as a member of EPFO. This will result in the effect on your next contribution since it will be counted as a new member and not an old member. You may be young and continuing your career in employment anywhere in India; my advice is to continue as a member until your retirement.
Adoni Suguresh
Sr. Executive (Pers, Admin & Ind. Rels) Retd
Labour Laws Consultant
From India, Bidar
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Hi Adoni and Saswata,
I agree with your advice. I was providing the solution for the question raised. The one who raised this question is desperate to get some money. PF is an option for them, so the withdrawal process is what I suggested. I hope the withdrawal process I suggested was correct.
From India, Coimbatore
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I agree with your advice. I was providing the solution for the question raised. The one who raised this question is desperate to get some money. PF is an option for them, so the withdrawal process is what I suggested. I hope the withdrawal process I suggested was correct.
From India, Coimbatore
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As you are working in another organization, you cannot withdraw legally. You have to take steps for the transfer of your PF amount from the earlier account to the present account of the organization.
However, you can withdraw PF by submitting Form-19 and 10 C in case you need money urgently. Most of the PF members are doing this.
From India, Hyderabad
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However, you can withdraw PF by submitting Form-19 and 10 C in case you need money urgently. Most of the PF members are doing this.
From India, Hyderabad
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PF AUTHORIZATION FOR WITHDRAW.JPG
When and How to Withdraw PF.doc