Hi,
What are the options left with the employee if he/she resigns from an organization? Is there an option to keep the money as it is with the trust to withdraw later or it is mandatory to withdraw if he/she not willing to work further?
From India, Madras
What are the options left with the employee if he/she resigns from an organization? Is there an option to keep the money as it is with the trust to withdraw later or it is mandatory to withdraw if he/she not willing to work further?
From India, Madras
Mr.Ramesh You can get it transferred to an establishment you will be joining latter. B.Saikumar Hr & labour Law advisor Mumbai
From India, Mumbai
1899From India, Mumbai
Immediate withdrawal is not required and he will get interest for the amount kept but after 36 months of it becoming non operative interest will cease to accrue but in any case the amount will not get lapsed.
Madhu.T.K
From India, Kannur
Madhu.T.K
From India, Kannur
Dear Sir,
It is not mandatory to withdraw from the Fund. It is your wish. Either you can withdraw or get it transferred to the
present account. or you can retain with them and can withdraw/transfer at any time as per you will and wish.
D.Gurumurthy
LL.HR & IR Consultant,
Hyderabad.
From India, Hyderabad
It is not mandatory to withdraw from the Fund. It is your wish. Either you can withdraw or get it transferred to the
present account. or you can retain with them and can withdraw/transfer at any time as per you will and wish.
D.Gurumurthy
LL.HR & IR Consultant,
Hyderabad.
From India, Hyderabad
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.
Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc