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)??
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
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)??
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
Thank you Mr.Bhuvan. So as a "good to know" information, it means that if an employee has worked for less than 6 months, he/she can only withdraw his contribution (not the employer) but if he/she has worked more than 6 months, he/she can withdraw the entire contribution (employer & employee).
Kindly confirm.
Priyanka!
From India, Mumbai
Kindly confirm.
Priyanka!
From India, Mumbai
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
Provident fund.zip
PROVIDENT FUND.rar