Hi Saswat,
Thank you for sharing this information. However, at my previous company, our head office has been following the same norms for PF. I'm sure what you have said would be right, but still, I will try to get confirmation from my end because if you are correct, then my previous company is definitely following something wrong.
Besides, do you have any instances where an employee has tried withdrawing after 3 years and was successful in getting it? Please do help me with it.
Kindly do not get me wrong; I am asking for the same so that it can help deepen my knowledge about PF.
From India, Pune
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58Thank you for sharing this information. However, at my previous company, our head office has been following the same norms for PF. I'm sure what you have said would be right, but still, I will try to get confirmation from my end because if you are correct, then my previous company is definitely following something wrong.
Besides, do you have any instances where an employee has tried withdrawing after 3 years and was successful in getting it? Please do help me with it.
Kindly do not get me wrong; I am asking for the same so that it can help deepen my knowledge about PF.
From India, Pune
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I think there are lots of discussions on the same topic. Please have a look at the previous ones through the research button.
I have just checked with a client whose factory I am sitting in today for an audit. He confirmed that he has many cases where the person got his PF after applying more than 4 years after leaving.
From India, Mumbai
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I have just checked with a client whose factory I am sitting in today for an audit. He confirmed that he has many cases where the person got his PF after applying more than 4 years after leaving.
From India, Mumbai
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Hi Meenu,
As I understand from your query, after giving his resignation, he worked for 25 days during the same month. After receiving the salary for the month, he stopped coming to the office without obtaining the Service & Experience Certificate. Now, he is approaching to withdraw PF. Is that correct?
These types of cases are now very common at lower levels. My advice is to please ask him to settle any dues he may have. Then, relieve him and close the chapter. Before relieving him, please advise him on what he did wrong and what not to do in the future, anywhere.
Vijay
From India, Madras
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As I understand from your query, after giving his resignation, he worked for 25 days during the same month. After receiving the salary for the month, he stopped coming to the office without obtaining the Service & Experience Certificate. Now, he is approaching to withdraw PF. Is that correct?
These types of cases are now very common at lower levels. My advice is to please ask him to settle any dues he may have. Then, relieve him and close the chapter. Before relieving him, please advise him on what he did wrong and what not to do in the future, anywhere.
Vijay
From India, Madras
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As much as I hate such people and would love to see them denied the money, as per law, you have no option but to sign the PF form and give it. As per the law, a person's PF account cannot be held back or set off/adjusted against any dues. But nothing requires you to make it easier for him.
So by all means, send a letter reminding him of his dues and handover, etc. Ask him to pay the dues immediately. But don't specifically threaten to hold back PF or to process it only after that. In the end, he can get the money without your PF form also. There are methods introduced for that.
If he sends the form officially by registered post, then you can be hauled up by the PF department for not signing the form, and you should have a good defendable excuse handy.
From India, Mumbai
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So by all means, send a letter reminding him of his dues and handover, etc. Ask him to pay the dues immediately. But don't specifically threaten to hold back PF or to process it only after that. In the end, he can get the money without your PF form also. There are methods introduced for that.
If he sends the form officially by registered post, then you can be hauled up by the PF department for not signing the form, and you should have a good defendable excuse handy.
From India, Mumbai
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There is no time limit for withdrawing the PF amount. In fact, many employees keep it lying there, as it attracted more interest than any bank deposit (interest accrual has been discontinued now). Moreover, it is the most secure form of financial holding. It cannot even be attached by any court. This is what makes PF very special - it provides for future events and calamities. In Hindi, it is called Bhavishya Nidhi - funds for future requirements or exigencies. All HRs must make themselves aware of these features of PF.
Warm regards.
From India, Delhi
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Warm regards.
From India, Delhi
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