Dear Mr Kanan
I have a query regarding PF withdrawal criteria.
My last working day was 16 September 2015 and my full and final was settled on 23 October 2015. Do I need to wait for 60 days from the last working day or from 23 October?
Secondly, I read in the PF Act point 69.c that if an employee has resigned and is travelling abroad for a job, then the company should be clearing their PF immediately? Is this correct?
Awaiting for your reply.
Many Thanks.
Regards
Mr. Dias
From United%20Arab%20Emirates, Dubai
I have a query regarding PF withdrawal criteria.
My last working day was 16 September 2015 and my full and final was settled on 23 October 2015. Do I need to wait for 60 days from the last working day or from 23 October?
Secondly, I read in the PF Act point 69.c that if an employee has resigned and is travelling abroad for a job, then the company should be clearing their PF immediately? Is this correct?
Awaiting for your reply.
Many Thanks.
Regards
Mr. Dias
From United%20Arab%20Emirates, Dubai
Dear Abbas,
My last day in the current company is December 31st 2015. And I will have 10 yrs 5 months 21 days of service by that time. But EPS contributory service is going to be just 9 yrs 2 months as I was on Loss of Pay Leave for 1 year 4 months.I am not going to join in another company so I would like to withdraw the amount.Will I be eligible for EPS withdrawal? If so can you please let me know the amount that I can get? The pension contribution is being paid on 25000.
Below you can find the details of contributory and non contributory service.
Date of joining in the organization - 11th July 2005
Last date - 31st Dec 2015
Total Service 10 yrs 5 months 21 days
EPS Contributory Period
11 Oct 2005 - 21 Sep 2013 7 yrs 11 months 10 days
21 Mar 2014 - 7 Apr 2014 18 days
7 Jul 2014 - 19 Apr 2015 9 months 13 days
1 Sep 2015 - 31 Dec 2015 4 months
Total EPS Contributory Service 9 yrs 1 month 11 days
EPS Non contributory Period
11 Jul 2005 - 10 Oct 2005 3 months
22 Sep 2013 - 20 Mar 2014 6 months
08 Apr 2014 - 06 Jul 2014 3 months
20 Apr 2015 - 31 Aug 2015 4 months 12 days
Total EPS Non contributory Service 1 yr 4 months 12 days
From India, Hyderabad
My last day in the current company is December 31st 2015. And I will have 10 yrs 5 months 21 days of service by that time. But EPS contributory service is going to be just 9 yrs 2 months as I was on Loss of Pay Leave for 1 year 4 months.I am not going to join in another company so I would like to withdraw the amount.Will I be eligible for EPS withdrawal? If so can you please let me know the amount that I can get? The pension contribution is being paid on 25000.
Below you can find the details of contributory and non contributory service.
Date of joining in the organization - 11th July 2005
Last date - 31st Dec 2015
Total Service 10 yrs 5 months 21 days
EPS Contributory Period
11 Oct 2005 - 21 Sep 2013 7 yrs 11 months 10 days
21 Mar 2014 - 7 Apr 2014 18 days
7 Jul 2014 - 19 Apr 2015 9 months 13 days
1 Sep 2015 - 31 Dec 2015 4 months
Total EPS Contributory Service 9 yrs 1 month 11 days
EPS Non contributory Period
11 Jul 2005 - 10 Oct 2005 3 months
22 Sep 2013 - 20 Mar 2014 6 months
08 Apr 2014 - 06 Jul 2014 3 months
20 Apr 2015 - 31 Aug 2015 4 months 12 days
Total EPS Non contributory Service 1 yr 4 months 12 days
From India, Hyderabad
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PF guidleines for Pension fund.pdf