Hi All,
I'm working as HR Head, i have a query regarding the PF withdrawal formality.
One of our employee resigned from the company and has been cleared with all the formalities, only PF A/c has to cleared. My query is who has to submit the PF withdrawal form to the concerned department - the company or the employee themselves?
Let me know the procedure.
Regards
Padma
From India, Hyderabad
I'm working as HR Head, i have a query regarding the PF withdrawal formality.
One of our employee resigned from the company and has been cleared with all the formalities, only PF A/c has to cleared. My query is who has to submit the PF withdrawal form to the concerned department - the company or the employee themselves?
Let me know the procedure.
Regards
Padma
From India, Hyderabad
Hi Padma,
As i understand the process, for resigned employees :
If they want to transfer PF, then they fill up Form 13A and submit it at their new organization.
If they want to withdraw PF, then the relevant forms (19D & 10C I think) are submitted to the organization that they have resigned from for onward submission to the RPFC office.
Hope this helps.
Regards
Ryan
From India, Mumbai
89As i understand the process, for resigned employees :
If they want to transfer PF, then they fill up Form 13A and submit it at their new organization.
If they want to withdraw PF, then the relevant forms (19D & 10C I think) are submitted to the organization that they have resigned from for onward submission to the RPFC office.
Hope this helps.
Regards
Ryan
From India, Mumbai
Hi,
Employee has to file an application to the ex-employer's HR department.
HR instructed Finance department to clear the dues.
After the final settlement that amount has transferred to the that employee's account and its slip has to be mailed to his address.
Kind Regards,
Hassan
From Pakistan, Islamabad
Employee has to file an application to the ex-employer's HR department.
HR instructed Finance department to clear the dues.
After the final settlement that amount has transferred to the that employee's account and its slip has to be mailed to his address.
Kind Regards,
Hassan
From Pakistan, Islamabad
Hi Padma,
PF withdrawal forms are 19 & 10C. These forms are submitted to the employer by the employee.
In case if the employee is of previous financial year then the same would be submitted to the PF Deptt. directly by the employee.
Regards
Binoy.
From India, Bangalore
PF withdrawal forms are 19 & 10C. These forms are submitted to the employer by the employee.
In case if the employee is of previous financial year then the same would be submitted to the PF Deptt. directly by the employee.
Regards
Binoy.
From India, Bangalore
Dear,
The employee has fill the forms and sign in the appropriate Places ( Form 9 and 10C in case of service morethan 10 years Form 10D) with advanced stamped receipt.
From employer side, we have to submit the forms to EPF Office duly signed by the authorised person with all required datas.
The employee has fill the forms and sign in the appropriate Places ( Form 9 and 10C in case of service morethan 10 years Form 10D) with advanced stamped receipt.
From employer side, we have to submit the forms to EPF Office duly signed by the authorised person with all required datas.
Dear Padma,
The PF Withdrawal form that needs to be submitted by an employee who has recently quit is available at the PF Commissioner’s Office.
You can have one of your staff to get the relevant forms and maintain some as back up.
The Most important legal requirement is that the employee who has resigned should be unemployed for atleast 3 months after leaving your company in order to be eligible for receiving the PF amount.
Reason quoted by the employee for withdrawal should be: health problem, sickness or anything that would not give room for interpretation by PF office that ex-employee might open another PF account immediately with a new company.
[b]If the employee is immediately joining another company. Please advise the employee to tranfer the PF account to the new company he is joining and the new company will provide him a PF transfer form.[/b]
I think the option of transferring the PF to the new employer would be the best.
In case the ex-employee wants to close the PF at his/her risk. He/She can fill up the form and duly sign it.
The Finance department needs to fill in the details 3 months after the date of leaving the company and send it to PF Commissioner's office.
Once PF Commissioner's office receives the details filled in by ex-employee and Finance. They would do a direct credit to the savings account of the bank a/c opted by the ex-employee in the filled in form.
Hope this helps
Regards
Rahul Rao
The PF Withdrawal form that needs to be submitted by an employee who has recently quit is available at the PF Commissioner’s Office.
You can have one of your staff to get the relevant forms and maintain some as back up.
The Most important legal requirement is that the employee who has resigned should be unemployed for atleast 3 months after leaving your company in order to be eligible for receiving the PF amount.
Reason quoted by the employee for withdrawal should be: health problem, sickness or anything that would not give room for interpretation by PF office that ex-employee might open another PF account immediately with a new company.
[b]If the employee is immediately joining another company. Please advise the employee to tranfer the PF account to the new company he is joining and the new company will provide him a PF transfer form.[/b]
I think the option of transferring the PF to the new employer would be the best.
In case the ex-employee wants to close the PF at his/her risk. He/She can fill up the form and duly sign it.
The Finance department needs to fill in the details 3 months after the date of leaving the company and send it to PF Commissioner's office.
Once PF Commissioner's office receives the details filled in by ex-employee and Finance. They would do a direct credit to the savings account of the bank a/c opted by the ex-employee in the filled in form.
Hope this helps
Regards
Rahul Rao
Hi ALL,
I have a query on final settlement of an Employee who has left the organization.
A resignation of an employee was not accepted by his manager and the manager does not want to leave him.However the employee wants to quit the organization
Since the manager did not accept his resignation, case was routed to us & we tried to convience him to stay back but unfortunetly he did not want to do so.
And one fine day the employee has sent a mail to his manger stating that he is not willing to work anymore, will not continue any services and finally he quit he organization and stopped coming to office from next day onwards, in this there was no exit formalities conducted.
After few months he cameback to us for the final settlement ,
kindly suggest me what to do in this case,as we treated this case as a case of apsconding and we are not willing to clear his final settlement(from 16,PF ,,, ) and wanted to teach him a lesson.
Friends, I wanted to know if there will be any legal complication to be faced in future whenever the employee files cases against us claiming for his Form 16 and PF.
Friends please advice me.. I think I am in a mess
Regards
Naveen
From India, Bangalore
I have a query on final settlement of an Employee who has left the organization.
A resignation of an employee was not accepted by his manager and the manager does not want to leave him.However the employee wants to quit the organization
Since the manager did not accept his resignation, case was routed to us & we tried to convience him to stay back but unfortunetly he did not want to do so.
And one fine day the employee has sent a mail to his manger stating that he is not willing to work anymore, will not continue any services and finally he quit he organization and stopped coming to office from next day onwards, in this there was no exit formalities conducted.
After few months he cameback to us for the final settlement ,
kindly suggest me what to do in this case,as we treated this case as a case of apsconding and we are not willing to clear his final settlement(from 16,PF ,,, ) and wanted to teach him a lesson.
Friends, I wanted to know if there will be any legal complication to be faced in future whenever the employee files cases against us claiming for his Form 16 and PF.
Friends please advice me.. I think I am in a mess
Regards
Naveen
From India, Bangalore
good afternoon every body,
i am new in my firm. i have no idea about Pf withdrawal concept.
so ,please any one tell me about PF withdrawal process in detail and also
tell me about defintion, how to implement - by employer side as well as employees side.
i am waiting for everyone reply.
thanks
regards,
anagha
From India, Pune
i am new in my firm. i have no idea about Pf withdrawal concept.
so ,please any one tell me about PF withdrawal process in detail and also
tell me about defintion, how to implement - by employer side as well as employees side.
i am waiting for everyone reply.
thanks
regards,
anagha
From India, Pune
Hi Naveen,
I think you are already in a mess if you want to hold on to this employee's PF.
What on earth gave you the idea that you can NOT accept someone's resignation? If an employee gives his/her resignation, you cannot hold on to them beyond the notice period, unless they decide to do the organization a favour by staying back.
In your case, if this person has documented proof of both his resignation and email (which I think he does), you will definitely be in trouble if you treat this case as absconding. On top of this, you are withholding the PF.
I wonder what "lesson" the employee would learn, and what a terrible impression he would have about your organization or probably your HR department. Think of the bad "word of mouth" publicity you are now getting for free.
I think that if there are exit formalities to be conducted, then it is the responsibility of the organization to ensure this is done. You cannot make the resigning employee responsible for the completion of exit formalities just because he will need experience letters from the organization. I learnt this the hard way too :)
Please educate your managers about the legalities of a resignation. At the same time, it is perfectly fine to try and keep back the employee by offering a promotion or CTC increase or a role change. At the end of the day, the employee is a SEPARATE human being with his OWN thought processes, and cannot be coerced into something like this.
Anagha - I'm sure that you will find information if you google your query or search on this brilliant site - CiteHR.
All the best.
Regards
Ryan
From India, Mumbai
I think you are already in a mess if you want to hold on to this employee's PF.
What on earth gave you the idea that you can NOT accept someone's resignation? If an employee gives his/her resignation, you cannot hold on to them beyond the notice period, unless they decide to do the organization a favour by staying back.
In your case, if this person has documented proof of both his resignation and email (which I think he does), you will definitely be in trouble if you treat this case as absconding. On top of this, you are withholding the PF.
I wonder what "lesson" the employee would learn, and what a terrible impression he would have about your organization or probably your HR department. Think of the bad "word of mouth" publicity you are now getting for free.
I think that if there are exit formalities to be conducted, then it is the responsibility of the organization to ensure this is done. You cannot make the resigning employee responsible for the completion of exit formalities just because he will need experience letters from the organization. I learnt this the hard way too :)
Please educate your managers about the legalities of a resignation. At the same time, it is perfectly fine to try and keep back the employee by offering a promotion or CTC increase or a role change. At the end of the day, the employee is a SEPARATE human being with his OWN thought processes, and cannot be coerced into something like this.
Anagha - I'm sure that you will find information if you google your query or search on this brilliant site - CiteHR.
All the best.
Regards
Ryan
From India, Mumbai
Dear Padma,
To address your query, all the PF forms should be submitted by the employer only. In case of withdrawal, Form 10-C & 19 should be submitted by the employer along with Form 3A to the EPFO attached. If the employer not able to submit the form, the employer has to give the Form 3A to the employee along with authorised signature in the forms, the employee can directly submit the same in the EPF office.
Rgds,
Suresh Ramalingam
From India, Mumbai
To address your query, all the PF forms should be submitted by the employer only. In case of withdrawal, Form 10-C & 19 should be submitted by the employer along with Form 3A to the EPFO attached. If the employer not able to submit the form, the employer has to give the Form 3A to the employee along with authorised signature in the forms, the employee can directly submit the same in the EPF office.
Rgds,
Suresh Ramalingam
From India, Mumbai
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