Hi , Need your suggestion in this matter, Is it possible to withdraw PF if employee resigned within probation period?
From India
From India
517
As for as pf concerned, there is no probation period etc., from the day one of employment,one employee is elegible. He can withdraw only after two months time from the date of leaving/relief. As for as the family pension contribution (employer's share of 8.33%, one can withdraw only after the minimum period of 6 month membership.) Whatever may be the condition,it is strongly advised that NOT TO WITHDRAW THE PF AMOUNT AND SUGGESTED STRONGLY TO GET TRANSFERED TO THE NEW JOB GOING TO BE ASSIGNED BY YOU.
From India, Madras
From India, Madras
Dear Shrusthi,
Employee has to complete the minimum period of six month.Please let me know the probation period,If six months completed then he can withdraw the pf.If less than six months he is not eligble to withdraw pension fund..
It is to advised you that better transfer the pf to your current employer.Submit the form-13 to transfer the pf from ex employer to current employer.
Thanks,
Mohammed.
From India, Hyderabad
Employee has to complete the minimum period of six month.Please let me know the probation period,If six months completed then he can withdraw the pf.If less than six months he is not eligble to withdraw pension fund..
It is to advised you that better transfer the pf to your current employer.Submit the form-13 to transfer the pf from ex employer to current employer.
Thanks,
Mohammed.
From India, Hyderabad
Dear Shrishti Ji
Certainly you can apply for payment of your PF dues after resigning during probation period. But if you are taking up a new job, may I suggest you to apply for transfer of your old PF account to the new employer ? This will give you continuity of your pension account. If you close the current PF account and withdraw your dues, you lose pension contribution. All those changing job from one employer to another, may please keep this in mind and consider continuation of their PF accounts with the new employment. Only those who are permanently bidding good bye to the career, may close their PF accounts and take whatever dues they are eligible with EPS 1995 penson or otherwise.
Thanks and regards.
From India, Pune
Certainly you can apply for payment of your PF dues after resigning during probation period. But if you are taking up a new job, may I suggest you to apply for transfer of your old PF account to the new employer ? This will give you continuity of your pension account. If you close the current PF account and withdraw your dues, you lose pension contribution. All those changing job from one employer to another, may please keep this in mind and consider continuation of their PF accounts with the new employment. Only those who are permanently bidding good bye to the career, may close their PF accounts and take whatever dues they are eligible with EPS 1995 penson or otherwise.
Thanks and regards.
From India, Pune
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls