I have a friend who is a foreign national (South Korean). I am mentioning the country because India has treaties with some countries where PF can be transferred to foreign nationals' countries. He worked for an Indian company for about two years, and the company made regular contributions to his PF and FPF. He has resigned and gone back to his own country. How can he claim the amount contributed towards PF and FPF.
Experts and experienced seniors, please help.
From India, New Delhi
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13Experts and experienced seniors, please help.
From India, New Delhi
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Dear KK,
If there is a Social Security Agreement between South Korea and India, the foreign national (PF Member) can withdraw PF accumulations. Otherwise, he can withdraw only after attaining the age of 58 years. Let us wait for experts' opinion on this regarding International workers' PF eligibility.
Regards,
S.Vijay
From India
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If there is a Social Security Agreement between South Korea and India, the foreign national (PF Member) can withdraw PF accumulations. Otherwise, he can withdraw only after attaining the age of 58 years. Let us wait for experts' opinion on this regarding International workers' PF eligibility.
Regards,
S.Vijay
From India
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As far as I understand PF rules, in order to withdraw accumulation, you have to have a bank account in an Indian bank. If a foreign national goes back to their own country, they will not be able to maintain the account. Are there any options to transfer the accumulation to another country?
Experts, kindly advise.
From India, New Delhi
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Experts, kindly advise.
From India, New Delhi
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