Dear Sir,
please guide me that what is the process of pf withdraw,if employee wants withdraw pf without resignation so it is possible if yes so what is process,so the employee can get his pf amount without resign ,
Regards- Sonpalraghuwanshi
From India, Indore
please guide me that what is the process of pf withdraw,if employee wants withdraw pf without resignation so it is possible if yes so what is process,so the employee can get his pf amount without resign ,
Regards- Sonpalraghuwanshi
From India, Indore
You Can’t with draw your PF until unless you resign the Organization. BR Raz Global HR
From India, Bangalore
7From India, Bangalore
You can’t withdraw you PF until you resign from the job and complete 60 days from resign date, only after this you can file PF claim for final settlement. There is no shortcut.
From Singapore
From Singapore
If your are working and you have required money you can choose other benefits of PF, just Like you can apply for loan against PF for Building House, Marriage of Children.
From India, Indore
From India, Indore
Dear Sonpalraghuwanshi,
No employee can withdraw their PF before resign to the company. There are some withdrawal benefits can be availed.
Advance/ Withdrawals may be availed for the following purposes:
•Marriage / Education
Purpose : For the marriage/education of Self & Family
Eligibility : Should Complete atleast 7years of service.
Max Amount : 50% of Emp’e Share
Document : Apply in Form 31 thorough the Employer
•Treatment
Purpose : Treatment of Self, Family (Dependents)
Eligibility : No minimum service required
Max Amount : 6 times of Wages or Full of Emp’e Share
Documents : Apply in Form 31 through the Employer
•Purchase or construction of Dwelling house
Purpose : Purchase or Construction House/Flat
Eligibility : Should complete 5years only in one service.
Max Amount : 36 times of Wages.
Documents : Apply in Form 31 through Employer
•Repayment of Housing Loan
Purpose : Payment of House Loan
Eligibility : Should complete 10years only in one service.
Max Amount : 36 times of Wages
Documents : Apply in Form 31 through the Employer
•Purchase of Plot
Purpose : Purchase of Site/Plot
Eligibility : Should complete 5years only in one service
Max Amount : 24 times of Wages
Documents : Apply in Form 31 through the Employer
•Addition/Alteration of House
Purpose : Repair of house
Eligibility : Should complete 5years only in one service / Construction of House.
Max Amount : 24 times of Wages
Documents : Apply in Form 31 through the Employer
•Lockout
Purpose : Lockout of Closure of the Establishment
Eligibility : Should be closed for 15days / No wages for 2months.
Max Amount : Total of wages multiplied by no.of months closed
Documents : Apply in Form 31 through the Employer
•Withdrawal Prior to Retirement
Purpose : Withdrawal prior to Retirement
Eligibility : No min service, atleast 54 years of age /
1year before retirement.
Max Amount : 90% of total of both shares
Documents : Certificate from the Emp’r showing the date of
retirement / Apply in Form 31
•Other Advances
Purpose : Advance in Abnormal Conditions
Eligibility : Certificate of damage from appropriate authority
Max Amount : Rs. 5000/- or 50% of member’s own share of
contribution.
Documents : Certificate from Appropriate authority / Form 31.
Regards,
K.SAIKISHORE
SENIOR EXECUTIVE - HR
HYDERABAD
09949423193
From India
No employee can withdraw their PF before resign to the company. There are some withdrawal benefits can be availed.
Advance/ Withdrawals may be availed for the following purposes:
•Marriage / Education
Purpose : For the marriage/education of Self & Family
Eligibility : Should Complete atleast 7years of service.
Max Amount : 50% of Emp’e Share
Document : Apply in Form 31 thorough the Employer
•Treatment
Purpose : Treatment of Self, Family (Dependents)
Eligibility : No minimum service required
Max Amount : 6 times of Wages or Full of Emp’e Share
Documents : Apply in Form 31 through the Employer
•Purchase or construction of Dwelling house
Purpose : Purchase or Construction House/Flat
Eligibility : Should complete 5years only in one service.
Max Amount : 36 times of Wages.
Documents : Apply in Form 31 through Employer
•Repayment of Housing Loan
Purpose : Payment of House Loan
Eligibility : Should complete 10years only in one service.
Max Amount : 36 times of Wages
Documents : Apply in Form 31 through the Employer
•Purchase of Plot
Purpose : Purchase of Site/Plot
Eligibility : Should complete 5years only in one service
Max Amount : 24 times of Wages
Documents : Apply in Form 31 through the Employer
•Addition/Alteration of House
Purpose : Repair of house
Eligibility : Should complete 5years only in one service / Construction of House.
Max Amount : 24 times of Wages
Documents : Apply in Form 31 through the Employer
•Lockout
Purpose : Lockout of Closure of the Establishment
Eligibility : Should be closed for 15days / No wages for 2months.
Max Amount : Total of wages multiplied by no.of months closed
Documents : Apply in Form 31 through the Employer
•Withdrawal Prior to Retirement
Purpose : Withdrawal prior to Retirement
Eligibility : No min service, atleast 54 years of age /
1year before retirement.
Max Amount : 90% of total of both shares
Documents : Certificate from the Emp’r showing the date of
retirement / Apply in Form 31
•Other Advances
Purpose : Advance in Abnormal Conditions
Eligibility : Certificate of damage from appropriate authority
Max Amount : Rs. 5000/- or 50% of member’s own share of
contribution.
Documents : Certificate from Appropriate authority / Form 31.
Regards,
K.SAIKISHORE
SENIOR EXECUTIVE - HR
HYDERABAD
09949423193
From India
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Guide Lines for PF Withdrawal.doc