Just want to know that current employee working in an organization can withdraw his/her PF amount. Please let us know.
From India, Ahmedabad
Acknowledge(0)
Amend(0)
4From India, Ahmedabad
Acknowledge(0)Amend(0)
Hello,
Yes, a current employee can withdraw the PF amount, but to some extent. For that, there is Form 31 for the application of advance. By filling out this form, you can take out some money from your PF account. You have to provide a reason and proof, such as for the purchase of a plot or for a marriage. This way, you can withdraw the PF amount.
From India, New Delhi
Acknowledge(0)Amend(0)
Yes, a current employee can withdraw the PF amount, but to some extent. For that, there is Form 31 for the application of advance. By filling out this form, you can take out some money from your PF account. You have to provide a reason and proof, such as for the purchase of a plot or for a marriage. This way, you can withdraw the PF amount.
From India, New Delhi
Acknowledge(0)Amend(0)
Dear DishaJR,
Just adding value to Sach001's query, a member of PF may avail the following non-refundable advances:
1. For the purchase of a dwelling house;
2. For the construction of a house;
3. For additions, alterations, or improvements to a house owned by the member or his/her spouse;
4. In case of a lockout or reasons other than a strike;
5. In case of non-receipt of wages for two months;
6. In case of illness affecting the member or his/her family member;
7. In case of the member's marriage, or the marriage of his/her son, daughter, brother, or sister; and for some more reasons subject to certain conditions and submission of documentary proof.
Please let me know if you need further clarification or assistance.
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
Just adding value to Sach001's query, a member of PF may avail the following non-refundable advances:
1. For the purchase of a dwelling house;
2. For the construction of a house;
3. For additions, alterations, or improvements to a house owned by the member or his/her spouse;
4. In case of a lockout or reasons other than a strike;
5. In case of non-receipt of wages for two months;
6. In case of illness affecting the member or his/her family member;
7. In case of the member's marriage, or the marriage of his/her son, daughter, brother, or sister; and for some more reasons subject to certain conditions and submission of documentary proof.
Please let me know if you need further clarification or assistance.
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Member,
It is not possible to withdraw 100% of your contribution. However, for purposes such as marriage or children's marriages, you are eligible to make a withdrawal. Additionally, for house construction, you can withdraw after completing 7 years of service. In this case, you can withdraw up to 95% of your PF contributions without the need for repayment.
Regards,
S Rao
From India, Hyderabad
Acknowledge(0)Amend(0)
It is not possible to withdraw 100% of your contribution. However, for purposes such as marriage or children's marriages, you are eligible to make a withdrawal. Additionally, for house construction, you can withdraw after completing 7 years of service. In this case, you can withdraw up to 95% of your PF contributions without the need for repayment.
Regards,
S Rao
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Team,
Paragraph 68 of EPF Scheme discusses the withdrawal of EPF amount on various grounds. To be eligible for withdrawal benefits for house construction purposes, one needs to have completed 5 years of service with the current employer as per sub-paragraph 3(a)(i) of 68B.
I am enclosing an extract of paragraph 68 of the EPF Scheme 1952 for the benefit of all readers.
Regards,
P. Vathiraj
From India
Acknowledge(0)Amend(0)
Paragraph 68 of EPF Scheme discusses the withdrawal of EPF amount on various grounds. To be eligible for withdrawal benefits for house construction purposes, one needs to have completed 5 years of service with the current employer as per sub-paragraph 3(a)(i) of 68B.
I am enclosing an extract of paragraph 68 of the EPF Scheme 1952 for the benefit of all readers.
Regards,
P. Vathiraj
From India
Acknowledge(0)Amend(0)
Yes, it is legal in some cases for an old employee who has been working for years to withdraw a part of their Provident Fund (PF). In such a situation, the employee can submit an application with a proper reason for withdrawing the PF. After approval, he/she can withdraw the amount from their PF.
From India, Lucknow
Acknowledge(0)Amend(0)
From India, Lucknow
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Steps to transfer PF amount.jpg
PF Amount Balance Check.xls
HC All - Trainees not covered for PF -2010.pdf