Pf Withdrawal Forms 19 And 10c
Latest Update!Interest rate on PF deposits increased to 8.65% from 8.55% for the FY 2018-19.PF ( Provident Fund ) or EPF is also called the Employee Provident Fund Scheme. It is one where the employees contribute a small portion of their remuneration i.e. 12% of their basic pay every month. A matching amount is contributed by the employer. Such a contribution, together, form a corpus. This is to be used to fund the employee’s retirement. EPF withdrawal by employees can, however, be done earlier itself i.e. During the course of their employment.
Such circumstances have been elaborated later in the article.Read our other articles on, &,. Here, it would be relevant to mention that EPF organisation has made the allotment of i.e. The Universal Account Number compulsory for all the employees covered under the PF Act. UAN would be linked to the employee’s EPF account.
The UAN remains portable throughout the lifetime of an employee and there is no need to apply for EPF transfer at the time of changing jobs. In this article we cover the following topics:.EPF WITHDRAWAL 1. When can EPF be withdrawn One may choose to withdraw EPF completely or partially.
EPF can be completely withdrawn under any of the following circumstances:a. When an individual retires from employment b. When an individual remains unemployed for a period of 2 months or more. Here, it needs a mention that the fact that the individual is unemployed for more than 2 months has to be certified by a gazetted officer. Further, complete withdrawal of EPF while switching over from one job to another without remaining unemployed for 2 months or more(i.e. During the interim period between changing jobs), will be against the PF rules and regulations and therefore illegal.
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Form 19 Pf Withdrawal Online
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Pf Withdrawal Forms 10 C
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