withdrawal of PF
Gargi
(Querist) 16 April 2009
This query is : Resolved
Hi Dear all,please guide me on my query ;
Can employee withdraw entire amount credited to his PF if he left job after si months of joining ;
as it is rightly stated Out of 12% (or 10% as the case may be) of the employer’s share of contribution, 8.33% is to be remitted towards pension fund.
can employee take benifit of this pension fund also though he left job after six months but through following prpoerprocedure for his releavence
Guest
(Expert) 17 April 2009
Yes. he can withdraw the entire PF amount lying in his account or other wise, if he gets another job, he can get this amount transferred to the new account along with accumulation in pension fund. Without completing the qualifying period, he cannot get the amount lying in pension account.
