Provident fund

673 views 1 replies

I have query related to Employee Provident Fund Act,1952.

Employee who transfer his job from one establishment to another estabilshment

i) how can employee withdraw Provident Fund amount?

ii) which amount he can withdraw i.e employee contribtion or employer contribution or both?

iii) for howmuch time period employee get interest on Provident Fund amount?

iv) in above situation where employee transfer his job from one establishment to another estabilshment can he withdraw or transfer Provident Fund amount?

It is clarified that both the establishment are exempt from Employee Provident Fund Act.

Replies (1)

Employee needs to fill out all the details in the EPF withdrawal form & submit it to teh HR of the Co in whihc he was working. The employee needs to give his bank account number in the from, so that proceeds can be credited to that account. The amount credited is Employee & Employers contribution to PF & accumulated interest on both the contributions.

till the amount is standing to the credit of the PF organization employee will get the interest to his acount at the rates in force.

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