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Q.

When the employee in Private Firm can Withdraw PF / FPF ?

Tags: money, careers, pf
Asked by RAJESH ALHAT, 16 Mar '11 10:33 am
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Answers (2)

1.

Either on superannuation or on termination or, on resignation. One thing I like to add also here. It is no longer FPF. From 15/11/1995, it is EPS (Employees' Pension Scheme). PF can be withdrawn on the above ground immediately except in the case of resignation. In the event of resignation, one has to await at least two months to withdraw his dues. EPS can also be withdrawn in one lump sum if the concerned member contributed less than 10 years in the statutory fund. Otherwise he is eligible for monthly pension either at the age of 58 or may apply for reduced pension on or after the age of 50. Thanks.
Answered by ashis, 16 Mar '11 11:14 am

 
  
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2.

Aftre 5 years completion can with draw
1) for self marriage expenses
2)Medical tretament
3) Buying of property/ house building- but only ur share of contribution

4) If leaving the job and changing after 3 months gap yes u can with draw 100%
Answered by SriniVenkat, 16 Mar '11 10:40 am

 
  
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