EPF withdrawal from an organization EPF trust

I have been relieved from my last job on 9th Feb 2016 in an organization in Ahmedabad and have started my own venture.

Now as per the new rules, full accumulation of the EPF corpus can be withdrawn only till 30th April 2016 and new rules apply from 1st May 2016, which states that only the employee portion with interest can be withdrawn and the balance at the age of 58.

My EPF accumulation is with this organization trust and not with the EPF office. On contacting the company's EPF authorities, I was informed that they cannot allow full withdrawal as the extension in date for full withdrawal is only for those who have their EPF balance in EPF office and I have to withdraw my portion immediately as they cannot retain my accumulation with them for a long time.

I need to know the actual rule applying to the various trusts operated by organizations in India.

Is the rule different for EPF office and private trusts? Is it prudent to have different rules for EPF
formalities?

Can anyone guide me with the actual rule applying to all the EPF trusts in India?

Awaiting response. more  

View all 8 comments Below 8 comments
How long did you worked with the present employer?s c wadhwa more  
Whether your PF accumulations are with EPFO with PF Trust of an exempted organisation, provisions of EPF & MP Act, 1952 and the amendments from time to time have to be followed. When your resigned in February, you should have applied for withdrawal, the TRUST could hav e settled the case immediately after completion of two months, i.e. much before thedeadline. Now you have no option but to wait until you attain the age of 58 years. more  
Yes what MM Ali Khan says is right. Go to EPF Office meet the comnissioner. He will guide you in an unprejudised way. No doubts wiil be lwft as he is the authority take action per prevailing rules..my experience in mubai epfo is this recently i got the withdtawal offcourse it was done before changes in rules.... Plz contact EPF Office personally and your job will be done in a month..no hanging around.. more  
I have exactly the same issue and there is no clarity from any end more  
I really do not know why government is coming with such rules at all. There are many who has plans like this. What will they do in case they leave/lay off the job early. Wait and suffer till they reach 54. :( Extremely disappointed. Even I am thinking to take early retirement and do something on my own. more  
Post a Comment

Related Posts

    • Non disbursement of superAnnuaration Amount

      I had worked for 8 yrs with an MNC company and had deducted around 1 lac as SuperAnnuatiaon component. But till now i am not able to withdraw the amount. I am not aware of where and how to initiate...

      By Sunil N
      /
    • Non disbursement of Superannuation Amount.

      I have worked for 4 years with a renowned - No. 1 Organisation in India for 4 years (2014 to 2018). Certain amount was deducted from or salary towards super annuity. However, neither superannuation...

      By SHRIKANT SATHE
      /
    • INTEREST RATES AND OUR CULTURAL VALUES

      TODAY, WE AL TALK OF LOWEST INTEREST RATE FOR 5 CRORE SUBSCRIBERS. WHEN BANK FIXED DEPOSIT INTERST RATES FELL DOWN TO 5% PER YEAR. AND SAVINGS----. NO ONE ,STILL, IS THINKING OR WRITING ABOU...

      By Satyapal Singh
      /
    • EPFO lowering interest rates is not good

      EPFO slashes interest rates to 8.1%, lowest in over 40 years. Over 6 cr EPF account holders will feel the pinch. Similarly: Interest on FD ⬇️ Interest on PPF⬇️ Interest on Post offic...

      By Sarita Ravichandran
      /
    • Is EPFO a time bomb asks S. Nag

      The ongoing fiasco at the National Stock Exchange (NSE) is testimony to the blatant disregard of sound corporate governance practices in institutions, which are allowed to function as closed entiti...

      By Satvik Singh
      /
    • PF a/c holders Pension benefits. After retirement getting very less pension.

      Dear Respected members, Please note I am 56 year old, and I have been a PF a/c holder for past 19 years. When I check what is the pension I am going after 60 OR retirement, it is very l...

      By Arun Kumar
      /
    • EPFO servers defunct

      EPFO walon, Your server has been unresponsive for a while now. The error message is consistent for anyone who tries to go about the e-nomination process. Please sort this .

      By Satvik Singh
      /
    • When EPF Portal will be able to serve people online?

      EPF Work is for namesake online but practically it hardly serves to 5-10% people, otherwise of this portal of no use. It requires you to visit PF Offices despite of all documents uploaded and accep...

      By Vinod Kale
      /
    • Recovering EPF Payment grievance

      I have EPF payment due for my service as on Dec2019, due to certain personal reasons I could not take up further employment and I attempted to get back the payment due to me in December 2012 but th...

      By Nishith Kumar Mukherjee
      /
    • EPFO AND CONSUMERS

      Sorry to write about the dis satisfying performance of EPFO.. ITS GOVT ORGANIZATION, HENCE SOME DICTATORSHIP SMELLS THERE,THEY DONOT RESPOND TO ANY PROBLEM. IN MARCH 2009,MY FAMILY PENSIO...

      By Satyapal Singh
      /
    • Withdrawl of PF

      I lost my job after May 2020. I want to withdraw my PF but I am unable to do same because my company has been liquidated n the IRP appointed by NCLT has not authorized anyone as authorize signatory...

      By Ravi Rai
      /
Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)