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 the process for the withdrawal of this amount even after 4 yrs of quitting that company. pls if anybody knows the process let me know, more
I hope the local /Regional EPF officials also must have suggested the formalities by now. Many places such as in Rourkela- Sandarach District, Odisha- 769008, many complained about non-Cooperation of EPF officials in settling the EPF complaints, for many years - such as one with PF ACCOUNT NUMBER-OR/7363/101 which was transferred from Kolar Gold Fields -Karnataka bearing number KN/15092/78 since 2006-07. more
Not clear from your post whether you have retired or just moved on to a new organization. If you have retired then the process is straightforward. Your organization would have deposited your deductions into a Group Superannuation Scheme with any of the authorised organizations (like LIC, SBI, ICICI Prudental etc.). Your organization will provide you a group superannuation claims form for disbursement/withdrawl and will file it with the them. Please ask your HR for this form, and also ask them for the contact person of the Scheme provider. This is fairly straightforward and you shouldnt have issues. If you have not retired, then you have the option of getting this transferred to your new organization/s Superannuation Scheme. Check with your organizations person who deals with retirals benefits. You payroll person should be able to help in coordinating this. If however you want to withdraw this amount in full, there will be a restrictions and conditions depending on the terms of the scheme. But in most cases there will be a major tax liability. Take the advice of a tax consultant, before you withdraw the full amount. more
You have to approach your employer. Normally at retirement an employee is allowed to withdraw 33% of Superannuation amount. The balance amount is used for buying an Annuity for you from LIC which provides regular income. You can choose the type of annuity you want. more
Your ex employer may be having Superannuation Fund Trust. Payment of superannuation may be depends on your Trust rule and option you have choose at the time of your resignation. Normally superannuation fund is paid on reaching superannuation age i.e. retirement date 58 or 60 year as the case may be. In some cases, depends upon your superannuation fund trust rule, you may get your fund at the time of resignation, if you have choose the same at the time of resignation. Approach Superannuation Fund Trust of your ex employer. more
Hi my friend has been working in a multinational company for the last 12 years in Gurgaon. His PF account was created by the company however when my friend checked the details, his surname was ment...
I am 57 yrs and quit my organization, in Oct'2022, having worked there for 12 years. Employer deposited final PF contribution on 11-Nov'2022. As per rules, I wanted to withdraw my PF aft...
My epfpension started on 2004 September at the age of 58.I retired on September 2006 from bhel. I am getting rs.1192 as epf Pention. As per the recent supreme court is there any chance for increas...
Dear EPFO Your passbook website is down for the past few days and despite many assurances, it has not been brought online. The current Financial Year is coming to a close in the next two months and...
i am a member of PF and deductions are being made towards PF since 1997. Due to change of employment although PF accumulations got transferred and reflected with the current employer's statement, E...
while doing the final withdrawal, the system asks to fill 15H form. I have been EPF member more than 5 years (considering my work service cumulatively in different organisations). Should I still fi...
This is really atrocious, I my self have complained to EPF board but there is no suitable reply. There seem to no reason except the the fact they are callous.
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
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