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Employees Provident Fund

Personal Finance & Money Asked by Jasbir singh on December 30, 2020

My age is 35 years. At The age of 24 I Worked in a firm on which provident fund was applied in Jalandhar Punjab in 2007.

Three years after I left the job due to depression in 2011. During this period rs. 10000 was deducted as Provident Fund from my salary. Due to depression, I could not withdraw my provident fund.

Eight years have passed till now. I want to know

  1. Can I withdraw my provident fund now . If not why? I want to know what has happened to my account. I want to know if it has been distributed othetwise. Is it possible. As per EPF rules if an employee does not withdraw EPF 36 months after closing it it becomes inoperative. What is an inoperative account . what happens to it. As per internet when an employee after retirement at the age of 55 years do not withdraw EPF within 36 months it becomes inoperative . And after 7 years of its becoming inoperative it is transferred to senior citizen welfare fund. Means after 10 years of closing an EPF account is transferred to senior citizen welfare fund. And that too at the age of 55. Can such case happen to my account ,because my age is only 35 and only 8 years have passed after its closing. I want to know – 1. What has happened to my account.

  2. If my fund has been distributed otherwise I have not been informed about it through any notice. Is it not illegal to do so with someone’s account? Is not it the duty of the department to inform an employee before doing anything to his of account. Please clarify it.

One Answer

The deductions are credited to 2 different account. EPF, that can be withdrawn, FPF max of rs 1250 per month. This portion is used to give you pension after retirement.

Your employer or PF office can help

Answered by Dheer on December 30, 2020

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