What are the documents required for pf withdrawal?

Posted on 04th Jul 2018 | 1287 views

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Documents required for pf withdrawal are the forms to be filled when a concerned person tries to withdraw their pf amount. PF or provident fund is a type of investment fund that is received by the employee or concerned person when the time of retirement or resignation. PF is a formed by regularly taking a small portion of employee salary and the amount contributed by the employer so that the lump sum is given to each employee at their retirement or when relieving from the workplace.

There are two types of PF, EPF and PPF. EPF or Employee provident fund is a scheme introduced to provide security and financial support to the employees after their retirement whereas PFF or Public provident fund is a scheme that can be utilized by non-salaried persons. For PPF scheme, the nationalized banks will open a PPF account for the approached/ necessary person with a minimum payment of 500 per year and a maximum of 70000. The government has decided to give 8.5% returns per annum on EPF while 8% on PPF. In order to release the provident fund from an employer or the organization, one has to submit a set of documents which are noted as PF withdrawal documents.
Forms required for Pf withdrawal

Forms required for PF withdrawal:

Forms required for Pf withdrawal are written certificates that are necessary to be filed by the concerned person in order to withdraw PF. The basic documents required to withdraw PF are Form19, ID proof, Address proof, Form 10C, Bank statement along with a canceled cheque. In order to release the PF from the company/ organization, the employee must file the documents for pf withdrawal so that the company verifies details of the employee and calculates his/her PF amount according to his working period and monthly installments that are paid. Form 19 requires the following details to be filled by the candidate. Name of the candidate and father/ mother/ guardian name along with permanent residential address and the reason for leaving the job with date and PF account number and the mode of remittance.

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