I left my job recently after working there for five years and two months. —Name withheld on request Since your current employer is not covered under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, it will be unable to establish a PF account on your behalf. Given the absence of a new PF account with your current employer, the …
The Employees’ Provident Fund is one of the most popular retirement fund options available for salaried employees in India. As a part of this, employees contribute 12 per cent of their basic salary, and an equal contribution is also made from the employer’s end towards their EPF accounts. – An employee can also withdraw 90 per cent of the PF …
One of the many saving instruments which is also considered the most reliable retirement-focused reserve is the Provident Fund or PF account. READ: Second Covid Wave Could Cause 'Greater Uncertainty', Says Niti Aayog Official As per the PF withdrawal norms, an EPF account subscriber can opt for withdrawal in certain conditions such as job loss, repayment of a home loan, …
