Provident Fund

Provident Fund or more commonly known as PF is a familiar term for most of the salaried class of population. But most people are ill-informed about the withdrawal methods post-resignation or retirement.

In case the PF account is with the government PF office, it is not mandatory to get the withdrawal form attested by the employer. A notarized form will also serve the purpose. Where the PF account is with a trust (floated by the employer), getting money could be difficult but is definitely not impossible.

Organizations running a PF trust try to armtwist its employees into coughing up money before releasing the PF amount or simply hold back the amount citing improper exit etc. Whatever be the reason, release of PF amount and such silly excuses have no relation. Escalating the matter to the relevant PF commissioner is generally helpful. Registering on http://darpg-grievance.nic.in/ can also be helpful. Employees who are not aware of such channels generally get stuck and end up giving into the unreasonable demands of employers.

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