Withdrawal of Pension Amount After Less Than 6 Months of Employment: Guidelines and Solutions

Many individuals face confusion regarding the withdrawal of pension amounts during short-term employment. This article aims to clarify the rules and provide guidance on how to handle pension schemes when working for less than six months. We will also explore alternative options such as applying for a scheme certificate. Readers can find answers to frequently asked questions, including the process of transferring PF (Provident Fund) from one company to another.

Can You Withdraw Your Pension Amount After Less Than 6 Months of Employment?

Direct withdrawal of pension funds from PF schemes is not permissible if you have worked for less than six months. However, there are other means through which you can secure the service of less than six months:

You can apply for a scheme certificate and submit it to your next company to include the service of less than six months.

First and foremost, you should check with the PFO (Provident Fund Office) Regional Office to confirm whether the earlier company's PF has been transferred to the current company. If it has not been transferred, you should enquire about the possibility of withdrawal.

Can You Withdraw Your PF After 2 Months?

Yes, you can withdraw your PF after two months from the date of leaving the company. However, it is important to note that the Employee Provident Fund Organization (EPFO) is a reliable source for accessibility to PF-related issues and queries. If you need specific information about your account, you can check EPFO Queries on Quora for relevant information.

What if You Have Resigned?

Resignation involves a different set of rules. If you have resigned and wish to withdraw the PF balance, you are only allowed to do so after a 60-day period from your resignation. Additionally, you must not be working for any other establishment. Failure to meet these conditions may result in a non-approval of withdrawal.

Can You Withdraw EPS Pension Scheme Amount After Less Than 6 Months?

No, you cannot withdraw the EPS (Employees Provident Scheme) pension amount if you have worked for less than six months. Similar to the PF scheme, EPS rules mandate a minimum six-month duration of service before withdrawal is possible.

Conclusion

In conclusion, while direct withdrawal from pension amounts after less than six months of employment is not possible, there are alternative methods to secure the service credit. These methods include applying for a scheme certificate and enquiring about PF transfers. It is also crucial to consult the EPFO for specific guidelines and to check Quora for EPFO-related queries.

For more detailed information and assistance with pension-related queries, consider visiting the official EPFO website or reaching out to your local PF Office.