Thursday 4 May 2017

Withdrawal Policy for International Workers under Provident Fund

The instructions outlined below have to be followed while making payment to the international worker at the time of leaving India:
  • Employer should make the payment of contribution through separate ECR within 3 days of the month in which the member is leaving the country;
  • Employer should submit the claim forms in respect of such international worker by 6th of the month in which such member is leaving service;
  • The Provident fund office will settle the account and credit the accumulated amount to the member’s account on the date of leaving service in India to the bank a/c maintained in India. (If the member desires interest on the settlement amount for the month of retirement, then the credit will happen on the first day of next month)

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