Thursday, November 29, 2012

Provident Fund Withdrawal - Duties of the Regional PF Commissioner


Payment of Employees' Provident Fund:

1. When your Provident Fund amount becomes payable, it is the duty of the Regional PF Commissioner to make a prompt payment as provided in EPF & MP Act 1952 scheme.

2. If any portion of the PF amount, which has become payable, is in dispute or doubt, the Regional PF Commissioner shall make prompt payment of the fund in regard to which there is no dispute or doubt, the balance being adjusted as soon as may be possible.

3. If the person to whom any amount is to be paid under above the scheme is a minor, the payment shall be made to his guardian as per the Guardian and Words Act, 1980.

4. If the person to whom any amount is to be paid under above scheme is a lunatic for whose estate a manager under the Indian Lunacy Act has been appointed, the payment shall be made to this manager. If no such manager has been appointed, the payment shall be made to the natural guardian of the lunatic.

5. It is brought to the notice of the Commissioner that posthumous child is to be born is to be born to the deceased member. He shall retain the amount which will be due to the child in the event of its being born alive, and distribute the balance. If subsequently no child is born or the child is still-born, the amount retained shall be distributed in accordance with the provisions of the scheme.

6. Every employer shall, at the time when a member of the fund leaves the service, be require to get a claim application, for the payment of provident fund, duly filled in and attested, and to forward the said application to the PF Commissioner's Office or any other officer authorized by him in this behalf.

7. Every employer shall, on the death of the member and on receipt of the application for receiving the amount standing to the credit of such member, forward forthwith (but not later than the five days of the receipt) the said application to the PF Commissioner's Office or any other officer authorized by him in this behalf.

8. The payment may be made as per the choice of the member by following means:

[a] Postal Money Order (can not exceed Rs. 2000/-) [b] A/c payable cheque deposited to any nationalised Indian bank or post office. [c] Annuity term deposit scheme [d] through the employer

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