PROVIDENT FUND (PF) WITHDRAWAL : IBM INDIA PVT LTD
In the Current Blog..i want to describe the guidelines for withdrawing Provident Fund (PF) in IBM India Pvt Ltd. I just wanted to explain the step-by-step procedure to be followed .. as many of my friends asked me the procedure for withdrawal ..
Note: Provident Fund Withdrawal needs to be initiated only after the completion of 60 days from the date of leaving Or else it will be rejected.
Please fill the Forms attached (Form-10C.pdf -Form-19.pdf and Guidelines-form-10C.pdf , Guidelines-Form-19.pdf) and send the duly filled in and signed hardcopies of the forms to the address below for withdrawal of PF
Please refer the sample filled form which is attached for your reference,
the details which shown in the sample form is mandatory, if you
miss any of details then your Form will be rejected and sent back to
you.
Please ensure below points are taken care before sending the forms to
IBM :
IBM :
1. Application Forms – Please ensure that the Forms are printed back to back.
2. Filling the Application - Please use only blue ink to fill the Forms.
3. Name – Please ensure you are filling your name same as it appears in IBM records. Also ensure the name is matching with your bank account. Any mismatch in this regard will lead to rejection of the claim.
4. Over Writing – Please avoid over writing in the form, as over writing will lead to rejection of the claim.
5. Signatures - Please ensure that your application is complete with all mandatory employee signatures. (3 Signatures on Page No.3 of the Form 19 and 2 signatures on Page No.3 of the Form 10C).
6. Cancelled cheque leaf - Please ensure that a cancelled cheque leaf
(with the name,IFSC code printed on it) has been attached along with
the PF withdrawal form. Also ensure that the bank details filled in
the form is matching with the details appearing in attached cancelled
cheque leaf. In case name is not printed on cheque, along with
cheque leaf ensure that a bank statement with last few transactions
is attached with forms. Please make sure IFSC code is appearing in
both cancelled cheque leaf and bank statement. Also make sure that
the bank account number you are providing is of individual account.
7. ID Proof- In case you are applying for PF withdrawal after 2 years
and 6 months from the date of leaving , ensure that you have
attached Photo ID proofs Like Pan card/ Passport/ Voters ID along
with the forms.
2. Filling the Application - Please use only blue ink to fill the Forms.
3. Name – Please ensure you are filling your name same as it appears in IBM records. Also ensure the name is matching with your bank account. Any mismatch in this regard will lead to rejection of the claim.
4. Over Writing – Please avoid over writing in the form, as over writing will lead to rejection of the claim.
5. Signatures - Please ensure that your application is complete with all mandatory employee signatures. (3 Signatures on Page No.3 of the Form 19 and 2 signatures on Page No.3 of the Form 10C).
6. Cancelled cheque leaf - Please ensure that a cancelled cheque leaf
(with the name,IFSC code printed on it) has been attached along with
the PF withdrawal form. Also ensure that the bank details filled in
the form is matching with the details appearing in attached cancelled
cheque leaf. In case name is not printed on cheque, along with
cheque leaf ensure that a bank statement with last few transactions
is attached with forms. Please make sure IFSC code is appearing in
both cancelled cheque leaf and bank statement. Also make sure that
the bank account number you are providing is of individual account.
7. ID Proof- In case you are applying for PF withdrawal after 2 years
and 6 months from the date of leaving , ensure that you have
attached Photo ID proofs Like Pan card/ Passport/ Voters ID along
with the forms.
8. Please enclose following documents along with forms
a) photocopy of Full and Final settlement letter.
a) photocopy of Full and Final settlement letter.
b) Please attach a (crossed cheque leaf written as cancelled).
c) cancelled cheque.
9. Scanned/ photocopy applications are not acceptable for process.
10.Please mention your mobile number on top of the application (written in
10.Please mention your mobile number on top of the application (written in
pencil ).
Above documents needs to be couriered to the following address.
IBM India Pvt Ltd.
Retirals Team
Global Process Services - HR Delivery
Manyata Embassy Business Park,
D1, 4th Floor, Outer Ring Road,
Nagawara, Bangalore - 560 045
ibmretirals@aonhewitt.com
ibmretirals@aonhewitt.com
Once above forms are couriered to IBM address, they will file with PF office
After 1 Month (approx) you will receive pf withdrawal tracking number to your mobile ..which you mentioned earlier.
Then you need to wait for 3 months (approx) for the PF amount to be credited in your Bank Account which you mentioned earlier.If you file during march-july months it will take long time as Provident Fund office employees are involved in the year end financial transaction calculations .. it might take up to 6 months ..
PF Withdrawal will take less time compared to PF Transfer .. some times it will take up to 2 years for PF transfer .. So in my perspective PF Withdrawal is better Option then PF Transfer
Uploaded all 4 documents to Google Docs .. so please download from the following urls
