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For reading material refer :
Employees' Provident Fund Scheme, '52 - para 69 , 70 , 72(1)
, 72(2) , 72(3) , 72(3A) , 72(4).
Forms prescribed for claiming the Provident Fund dues :
By a member :through Form 19
On death of member by nominee/family member(s)/legal heirs: through
Form 20
SETTLEMENT UNDER PARA 69-TO MEMBER:
THROUGH FORM No.19
| Immediate
settlement without waiting period of 2 months
|
Settlement
only after a waiting
period of two months |
|
69(1)(a) Retirement after attaining 55 years
of age. |
69(1)(e)(i) transfer of a non retrenched
employee from a closed establishment to uncovered
establishment. |
|
69(1)(b) Retirement on account of total and
permanent incapacity due to bodily or mental infirmity
. |
69(1)(e)(ii) Transfer of an employee from
a covered establishment to an un-covered establishment
under the same employer. |
|
69(1)(d) Termination of service on retrenchment. |
69(2) Other cases viz. Resignation, Leaving
service, etc. |
|
69(1)(dd) Termination on V.R.S |
Note: For female members leaving service for the
purpose of getting married; waiting period not applicable. |
| 69(1)(c) Migration from
India for permanent settlement abroad or taking
employment abroad. |
69(1)(e)(iii) Members discharged
& retrenchment compensation paid under I.D.
Act 1947. |
Settlement under para 70:
(Accumulation of a deceased member) through
Form No. 20
70(i) If a nomination exists, payment is made to the nominee
in accordance with Form 2(R)
. (Nomination and Declaration Form).
70(ii) If no nomination subsists, payment is to be made to
every member of his family (as defined under para-2(g) of
Employees' Provident Fund Scheme 1952) in equal share. For
the purpose of this paragraph, a member's posthumous child,
if born alive , shall be treated as a surviving child, born
before the member's death.
But the following will not be eligible for any share, if other
family members are available to receive the accumulations.
- Major sons ,
-
Major sons of a deceased son ,
-
Married daughters whose husbands
are alive ,
-
Married daughter of a deceased
son whose husbands are alive.
70(iii) In cases where
para 70(i), 70(ii) , does not apply, the payment is to be
made to the person who is legally entitled to it, vide para
70(iii). In case there is no nominee and also there is no
person entitled to receive the amount, if the amount to the
credit of the fund does not exceed Rs. 10,000/-, the Commissioner
may pay such amount to the claimant after enquiry and after
satisfying the title of the claimant.
When the payment is to be
made to a minor, it is payable to :
-
The Guardian
appointed under Guardian and Wards Act 1890 , failing
(a), to
-
The Guardian
appointed by the member as per para 61(4A), failing (a),(b),
to
-
To the natural
guardian of the minor, failing (a) (b) (c), to
-
To the person
, considered to be the proper person by the commissioner
when the amount not exceeding Rs.20,000/- or the person
considered to be the proper person , by the Chairman ,
C.B.T where the amount exceeds Rs. 20,000/- . Para-72(3)
When the payment is to be
made to a lunatic person , it is payable to:
-
The Manager appointed
for the minor's estate under Indian Lunacy Act ,1912 failing
(a),
-
The natural guardian
of the lunatic, failing (a)(b),
-
To the person considered
by the Commissioner as proper person , amount not exceeding
Rs.20,000/- or to person considered by Chairman C.B.T
as proper person amount exceeding Rs. 20,000/-. Para-72(3A)
Note: Maximum amount
payable by money order is Rs.2000/- and beyond that by cheque.
If the amount is beyond Rs. 500/-, the M.O. cost will be borne
by the claimant.
Para 70(A):
If a person entitled
to received a share in the Provident Fund accumulations of
a deceased member is charged with committing the murder of
the member or with abetting the crime, the share payable to
such person shall be retained till the case is finalised .
If, subsequently he/she is exonerated, the share will be paid
to him/her. If such a person is found guilty and convicted,
the share will be paid equally to other person(s) entitled
to receive the accumulations.
WITHDRAWALS
| Types of Benefit |
Eligibility
|
Eligible Amount
|
Form |
Documentary Support |
|
The purchase of site for construction of house
|
5 Years of membership of the Fund (Minimum balance
in member’s a/c should be Rs. 1000/-)
* The purchase should be in favour of member or
member spouse.
|
l 24 months wages (Basic & DA)
OR
l Member’s own share of contribution + Company’s
share of Contribution with interest thereon
|
No.31
|
A
declaration from the member that, dwelling site
or dwelling house/flat or the house under construction
is free from encumberances and the same is
under the title of the member or the spouse (notification
dated 25.2.2000) |
| The
Construction of House |
5
Years of membership of the Fund
(Minimum balance in member’s a/c should be Rs. 1000/-)
* The purchase should be in favour of member or
member & spouse.
|
l 36 months wages (Basic+DA)
OR
l Members own share of contribution + Company’s
share of contribution with interest thereon
|
No.31
|
A
declaration from the member that, dwelling site
or dwelling house/flat or the house under construction
is free from encumberances and the same is
under the title of the member or the spouse (notification
dated 25.2.2000)
|
|
The purchase of dwelling flat |
5
Year of membership of the Fund
(Minimum balance in member’s a/c should be Rs. 1000/-)
* The purchase should be in favour of member or
member & spouse.
|
l
36 months wages (Basic+DA)
OR
l Members own share of contribution + Company’s
share of contribution with interest thereon
|
No.31
|
A
declaration from the member that, dwelling site
or dwelling house/flat or the house under construction
is free from encumberances and the same is under
the title of the member or the spouse (notification
dated 25.2.2000) |
|
Additions, Alterations or improvements to the dwelling
house |
5
years from the date of completion of dwelling house
|
12
months basic or members own share of contribution
with thereon. |
No.31
|
|
68 BB : REPAYMENT
OF LOAN
| Types of Benefit |
Eligibility
|
Eligible Amount
|
Form |
Documentary Support |
| Advance
from the fund for repayment of loan |
10
years membership of the fund & member should
have taken loan from Govt. Body |
36
month wages (Basic + DA)
OR
Members own share of Contribution + Company’s share
of Contribution with interest thereon. |
No.31
|
A
certificate from the lending authority furnishing
the details of loan and outstanding amount.
|
68 J : ADVANCE FROM FUND
FOR ILLNESS
| Types of Benefit |
Eligibility
|
Eligible Amount
|
Form |
Documentary Support |
| Advance
from the fund for illness viz. hospitalisation for
more than a month, major surgical operation or suffering
from TB, Leprosy, Paralysis, Cancer, Heart ailment
etc. |
Stay
in Hospital at least for a month |
6
moths wages (Basic + DA) |
No.31
|
A
certificate from the Medical Practitioner for hospitalisation
or operation. |
68 K : ADVANCE FROM THE
FUND FOR MARRIAGE
| Types of Benefit |
Eligibility
|
Eligible Amount
|
Form |
Documentary Support |
l Advance from the fund for Marriage of self/son/daughter/
sister/brother etc.
l Advance from the fund for education of Son/Daughter
|
l 7 years membership of the fund & minimum balance
in member’s account should be Rs. 1000/- |
l 50% of member’s own share of contribution
|
No.31
|
Declaration
by the member which is attested by the employer.
|
68L : ADVANCE IN
ABNORMAL CONDITIONS
| Types of Benefit |
Eligibility
|
Eligible Amount
|
Form |
Documentary Support |
| Grant
of advance in abnormal conditions, Natural calamities
etc. |
l Certificate of damage from appropriate authority.
l State Govt. declaration. |
l Rs. 5000/- or 50% of member’s own share of contribution
(To apply within 4 months) |
No.31
|
l Certificate from the Appropriate Authority. |
68 M : ADVANCE TO MEMBER
AFFECTED BY CUT IN THE SUPPLY OF
ELECTRICITY
| Types of Benefit |
Eligibility
|
Eligible Amount
|
Form |
Documentary Support |
| Grant
of advance to members affected by cut in the supply
of electricity |
l
The advance may be granted only to a member whose
total wages for any one month commencing from the
month of January 1973 were 3/4th or less
than 3/4th of wages for a month |
l
Wages for a month
OR
l Rs.300/- |
No.31
|
Certificate
from State Govt. regarding cut in the supply of
electricity. |
68 N : GRANT OF ADVANCE
TO MEMBERS WHO ARE PHYSICALLY HANDICAPPED
| Types of Benefit |
Eligibility
|
Eligible Amount
|
Form |
Documentary Support |
| To
Physically Handicapped member for purchase of an
equipment required to minimize the hardship on account
of handicap. |
Production
of medical certificate from a competent medical
practitioner to the effect that he is physically
handicapped |
Basic
wages+ DA for six months
or own share of contribution with interest or cost
of equipment which ever is least. |
No.31
|
Certificate
from the Medical practitioner to the effect that
the member is physically handicapped.. |
Note: For calculation/ computing the
period of membership U/P 68B, 68BB, 68K, total service exclusive
of periods of break under the same employer before the scheme
is applied to him, as well as period of membership of the
fund is always included.
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