Foreign Workers Permitted to Withdraw from Provident Fund

Posted by Reading Time: < 1 minute

May 16 – India’s Ministry of Labor and Employment in the lower house of Parliament has given the information that, as per the amended section of paragraph 69 under paragraph 83 of Employees’ Provident Fund Scheme (1952), overseas workers are permitted to withdraw the entire amount standing to their credit in the fund in the following situations:

  • After retirement from service in the organization at any time after attaining the age of 58 years;
  • After retirement on account of permanent and total inability to work due to physical or mental sickness duly certified by medical officers;
  • In respect of a member covered under a social security agreement entered into between the government of India and any other country, on such grounds as may be specified in that agreement.

The requirements of out of order accounts are, however, not pertinent with respect to international workers.

Dezan Shira & Associates is a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in India. For more information, please contact, visit, or download the firm’s brochure here.