Administration Manual - B.E.S.T. Undertaking.

(i) On the death of the member,
ii) On retirement from service after attaining the age of
superannuation.
iii) On account of permanent and total incapacity for work due to
bodily or mental infirmity duly certified by the Undertaking’s Medical
officer or a Registered Medical Practitioner.
(iv) Before migration from India for permanent settlement abroad,
(v) On termination of service, in the Undertaking. The member has to declare in
writing, that he has not been employed, in any factory or establishment to which
the E.P.F. Act 1952 applies, for a continuous period of not less than two months
immediately preceding the date on which he makes an application for
withdrawal.
In case where an employee joins an establishment where the EPF Act 1952
applies, in that case the provident fund credited in his account along with the
interest has to be transferred to his new account of the establishment
(vi) On individual or mass retrenchment. In cases of mass retrenchment, the
Provident Fund Account of the members may be settled by the Trustees without
the waiting period of six months, if the members so desire.
Payment on Death of Member:-
495