 Submit an indemnity bond to withdraw my PF account which is inactive

for now over 3 years

Since 3 years have passed without any activity in the account hence the
requirement for the indemnity bond and Affidavit. It needs to be done on a
Rs 100 stamp paper in presence of a 1st Class magistrate and then a public
notary.

Indemnity bond / affidavit for PF withdrawal

The PF authorities might have asked for indemnity bond following scheme 72
(6) (ii) of the Employees Provident Fund Schemes. Correct me if I am wrong.
According to the said provision, if an employee's account remains unclaimed
for three years from the date on which the amount became due, the same
will be transferred to Unclaimed Deposit Account. When a claim comes after
such transfer, the amount will be paid out of it but only after a confirmation
that the claimant is the member or is the authorised to claim the amount as
spouse or children nominated by the member before his death. You can
mention the reason for not withdrawing the PF as " I kept the account
pending for transfer to new account when I get employed in a new
establishment but unfortunately, that did not happen and in the due course,
and due to oversight, I missed to withdraw the funds". The bond/ affidavit
shall be made in the presence of Notary public. In case, you had an overseas
assignment for these three years, you can mention that you left India but not
permanently but with an idea of coming back to India and to take up
employment but failed to get into.

Below is the Draft to be printed on

affidavit:
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( On Rs. 100/- Stamp paper)

INDEMINITY BOND

I Shri / Smt. --------------------------------------------------------------

Age yrs.

residing at
-------------------------------------------------------------------------------
------

Solemnly affirm that

1. I was working in M/s --------------------------------- from --------

to --------------- and I was member of P.F. bearing A/c No. -----
--------------.

2. I left the service on -----------------------.

3. I have not withdrawn the P.F. dues due to

----------------------------------- till today.

4. I have opened my Bank A/c with --------------------------- A/c

No. ------------------ On -------------and still it is not closed.

5. I indemnify to the Central Board of Trustees, Employees

Provident Fund Organization against any loss and wrong
payment which may be sustained by Payment of P.F. and E.P.F.
dues to me.

This affidavit- cum – Indemnity Bond signed by me before 1 st class

Magistrate on this -------------------- day of -----------------year.