FGTS 2020: Caixa continues to release withdrawals of R$498.00 and R$998.00
For formally employed workers, FGTS withdrawals in 2020 in the amounts of R$$498.00 or R$$998.00 remain available. According to Caixa Econômica Federal, these amounts were predetermined based on the balance in the linked account on June 24 of last year.
Advertisements
Beneficiaries of the Severance Indemnity Fund who already had R$998.00 in their account by June 24, 2019, could withdraw a smaller or equal amount.
Continue reading and find out if you are entitled to withdrawals of R$498.00 and R$998.00 from the 2020 FGTS, released by Caixa Econômica Federal.
FGTS 2020: How does immediate withdrawal work?
First, immediate withdrawal is a new method for withdrawing FGTS funds from active and inactive accounts in 2020. This payment method was adopted by the Federal Government in 2019 through Provisional Measure No. 889/19.
When withdrawals began, the amount released by the FGTS was R$$500.00, even if the worker did not have this balance in their account. However, following a government decision, they decided to release an additional R$$498.00 for beneficiaries who had an account balance of up to R$$998.00 as of July 24 of last year.
These new values came into effect in December 2019. Therefore, people who had already withdrawn R$500.00 could make another withdrawal of R$498.00.
Workers who still do not know if they are entitled to receive the immediate withdrawal of the FGTS 2020 need to know the amount of the balance in the account for July 24, 2019.
This query can be made either on the Caixa website or through the mobile app in the FGTS tab.
How does the annual withdrawal work?
Beneficiaries who did not make an immediate withdrawal of their FGTS will be able to receive the balance through the anniversary withdrawal method, which is a withdrawal made once a year, always in the month of the worker's birthday.
The anniversary withdrawal can be made from both active and inactive accounts. This means that the amount of 5% to 50% of the balance plus an additional installment can be withdrawn.
However, those who opt to receive the annual FGTS withdrawal will not be able to withdraw the funds if they are dismissed for cause. In fact, in this case, the amount the worker is entitled to will be limited to the 40% fine.
How to withdraw the FGTS balance in 2020?
In short, FGTS beneficiaries who have a checking or savings account at Caixa Econômica Federal will have the amounts deposited automatically.
If the worker is not a client of the financial institution, they must go to a branch or lottery shop with an identification document and citizen card.
It's worth noting that withdrawals of the 2020 FGTS balance can also be made through the bank's ATMs. Therefore, you only need to have your citizen card and password in hand.
Take advantage and learn everything about how the digital FGTS works. Box, the new way to receive your money, clicking here.
