Workers can withdraw R$ 998 until March 31st
The deadline to withdraw the Severance Indemnity Fund, also known as FGTS, ends next week, March 31st.
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Therefore, around 36 million workers are entitled to withdraw R$ 998.00, an amount that refers to the program that began last year.
According to Caixa Econômica Federal, as of the 24th (Tuesday), payments of 28 billion reais from the immediate withdrawal of FGTS were made to approximately 60 million workers.
Caixa customers with an FGTS account have the amount automatically deposited into their checking or savings account.
It is worth noting that the immediate withdrawal of the FGTS does not alter the right to withdraw the entire balance of the account if the worker has been dismissed for just cause or in other cases provided for by law.
Furthermore, the worker who makes this immediate withdrawal is not automatically joining the Anniversary Withdrawal.
Anniversary Withdrawal is different from FGTS
The Anniversary Withdrawal consists of a withdrawal model that allows workers to withdraw part of their FGTS once a year.
Therefore, anyone who chooses this option cannot withdraw the total balance if they have been dismissed for just cause, thus receiving only 40% of the FGTS fine.
For this reason, it is an optional model and to join it you only need to request the anniversary withdrawal.
Who can withdraw until March 31st?
To find out who can withdraw the R$ 998.00 FGTS fund by March 31st, workers must be aware of the amount allocated to their account. See:
- Anyone who had up to R$ 998 in their account on July 24 and has already withdrawn R$ 500 will be able to withdraw an additional R$ 498;
- Anyone who had up to R$ 998 in their account on July 24th and has not yet withdrawn it will be able to withdraw R$ 998;
- Anyone who had more than R$ 998 in their account on July 24 and has already withdrawn R$ 500 will not be entitled to any other amount;
- Anyone who had more than R$ 998 in their account on July 24th and has not yet withdrawn it will be able to withdraw up to R$ 500.
How to withdraw?
Due to the coronavirus pandemic, the recommendation is that the money be withdrawn through Caixa's FGTS app.
Therefore, the withdrawn amount can be transferred to an account in your name without any cost.
