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Do you want to withdraw the FGTS? Check out how to UNLOCK your available balance

Written by Alisson Ficher
Published 14/06/2024 às 20:44
Service Time Guarantee Fund (FGTS), a mandatory savings program in Brazil created to ensure the rights of workers in the event of unfair dismissal. (Image: reproduction)
Service Time Guarantee Fund (FGTS), a mandatory savings program in Brazil created to ensure the rights of workers in the event of unfair dismissal. (Image: reproduction)

O Service Guarantee Fund (FGTS) is a mandatory savings program in Brazil, created to ensure the rights of workers in the event of unfair dismissal.

This fund is funded monthly by the employer, with contributions corresponding to 8% of the employee's salary.

The FGTS can be used in several specific situations, such as when purchasing your own property, for retirement, in cases of serious illnesses, among other needs.

However, many workers face difficulties in accessing this balance, either due to a lack of clear information or due to the bureaucracy of the process.

We will detail how unlocking the FGTS balance works, the necessary documents, the step-by-step procedure and the options for using this resource efficiently. Follow along to discover how you can access your FGTS quickly and simply.

How does unlocking the FGTS balance work?

Unlocking your FGTS balance is a relatively simple process, but it requires attention to detail and specific documentation.

The worker must start the process with Caixa Econômica Federal, presenting the necessary documents and proving the situation that allows the withdrawal.

Common situations that allow withdrawal of FGTS include unfair dismissal, retirement, purchase of your own home, serious illness, disability retirement, termination of the contract by agreement and closure of the company. Depending on the reason, specific documents are required for proof.

Documents required to unlock FGTS

To request the release of the FGTS balance, the worker needs to provide some mandatory documents.

These documents vary depending on the reason for the withdrawal, but generally include:

  • Work and Social Security Portfolio (CTPS);
  • Identity Document (RG or CNH);
  • Individual Taxpayer Registration (CPF);
  • Proof of Residence and specific documents that prove the worker's status.

It is important to highlight that Caixa Econômica Federal may request additional documents depending on the worker's specific situation, and it is recommended to check these requirements before starting the procedure.

How to unlock your FGTS balance

Here is the simplified step-by-step guide to unlocking your FGTS balance:

  1. Identification of the reason for the withdrawal: Determine your situation that allows you to withdraw the FGTS (dismissal, retirement, purchase of your own home, etc.).
  2. Preparation of documentation: Gather all the necessary documents as required by Caixa Econômica Federal to prove your situation.
  3. Access to the Caixa Econômica Federal website: Visit the Caixa website and select the “FGTS” option.
  4. Choice of withdrawal type: Select the withdrawal option corresponding to your situation (dismissal, retirement, etc.).
  5. Filling in the form: Correctly complete all information requested in the online form, including uploading the necessary documents.
  6. Submission of documentation: Send the documents according to the instructions provided on the Caixa website.
  7. Request tracking: Keep an eye on the progress of your request through the Caixa Econômica Federal website or app.
  8. Receiving the withdrawal: After approval, the FGTS amount will be deposited into your nominated bank account.

It is essential to remember that processing deadlines vary depending on demand and the complexity of the documentation presented. Therefore, it is advisable to monitor the progress of your request and contact Caixa if you have any questions.

Balance usage options

In addition to withdrawals in specific situations, the FGTS offers other opportunities for use:

  • Buying your own home: can be used as part of the payment when purchasing a property.
  • Payment of housing financing installments: used to pay off or amortize financing installments.
  • Investment in FGTS Investment Funds: option to leave the balance applied to income.
  • Loan with FGTS guarantee: possibility of obtaining loans with FGTS as collateral.

Each of these options has specific requirements, and it is essential to know the conditions before deciding.

Deadlines for unlocking the benefit

The deadlines for unlocking the FGTS balance vary depending on the situation and the documents presented. In general, the withdrawal can be made immediately after unfair dismissal, at any time after retirement, during the process of buying your own home, among other specific cases.

It is important to be aware that the CEF may request additional documents or additional information, which may affect the unlocking period. Therefore, it is recommended to stay informed about the progress of the request.

Unlocking the FGTS balance is a crucial process for workers, offering access to important resources that can be used in various life circumstances, such as property acquisition and retirement planning.

With the information provided, you are ready to unlock your FGTS effectively. Contact Caixa Econômica Federal to start the process and take advantage of the possibilities offered by your FGTS.

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Alisson Ficher

Journalist graduated since 2017 and working in the field since 2015, with six years of experience in printed magazines and more than 12 thousand online publications. Specialist in topics such as politics, jobs, economics, courses and others. If you have any questions or suggestions for an agenda regarding any of the topics covered on the site, please get in touch.

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