“Withdrawal of deposit – code 60” in the FGTS: what does it mean?

If you went to withdraw your FGTS (Finance Fund) and, upon opening the account, one of two codes appeared: "Deposit withdrawal code 60" or "JAM withdrawal code 60," there's no need to panic. Although they appear in red, which can be a cause for concern, both are Caixa codes.

In this article, we want to show you the real meaning of these two codes that appear on your FGTS (FGTS) and what you should do if they appear on your statement. So, read our article to the end and get all the information you need about the dep COD 60 withdrawal and also the jam COD 60 withdrawal.

What does Withdrawal DEP COD 60 mean?

You can rest assured if you receive the red DEP COD 60 withdrawal in your FGTS account. This code indicates that the anniversary withdrawal deposit was successful.

When Caixa informs this code, it means that the amount will be available for withdrawal from the day after the date informed.

The anniversary withdrawal is a type of withdrawal from the Severance Indemnity Fund (FGTS) in which the worker has the right to withdraw a portion of the balance in his/her FGTS account annually, according to the month of his/her birthday.

When you receive the DEP COD 60 code, don't worry, as no withdrawal has been made from your account. It's simply an indication that the anniversary withdrawal amount was successfully deposited. The amount will be available the day after the date indicated. This date corresponds to the beginning of the withdrawal period for your FGTS balance corresponding to the anniversary withdrawal.

It is important to highlight that the anniversary withdrawal is an alternative option to the termination withdrawal, in which the worker can withdraw the entire balance of his/her FGTS account in case of dismissal without just cause.

In the anniversary withdrawal, the worker receives a portion of the balance annually, according to the month of his or her birthday, while the remaining balance remains in the FGTS account, subject to the rules and conditions established by the government.

Therefore, if you received the DEP COD 60 code, this means that the deposit for your anniversary withdrawal was made successfully and the amount will be available for withdrawal from the day after the date informed.

Is it possible to cancel the DEP COD 60 withdrawal?

It's not possible to cancel a DEP COD 60 withdrawal, as the release and transfer of the funds are already in progress. In other words, the funds have already been transferred to the account you designated for the FGTS.

However, you can cancel future anniversary withdrawals. After withdrawing your money, you must log into the FGTS app and return to the termination withdrawal mode.

It's worth remembering that there's a 25-month grace period before your FGTS (Fund for Severance Indemnity Fund) returns to its previous status. Therefore, after submitting your request, you must wait this period for the anniversary withdrawal to be canceled.

Therefore, while you cannot cancel the DEP COD 60 withdrawal, you can receive the anniversary withdrawal and then suspend the subscription, as long as 2 years have passed since subscription.

What does JAM COD 60 Withdrawal mean?

If you receive a JAM withdrawal code of 60, this code indicates the amount of a withdrawal adjusted by interest and monetary adjustment (JAM). JAM is a mechanism used to adjust the value of deposits or investments based on changes in interest rates and inflation over time.

When you receive the JAM COD 60 code, it means that the withdrawal amount has been updated and corrected taking into account the interest and currency variation from the moment the deposit was made to the current date.

This correction aims to ensure that the withdrawal amount adequately reflects the purchasing power of the money over the period in question.

It's important to emphasize that JAM is a mechanism used in various financial contexts, such as investments, savings accounts, or deposits in financial institutions. JAM aims to protect the value of money against inflation and ensure that deposits or investments do not lose their purchasing power over time.

This way, when you receive the JAM COD 60 code, you can rest assured that the amount of your withdrawal has been adjusted to accurately reflect the appreciation of the currency in the period in question, taking into account interest and monetary restatement.

What does the DEP 60 f withdrawal in red mean?

Another situation that can be alarming when opening your FGTS account is receiving the code "Saque DEP 60 F." But, just like the code without the "F," there's no need to worry. This code is usually accompanied by a date.

This means that you will be able to make your FGTS anniversary withdrawal on the date indicated after the letter F, that is, the code indicates that the deposit is already in progress and that you will be able to withdraw on that date.

Where does the DEP 60 f withdrawal go?

A big question everyone asks is where the money goes when you receive the Withdrawal DEP 60 f code.

After registering for the FGTS anniversary withdrawal, the withdrawal amount will be transferred to the bank account you specified during the process. However, if you're unsure which bank account was selected, you can easily and conveniently check this information through the Guarantee Fund app.

To do this, follow these steps:

• Access the Guarantee Fund application available on your mobile device.
• Find and click on the “My withdrawals” option within the app.
• Then locate the section or option that refers to the bank account.

By selecting this option, you will have access to the bank account information linked to your anniversary withdrawal, including the bank name, branch number, and account number.

By following these simple steps in the Guarantee Fund app, you can securely confirm which bank account was designated to receive the FGTS anniversary withdrawal amount. This ensures you have access to the necessary information and can properly track your withdrawal.

What is the anniversary withdrawal?

The FGTS anniversary withdrawal is a withdrawal option that allows workers to withdraw a portion of the available balance in their Severance Indemnity Fund (FGTS) account annually, based on their birthday. This option was implemented by the Federal Government in 2019 as an alternative to the severance withdrawal, which occurs in situations of unfair dismissal, retirement, serious illness, among others.

By opting for the anniversary withdrawal, the worker waives the right to withdraw the total balance in the event of unfair dismissal, while maintaining other rights related to the FGTS, such as access to resources for the purchase of a home and in specific emergency situations.

The anniversary withdrawal amount is calculated based on a table that establishes percentages of the FGTS balance. The higher the accumulated amount in the FGTS account, the lower the percentage the worker can withdraw. The table is progressive and ranges from 5% to 50% of the balance. Additionally, there is the possibility of receiving an additional amount, called an additional installment, which is established according to the balance value range.

It's important to note that employees must express interest in the anniversary withdrawal to opt for this option. If they don't opt in, the severance withdrawal remains the default option.

Are these codes related to the anniversary withdrawal? What's the connection?

Yes. As we've been showing since the beginning, the codes Saque dep 60 and Saque JAM 60 are directly related to the anniversary withdrawal, as they indicate that the money is available for withdrawal or has been corrected.

Therefore, when you receive this code, you don't need to worry, as it is an indication from Caixa for the operation.

FGTS anniversary withdrawal calendar 2022 and 2023.

It's important to remember that the anniversary withdrawal occurs in the month of your birthday and is available for two additional months. Check out the updated calendar:

• January: Withdrawal period between January and March 31st.
• February: Withdrawal period between February and April 30th.
• March: Withdrawal period between March and May 31st.
• April: Withdrawal period between April and June 30th.
• May: Withdrawal period between May and July 31st.
• June: Withdrawal period starts in June and ends on August 31st.
• July: Withdrawal period until September 30th.
• August: Withdrawal period until October 31st.
• September: Withdrawal period between September and November 30th.
• October: Withdrawal period between October and December 31st.
• November: Withdrawal period between November and January 31st.
• December: Withdrawal period between December and February 28th.

These dates indicate the interval in which workers who opted for the anniversary withdrawal can withdraw the available balance in their FGTS account. It's important to pay attention to the calendar and adhere to the dates corresponding to the month of your birthday to ensure access to FGTS funds at the correct time.

Frequently asked questions

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