PF - Closure

Hi

Just to give an intro, I worked for Company A [5 years] in India. Then I joined Company B [Indian Company] in US-Onsite, almost 1 1/2 year back. So when I left Company A, I had PF account because I was on Indian Payroll. Now I'm in USD payroll - Company - B. Not enrolled in Indian Pay. I was told by HR from Company A whether I can close the PF and get the money. As per them, following are the 2 options.

--> For a Withdrawal, I need to provide a declaration Letter stating that you will not be working in any other company, since as per the PF New rules need to provide
--> 2nd option is Transfer.

Otherwise they won't be able to process. If both the option is not possible, amount will remain in the my account.

As per above,
I cannot go for option A, because I cannot declare I won't join/work for any company.
Also I can't choose Option B, because I'm not in Indian Payroll. No new P/F account to transfer.

How long the PF office will keep the money in my account ?

I would really appreciate, if could someone please let me know if there are any new PF rules about this declaration letter.

Regards
-Bala

As per law for any employee going abroad. Pf settlement is done immediately.

Dear Bala

Just fill up the Form-19 & Form-10C, take the signature of your employer of Company - A ( you already left ), and submit the same to Provident Fund Office.

Regards
Sayed Iqbal
Excel Consultancy Services

Dear Bala,
For the Withdrwal of PF, on form No. 19 you need to give an undertaking that you were not employed in last two month. you should sign and send it to your employer on completion of two month from the date of resignation.

Thanx,
Anil

Dear Bala,
For the Withdrwal of PF, on form No. 19 you need to give an undertaking that you were not employed in last two month. you should sign and send it to your employer on completion of two month from the date of resignation.

Thanx,
Anil

All
Thanks for the replies. Actually I submitted both the Form-19 & Form-10C with 1Re revenue stamp, duly signed, after 2 months I left from Company A and send it to my HR. After HR received the forms, I got the e-mail from HR stating that

--> For a Withdrawal, I need to provide a declaration Letter stating that you will not be working in any other company, since as per the PF New rules need to provide
--> 2nd option is Transfer.

As per below statement,
For the Withdrawal of PF, on form No. 19 you need to give an undertaking that you were not employed in last two month.
-- I left Company A on Friday and joined Company B on Monday, but at Onsite-US. Not in India.

Hence got a doubt about this declaration letter. There is a possibility I can come back to India and work in Company B [Indian based]. In this case, should I keep my PF account open ? If thats the case, I can do the transfer from A->B account.

How long the PF account will be in open status ?

Hope I'm not confusing anybody. i would appreciate for your valuable comments.

Thanks and Regards
-Bala