Dear HR friends, it has been informed by the PF authorities that there will be no interest for accumulated funds that have not been withdrawn or transferred for the last 3 years, starting from April 2011. Therefore, we can inform our ex-employees to either withdraw the accumulations or have them transferred to their present employer's account, based on good faith.
From India, Madras
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66From India, Madras
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Yes, Sir, please do it. It will be a great community service. Please tell your employees to either get their old PF accounts closed or transferred to the present employer. Also, tell them that transferring would be better than closing, as they will benefit from the continuation of their past service, ultimately affecting their pension claim in the end.
From India, Pune
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From India, Pune
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PROVIDENT FUND.rar
PROVIDENT FUND.doc