Dear sir can we claim pf withdraw if we paid contribution only for two month ? Kindly give your valubale suggestion. FROM RAJU SHRINAME
From India, Chicalim
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5From India, Chicalim
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Dear sir, i am a ew guys in the field of hr can u in detail expline me that how can withdraw only the epf share,and what about the rest of money
From India, Thane
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From India, Thane
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Dear Raju,
If you have changed your job after only two months of service in a firm, I would suggest considering transferring your previous EPF account to the new EPF account in the new employment. Continuing the previous EPF in the next employment is always more beneficial as you do not lose many benefits. When an EPF account is closed and the proceeds are withdrawn, one loses EPS contribution, EDLI benefits, and it also increases a lot of administrative work in the EPFO office. Therefore, it is always preferable to continue your old PF account in the next employment. EPF accounts are transferable from one office to another. Until the old account is transferred to the new office, one's subscriptions can be kept temporarily in a suspense account.
Regards,
From India, Pune
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If you have changed your job after only two months of service in a firm, I would suggest considering transferring your previous EPF account to the new EPF account in the new employment. Continuing the previous EPF in the next employment is always more beneficial as you do not lose many benefits. When an EPF account is closed and the proceeds are withdrawn, one loses EPS contribution, EDLI benefits, and it also increases a lot of administrative work in the EPFO office. Therefore, it is always preferable to continue your old PF account in the next employment. EPF accounts are transferable from one office to another. Until the old account is transferred to the new office, one's subscriptions can be kept temporarily in a suspense account.
Regards,
From India, Pune
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PF Withdrawal Eligibility
Can we claim PF withdrawal if we paid contributions for only two months? Kindly give your valuable suggestion.
For the PF claim, we have to submit Form 19 regardless of the contribution. To claim the Pension fund, a minimum of six months' contributions is required. Otherwise, in Form 10C, we should opt for a scheme certificate for the service. This will be helpful in continuous service for the next employment through Form 13(R).
Regards,
Raju
From India, Secunderabad
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Can we claim PF withdrawal if we paid contributions for only two months? Kindly give your valuable suggestion.
For the PF claim, we have to submit Form 19 regardless of the contribution. To claim the Pension fund, a minimum of six months' contributions is required. Otherwise, in Form 10C, we should opt for a scheme certificate for the service. This will be helpful in continuous service for the next employment through Form 13(R).
Regards,
Raju
From India, Secunderabad
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Easy Deposit And Withdrawal Of Contributions In EPF Through Banks.pdf
Steps to transfer PF amount.jpg