One person joined a private limited group of companies. He worked for 3 years in one plant and then was transferred to another plant within the same group of companies. In the first plant, he had one UAN account number. When he was transferred to the new plant, a new UAN number was generated for him. Currently, only the new UAN is being used for contributions, while the old one has stopped. After 3 months, the employee approached HR regarding the withdrawal of the previous plant's PF amount.
PF Settlement Query
My question is, is it possible to get a PF settlement as per the PF Act? Kindly provide me with the correct guidelines.
From India, Chennai
Acknowledge(0)
Amend(0)
2PF Settlement Query
My question is, is it possible to get a PF settlement as per the PF Act? Kindly provide me with the correct guidelines.
From India, Chennai
Acknowledge(0)Amend(0)
Dear Mr. John C,
May I know when it happened? I think that about three or four months ago, the PF (Provident Fund) made it mandatory to enter the Aadhaar card number while registering new employees. Therefore, there will not be a chance to create a new UAN (Universal Account Number) if your friend joined within the last three to four months.
On the other hand, if your friend joined before that, he cannot withdraw the amount unless the contribution is remitted to a UAN number mapped to the Aadhaar card.
Acknowledge(0)Amend(0)
May I know when it happened? I think that about three or four months ago, the PF (Provident Fund) made it mandatory to enter the Aadhaar card number while registering new employees. Therefore, there will not be a chance to create a new UAN (Universal Account Number) if your friend joined within the last three to four months.
On the other hand, if your friend joined before that, he cannot withdraw the amount unless the contribution is remitted to a UAN number mapped to the Aadhaar card.
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Circular Dated 28-10-2016 for settlement of PF Death Case Claims within 7 days.pdf
Guide Lines for PF Withdrawal.doc