https://www.financialexpress.com/mon...-this/1721903/
It is always advised to give proper resignation, get it accepted and join another company after getting relieved from the existing company, even if the new employer insists you to join early.
Mohini (name changed) works in the media industry and after working for about three years in a company, she just hopped her job to another media company without giving proper resignation and without getting relieved from the previous company. As she didn’t leave her job in a proper manner, Monini couldn’t provide all the required information at the time of joining the new company and is now facing a problem with her EPF (Employees Provident Fund) Accounts.
One of the information required at the time of joining a new job was the UAN (Universal Account Number) that the Employees Provident Fund Organisation (EPFO) provides to the members, and without this information, the new company created a new UAN for her, which she is unable to activate as a PAN holder is not allowed to operate more than one UANs.
As she left the job before her resignation got accepted, the employer didn’t put the date of exit from her previous EPF Account. According to rules, unless an employee exits an EPF account, he/she can neither transfer the balance to another EPF account, nor withdraw the full amount.
Moreover, with the contribution stopped, she is no longer a continued member for that EPF account and hence is not eligible of partial withdrawal is no longer a viable option for her.
On contacting the EPFO, the PRO there said, “She has to approach the previous employer to get her date of exit entered in the details of her previous EPF account.”
Good article by Financial express.Employees need to read this
From India, Pune
3131It is always advised to give proper resignation, get it accepted and join another company after getting relieved from the existing company, even if the new employer insists you to join early.
Mohini (name changed) works in the media industry and after working for about three years in a company, she just hopped her job to another media company without giving proper resignation and without getting relieved from the previous company. As she didn’t leave her job in a proper manner, Monini couldn’t provide all the required information at the time of joining the new company and is now facing a problem with her EPF (Employees Provident Fund) Accounts.
One of the information required at the time of joining a new job was the UAN (Universal Account Number) that the Employees Provident Fund Organisation (EPFO) provides to the members, and without this information, the new company created a new UAN for her, which she is unable to activate as a PAN holder is not allowed to operate more than one UANs.
As she left the job before her resignation got accepted, the employer didn’t put the date of exit from her previous EPF Account. According to rules, unless an employee exits an EPF account, he/she can neither transfer the balance to another EPF account, nor withdraw the full amount.
Moreover, with the contribution stopped, she is no longer a continued member for that EPF account and hence is not eligible of partial withdrawal is no longer a viable option for her.
On contacting the EPFO, the PRO there said, “She has to approach the previous employer to get her date of exit entered in the details of her previous EPF account.”
Good article by Financial express.Employees need to read this
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
