FAQ Frequently Asked questions on Provident Fund Act

Thanks good information but on more information
Kindly let me know whether employee will get full part of PF amount (Employee/ Employer Contribution) if he resigns after 10 years continues services with the same organization.
Best Regards
Janardhan

Hi,
It is learnt that in PF scheme, there are various loans are available and number of benefits are also available in the scheme. Kindly narrate the procedure for apply for the above loans and what is the eligible period and how much balance service should required to apply for the same i.e for loans.
Kindly forward the details description.
Regards
rns

In my company, both the 12% contribution is beared by the employee and its unlimited PF. One of our employee doen`t want to opt for PF but Management declined his request. Please tel me whether its legal in such case?? Employee must have an option. And after 3 months pf account is not given to me. I am afraid that my money should not go in drain. PLEASE HELP ITS URGENT

Dear PBS,
Can you provide me one detail if one employee has left the organization and he has not withdrwan his pF amount after 1 year - is he eligible for interet rate on his contribution during his service?"

Very useful info ,many of my doubts are cleared now ........thnk u so much for sharing...
Looking for more posts like thsi frm u

Hi
Can a married woman nominate her mother as a nominee in PF if her father is in service pls advice in this issue,
And if any body has not withdrawn the PF from his or her previous two companies then what are the ways to get the amount from both the companies
Cheers
Rashmi

Its really grt to get such precise inputs ..easy for everyone unlike lengthy info whic makes it diffult to understand...Looking forward for more short n easy info..:)

Hey,

My name is Shyamala. I joined in a KPO job in june..and subsequently left that job in 2 weeks owing to personal reasons. I did not submit a formal resignation letter as my employer didn't ask for the same. I just mentioned I'm leaving to the HR orally and he just said he's terminating me from service. I didn't have a bank acct opened during this period & hence, I didn't receive a salary for these 2 weeks either. I've been unemployed ever since.

My query is:

I'm aware that the PF number alloted to someone is permanent - it cant be changed even when you move from 1 company to another. I'd signed in the Employee PF enrollment form during the 1st day there (formal induction procedures). Now what will be it's status? Will the HR cancel it, as I have left their organization? Will this PF number pose a threat to me and reveal my old employer, when I join another company later? I'm a fresher engineering graduate and I'm quite tensed regarding this situation.

I hope someone can resolve my query. Thanks in advance. :)

Best regards,

Shyamala.

Shyamala..
First of all you should have relieved from the company by formally submitting resignation letter. Though your personal reasons would have held up not going to office, you would have mailed either. A HR cannot accept any employee's resignation orally, coz he must be answerable to his boss.
You must be looking for some other job, which reveals clearly from your question. If your personal reasons are over, you might have reapplied to the same company.
Reasons apart, PF number is not permanent. It changes whenever you switch over to another company. You can either close the PF account if you are not employed for the next two months or you can transfer the PF account to the new company you have joined. Having not received salary for your tenure, your PF account would not been activated.
Regs,
Arun