How Do I Transfer My PF Account to My New Company? Seeking Step-by-Step Guidance

Hi,

Please let me know the procedure for transferring the PF account from the last company to the current company.

Regards,
Kamini Tiwary

Hi,

For the transfer of PF funds, you have to submit Form No. 13 through your present employer to the PF office.

Regards,
Rajendra Bhavsar
09850869517/09926999080

Hi,

You have to fill Form No. 13 with all relevant information and get it signed by your present employer. Submit it to the present RPFC office. As per norms, there is a 30-day time limit, but it will take approximately 2-3 months.

To initiate the transfer of PF funds, you need to submit Form No. 13 through your current employer to the PF office. Additionally, you must also submit form no. 3A from your previous employer, providing details such as your previous PF number, relieving date, and contributions made throughout the year.

Provident Fund Queries

Q1) What is the contribution for Provident Fund both by the employer and employee?
Ans: The employee contributes 12% of his/her basic salary and the same amount is contributed by the employer.

Q2) Is it compulsory for all employees to contribute to the Provident Fund?
Ans: Employees drawing basic salary up to Rs 6500/- have to compulsory contribute to the Provident Fund, and employees drawing above Rs 6501/- have an option to become a member of the Provident Fund.

Q3) Is it beneficial for employees who draw a salary above Rs 6501/- to become a member of the Provident Fund?
Ans: Yes, because Provident Fund contribution by the employer and employee is not a taxable income for Income Tax purposes.

Q4) What if an employee, while joining an establishment, has a basic salary of Rs 4200 and after some period of time, his basic salary increases above Rs 6501/-? Does he have an option to terminate his membership from the Provident Fund Act?
Ans: An employee who, while joining the organization, has a basic salary above Rs 6501/- has an option to either become or avoid becoming a member of the Provident Fund. However, employees whose basic salary while joining the organization is less than Rs 6501/- but increases above Rs 6501/- after some period of time have to compulsorily continue to be a member of the Provident Fund.

Q5) What is the contribution percentage to the Provident Fund and Pension Scheme?
Ans: Employers contribute 12% of the basic salary, totally deposited in the Provident Fund account. Out of the employee's contribution of 12%, 3.67% is contributed to the Provident Fund, and 8.33% is deposited in the Pension scheme.

Q6) Which form has to be filled while becoming a member of the Provident Fund?
Ans: Nomination Form No. 2 has to be filled to become a member of the Provident Fund; the form is available with the HR department.

Q7) Which form has to be filled while transferring Provident Fund deposit?
Ans: You just have to fill Form No. 13 to transfer your P.F amount.

Q8) What is the provision of the scheme in the matter of nomination by a member?
Ans: Each member has to make a nomination to receive the amount standing to his credit in the fund in the event of his death. If he has a family, he has to nominate one or more persons belonging to his family and none other. If he has no family, he can nominate any person or persons of his choice, but if he subsequently acquires a family, such nomination becomes invalid, and he will have to make a fresh nomination of one or more persons belonging to his family. You cannot make your brother your nominee as per the Acts.

(Continued in next message)

Dear Kamini,

Download Form 13 from the internet, fill it out, and submit it along with Form 3A (you need to obtain it from your previous employer for the years served) to your current HR department.

We have to transfer the PF account of an employee who was enrolled with the PF department in Delhi. Now, his PF number is maintained by the Mumbai PF department. When we submitted PF Form 13 to the Mumbai PF office (current PF), the Mumbai PF department refused, saying that this form should be submitted to the Delhi office only. Please advise on what to do in this situation.

Please let me know how to transfer and check the status because I submitted Form 13 a year ago, but now I am not receiving my old company's PF. Can anybody help me? What should I do? Do we need to submit Form 13 with any attached documents?

Thank you.

Please guide on how to transfer the PF from my previous company. I have already initiated the transfer online, but the previous company is not approving it.

Regards,
XYZ