Hello,
I quit my previous company 4 years back. There I applied for PF transfer and they processed the transfer and sent a cheque to my current company at that time. However my current company has misplaced the chq and didnt deposit with the PF comissioner.
When I followed up with previous company(theirs was a pvt trust), they informed that the cheque was issued by them, but the amount was not deducted, since no one depsoted that cheque.
Now I have requested for PF withdrawal (instead of transfer) and my previous company is ready to pay me the same principal amount (same as 4 years back)
Now my question is who will pay my interest amount. My previous company (because amount has acrued interest in their account) or my current company (because they misplaced and didnt deposit cheque).
My previous company argues, that they processed their claim and settled and moved amount from their corporate account, so its not their fault and so will not pay me interest.
Please help me.
I quit my previous company 4 years back. There I applied for PF transfer and they processed the transfer and sent a cheque to my current company at that time. However my current company has misplaced the chq and didnt deposit with the PF comissioner.
When I followed up with previous company(theirs was a pvt trust), they informed that the cheque was issued by them, but the amount was not deducted, since no one depsoted that cheque.
Now I have requested for PF withdrawal (instead of transfer) and my previous company is ready to pay me the same principal amount (same as 4 years back)
Now my question is who will pay my interest amount. My previous company (because amount has acrued interest in their account) or my current company (because they misplaced and didnt deposit cheque).
My previous company argues, that they processed their claim and settled and moved amount from their corporate account, so its not their fault and so will not pay me interest.
Please help me.