Understanding PF Accounts: Can You Transfer and Encash When Changing Jobs in India?

skm
Dear HRs,

I am working in a private company. They have now planned to introduce PF. My questions are: if an employee's PF account is opened, is the account a universal account? Can the same account be used in case you change over to a different company anywhere in India?

PF Account Transferability

My second question is that I was working in a company for about 10 months, and I have not resigned because I had a bond there. However, the PF for the 10 months has not been encashed. What is the procedure to encash the same?

Kindly guide me on these matters.

Regards
anandnamushte
As per my knowledge, the PF number will change when you change companies. You can transfer your PF amount from the previous company to the current company's PF account.
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