Pf Related Querry

Dear sir/Madam
I am working with a bank. and about to join a new organisation. I want to know my PF account number and the amount credited to this account.
should i transfer my pf to new organisation or should i withdraw it.
So plz guide me abt:
1) How to get my PF account Number
2)What is the employee care phone number
3)What option should i select
A) Pf withdrawl
B)Pf Transfer

Hi dear...
Here are your answers:
1) PF account number is generally mention in Salary slip. If it is not visible you can get it from your employer only. Either from HR dept or Account Dept
2)Employee care phone number???...i didnt get your question...There is a PRO in every PF office....You can get in touch with them for PF related queries...
3)It would be better if you withdraw your PF amount after 60 days of DOL..For that you have to fill up form no. 10C & 19
4) already answered in (3). fill up the forms and same to be given to your previous employer, if there is a particular person or consultant for PF work. If not then you can send the same directly to PF office by filling up above menetioned forms. which could be downloaded from the website www.epfindia.com
5)For PF transfer you have to fill up form No. 13
Hope your some queries are solved...
Our friends will give some more inputs
Regards,
Chaitali..

Hi
You can get your PF number from the accounts department / Administration department and what is amount credited, you need to ask Accounts department itself.
You can either withdraw or transfer you PF amount to the current company you are joining.
If you are withdrawing the amount it takes about 4 to 5 months to be credited to your account.
PF Office staff don't respond to the queries over the phone. It is better if you can go in person and clarify the same.
Regards
Dilnaz

Hi,
You can get your pf no. either from HR dept. or some organisations put pf no. on the salary slips as well, so check your salary slip.
Once you get your pf no. , you can enquire about the same at PF office at enquiry counter.
Depending upon your financial need you can withdraw or transfer the pf amount.
Its better if you get your withdraw the pf amount, its my opinion, others may have different view!!
Basically to get an idea about the money deposited, you can check how much total amount for x no. of years has been deducted and multiply with 2, will give you approx. figure without the interest rate added to it.
Regards,
Sashmita

Dear Sashmita
pls clarify the point of getting an approx idea of how much amount is accumulated in the pF.can you desribe/clarify the formulae..
thankx
Shilpa

1.PF no. is generally mentioned in the salary Slip, if not then get in touch with your HR Team.

2. Employee Care Phone No is most probably the helpline as we have in telecom etc.

3. Let me tell you pros and cons of both:

A) PF Withdrawal-

You can get your cash handy.

You can apply for it only after 60 days of your Date of Leaving.

It is not permitted as long as you are working in India.But people usually get this withdrawn stating that they have been unemployed for the last 60 days.( you sign such a declaration in the form) which I personally feel is unethical.But this is possible. :oops:

The money gets transfered to your account within 30 days as against a friend who said 5-6 months.

You migh not get the entire 12% contributed by the employer if you had not been contributing towards the account for 5 yrs time. You might loose out on some money. :cry:



B) PF Transfer

It is ethically and legally correct.

Lets say you started working in 2005, In 2007 you withdraw your PF accumulation. Some where in 2011, you need to make some capital investment, and you are not moving jobs. You tried availing loans, but still are in need of some extra money. you thought about an advance against your PF accumulation,

Here it will be denied because your contribution has not been for more than 5 years(2008-2011).Here I assumed that no PF withdrawal happened after 2007 :cry:

I suggest if you donot need the money desperately now, you should not withdraw it, keeping in mind the security in the future. See if you don't need money now, you would spend it on shopping, holidays etc. C'mon save it for your future. Plus they pay good interest too. :wink:

Hope that was useful to you. For further clarifications, pl mail me @ [Login to view]

Regards

Harsh

Dear Shilpa,
Your contribution is 12% of Basic salary which is towards PF.
Employer's contibution of 12 % is divided as
3.67% towrds PF
and 8.33% towards Pension Fund.
So when you want to find out the approx money in PF account
15.67% of basic salary per year+ interest as applicable = PF accumulation for that year
8.33% of basic salary= money in pension fund.
Hope that solved your query.
Best Regards
Harsh :twisted:

thankx Harsh
its amazing....
it shows tat u're perfect in Stat.compilace.
i am handling Stat.compliance can i get in touch wid you for my queris regarding laws.
thankx a ton!
Shilpa

dear Harsh
pls clarify this point" u might not get the entire 12% contributed by the employer if you had not been contributing towards the a/c for 5 yrs.time,You might loose out on some money"
pls clarify this point......
Thankx
Shilpa

Dear Shilpa,
With regard to Pf withdrawl. while withdrawing the Pf amount, if the service in the organsation is less than 6 months then the employee can on the share of 12% of employee and 3.67% of employer share i.e. 12+3.67=15.67%. Balance of 8.33% will not be paid by PF organisation.
Regards,
M Srinivas
9908641146