I applied for a transfer of PF which, after a long process of trying and retrying, was transferred in June 2010. At that time, it was about 1.74L. Recently, I checked my PF balance on the company's outsourced PF vendor site, and it is 2 lakhs less than expected! After a lot of scrambling through my payslips and other records, I concluded that the money is exactly the same as the missing PF transfer and interest (which amounts to 30K, making it 1.74L + 30k = 2.05L).
I am reaching out to my company to investigate this matter. While I may be able to recover the principal amount, if the company erred in not properly handling the transfer, it is unlikely that I will receive the PF interest for this duration, i.e., 30K from EPFO.
What should I do in this case? Is the company obligated to pay the lost interest out of their pocket because they did not deposit the transferred principal in June 2010?
I am reaching out to my company to investigate this matter. While I may be able to recover the principal amount, if the company erred in not properly handling the transfer, it is unlikely that I will receive the PF interest for this duration, i.e., 30K from EPFO.
What should I do in this case? Is the company obligated to pay the lost interest out of their pocket because they did not deposit the transferred principal in June 2010?