Hello,
Can We Transfer PF from Govt. EPFO To Any Private PF Trust?
Brief background on this question is - I worked for a company A in Bangalore and that company had my PF accumulated in PF Office, Karnataka.
I quit company A and Joined company B where company B is in Maharashtra. Company B doesn't have PF with govt. but have a PF Trust maintained by some private company.
Now, I filled form for PF Transfer and sent it to company A for transfering that PF amount to current company's PF trust. After 9 months, I see the status of my application to be "Denied/ Rejected", stating the letter has been sent with details for rejection. Of course I didn't receive any letter from them yet though.
I again applied PF Transfer, it was rejected again.
With all this wait time of over 1 year, I now have applied for PF Withdrawal forcibly, which is not recommended though, for any employee working for private companies. And hope it will be processed with no issues this time.
My question is - Can We Transfer PF from EPFO (Govt.) To PF Trust (Private)? Please clarify me on this. I'm assuming an answer to this question to be a 'NO' because my application has been rejected twice. Please share your thoughts on this and correct me if I'm wrong.
Thanks & Best Regards,
BK.
Thitherwards…
Can We Transfer PF from Govt. EPFO To Any Private PF Trust?
Brief background on this question is - I worked for a company A in Bangalore and that company had my PF accumulated in PF Office, Karnataka.
I quit company A and Joined company B where company B is in Maharashtra. Company B doesn't have PF with govt. but have a PF Trust maintained by some private company.
Now, I filled form for PF Transfer and sent it to company A for transfering that PF amount to current company's PF trust. After 9 months, I see the status of my application to be "Denied/ Rejected", stating the letter has been sent with details for rejection. Of course I didn't receive any letter from them yet though.
I again applied PF Transfer, it was rejected again.
With all this wait time of over 1 year, I now have applied for PF Withdrawal forcibly, which is not recommended though, for any employee working for private companies. And hope it will be processed with no issues this time.
My question is - Can We Transfer PF from EPFO (Govt.) To PF Trust (Private)? Please clarify me on this. I'm assuming an answer to this question to be a 'NO' because my application has been rejected twice. Please share your thoughts on this and correct me if I'm wrong.
Thanks & Best Regards,
BK.
Thitherwards…