My name is Estakee Baretto and I am from Pune and have a bit confusing query for you and hope you will have an answer for it.
I am working in an international BPO in Pune. 9 years back (2004) I was employed by ABC company and after 5 years this company got merged into another company called XYZ. In ABC I had a PF account from Pune circle. Now in XYZ also I am having a PF account from Thane circle. The account from ABC was not transfered to XYZ account nor it was closed. Now the problem is as per the new gazette we will not be receiving the interest for the dormant period on ABC account.
When queired, the hr says that they are in the process of transfering the old PF into the new, which I think is not real. They also say that we cannot encash the account as our employment is not terminated.
Can you please put some light on this issue and make me understand whether we will be getting our interest for the dormant peroiod? We are sure we are going to receive our principle amount of ABC account. Only problem is with the interest.
Your ansswer will be highly appreciated
I am working in an international BPO in Pune. 9 years back (2004) I was employed by ABC company and after 5 years this company got merged into another company called XYZ. In ABC I had a PF account from Pune circle. Now in XYZ also I am having a PF account from Thane circle. The account from ABC was not transfered to XYZ account nor it was closed. Now the problem is as per the new gazette we will not be receiving the interest for the dormant period on ABC account.
When queired, the hr says that they are in the process of transfering the old PF into the new, which I think is not real. They also say that we cannot encash the account as our employment is not terminated.
Can you please put some light on this issue and make me understand whether we will be getting our interest for the dormant peroiod? We are sure we are going to receive our principle amount of ABC account. Only problem is with the interest.
Your ansswer will be highly appreciated