Confused About Provident Fund Transfer After Leaving a Job? Here's What You Can Do

I had worked for a company for 2 months. After leaving that company, when I contacted them for my PF payment, their Accounts Personnel told me that it is advisable to transfer the amount to my new PF Account in order to get the full amount. Otherwise, the PF department won't be interested in refunding me the whole amount.

Under these circumstances, what should I do and what is the procedure?

I think the Accounts Department has given you good advice. You should transfer your PF through Form No. 13. This form will be filled out by your new employer. If you want to withdraw your PF, then you will receive only 15.67% of the PF, but you will not get the 8.33% of the pension plan because a person receives the pension fund only after completing 6 months of service.

Regards, Raj

I think the account person is correct. The process which PF Office follows is: if you have worked in a company for less than six months, then only half the amount of the total PF can be withdrawn. The half amount has to be transferred to the next company under the PF number which you will get there. So, it's advisable to transfer the whole amount to the new company.

Thanks,
Neelam
Email: neelam.dhulia@gmail.com

Clarification on PF Payment Process

Information is given correctly. Normally, the company doesn't provide this; it depends upon your behavior in that company. Is it true?

I think you are now working in another company. If you have PF deductions, please contact the PF consultant in your current company. (Every company has a PF consultant.) Fill out Form 13 and submit it to them.

Regards