Confused About Transferring Your PF Balance and Interest? Let's Discuss Your Options!

Hi, I am having a PF balance at PFRDA deposited by an earlier organization. Now for the last 2 years, I am working with other organizations wherein they have their own trust for PF. When I log in to the PF website, my earlier employer balance shows there, but the current employer is having a trust. In this case, I want to know:

1. How long can I get interest on the earlier employer's PF balance?

2. Can I transfer that balance to the current employer trust?

3. What is the due date of interest credit? If I transfer a balance after 31st March 21, will the outstanding interest be credited to my balance, or will I have to wait until the credit of interest?

Thanks in advance.

Provident Fund (PF) Transfer and Interest Queries - Mumbai Employee

1. You can continue to earn interest on your earlier employers' PF balance as long as the amount remains in your PF account. The interest accrual typically stops once the amount is withdrawn or transferred out of the account.

2. Yes, you can transfer the PF balance from your earlier employer to the current employer's trust. The process of transferring PF balances between employers is known as PF transfer. To initiate the transfer, you need to submit a transfer request through the Unified Member Portal or by filling out the requisite forms provided by the current employer's PF trust.

3. The due date for interest credit on PF balances varies depending on the specific rules and timelines followed by the PF trust of your current employer. If you transfer the balance after 31st March 2021, the treatment of outstanding interest will depend on the policies of the respective PF trusts involved. It is advisable to consult with the PF trust administrators or HR department of your current employer to understand the exact process and timelines for interest credit in such cases.