Hey folks, need advice on how to handle this scenario. I had two offers last year and eventually chose a company that was suitable for me. Unfortunately, the second company created a PF account which is showing as the present employer because of the latest joining date.
Now the problem lies in this: I want to withdraw my PF amount from previous organizations, and I do have multiple member IDs, all of which have a balance.
So, my dilemma is if I transfer the balance of previous member IDs to the present employer member ID (where I did not join in the first place), do I need employer approval to withdraw the transferred amount? Or is there any snag I might face while transferring and withdrawing? How should I proceed with this? I need to withdraw the PF.
Note, KYC is already approved, and I have connected with AADHAR and PAN.
Now the problem lies in this: I want to withdraw my PF amount from previous organizations, and I do have multiple member IDs, all of which have a balance.
So, my dilemma is if I transfer the balance of previous member IDs to the present employer member ID (where I did not join in the first place), do I need employer approval to withdraw the transferred amount? Or is there any snag I might face while transferring and withdrawing? How should I proceed with this? I need to withdraw the PF.
Note, KYC is already approved, and I have connected with AADHAR and PAN.