Hello, Can we transfer PF amount (Company) to PPF account(Personal) Regards Krishna
From India, Mumbai
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From India, Mumbai
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You have not mentioned the reason for such a transfer. If the reason is mentioned, a proper reply could be given. As far as the rule position is concerned, Para 57 of the EPF Scheme deals with the transfer of EPF amounts. It does not provide for the transfer of EPF amounts to a PPF account.
From India, Madras
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118From India, Madras
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I want to invest and am applying to the PF department for the withdrawal and transfer of PF. It might take a long time, and I'm unsure when we will receive the money. Could you please suggest what to do?
Regards,
Krishna
From India, Mumbai
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Regards,
Krishna
From India, Mumbai
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From your mail, it appears that you are working in the same establishment now from where you want to 'transfer' your EPF assets to PPF. If that is the case, it is not possible under the rules. Transfer is possible only when you leave one establishment and join another.
Secondly, withdrawal from EPF is allowed under certain specific circumstances only. As the name itself indicates, the fund is meant to stand you in good stead in times of providence. It cannot be allowed for making investments. You can withdraw for meeting expenses connected with medical treatment, building a house, etc., not for investing. That is not catered for in the rules.
From India, Madras
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Secondly, withdrawal from EPF is allowed under certain specific circumstances only. As the name itself indicates, the fund is meant to stand you in good stead in times of providence. It cannot be allowed for making investments. You can withdraw for meeting expenses connected with medical treatment, building a house, etc., not for investing. That is not catered for in the rules.
From India, Madras
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Steps to transfer PF amount.jpg
13revised (PF TRANSFER).pdf