Hi All,
I have a concern that I would like to put before the forum for suitable suggestions. An employee who was associated with another company and had resigned from there. Although he was a member of the PF with the company, after resigning, he did not close the account, and hence his PF contribution still lies with the PF Dept. Now, after 8 months of resigning from the company, he joins a new organization. I seek your inputs on whether his earlier PF contribution will be transferred to the new PF account since nothing has been contributed to it in the last 8 months, or if he has to close that account and request the withdrawal of PF funds.
Please suggest for the sake of my knowledge.
Thanks,
Piyush
From India, Varanasi
Acknowledge(0)
Amend(0)
1I have a concern that I would like to put before the forum for suitable suggestions. An employee who was associated with another company and had resigned from there. Although he was a member of the PF with the company, after resigning, he did not close the account, and hence his PF contribution still lies with the PF Dept. Now, after 8 months of resigning from the company, he joins a new organization. I seek your inputs on whether his earlier PF contribution will be transferred to the new PF account since nothing has been contributed to it in the last 8 months, or if he has to close that account and request the withdrawal of PF funds.
Please suggest for the sake of my knowledge.
Thanks,
Piyush
From India, Varanasi
Acknowledge(0)Amend(0)
Hi, The PF amount still lying with PF Dept can be transfered to current PF account or it can be withdrawn also. Both the option are stil open. Regards, Harshad
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
dear legally if u will ask me he should get it transfer the PF amunt but he can also withdraw it also .both options are open. tks js malik
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Piyush,
You have both options open, but I suggest transferring your old account to the new one. The advantage is that you will receive continuous service and be eligible for pension benefits (if you have 10 years of service).
Jishnu V. Nair
Tax & EPF Consultant
Kerala
Email: infomanimangalam@gmail.com
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
You have both options open, but I suggest transferring your old account to the new one. The advantage is that you will receive continuous service and be eligible for pension benefits (if you have 10 years of service).
Jishnu V. Nair
Tax & EPF Consultant
Kerala
Email: infomanimangalam@gmail.com
From India, Thiruvananthapuram
Acknowledge(0)Amend(0)
Thank you very much.
Now, my another concern is that the earlier PF A/c was based in Hyderabad and now the present one will be based in Lucknow. What are all the formalities one needs to do in order to get it transferred to the new A/c? Please suggest.
From India, Varanasi
Acknowledge(0)Amend(0)
Now, my another concern is that the earlier PF A/c was based in Hyderabad and now the present one will be based in Lucknow. What are all the formalities one needs to do in order to get it transferred to the new A/c? Please suggest.
From India, Varanasi
Acknowledge(0)Amend(0)
Please have Form 13 filled out by the employee and then forward it to RPFC, Hyderabad through the current employer so that the accumulations from the old account in Hyderabad can be transferred to the new account in Lucknow.
Regards, Sivadasan
From India, Udaipur
Acknowledge(0)Amend(0)
Regards, Sivadasan
From India, Udaipur
Acknowledge(0)Amend(0)
Since the PF is valued by those currently employed for their future, they should be advised to transfer the PF amount.
Procedure to Transfer the PF Amount:
Step 1: You can collect Form 13 from your HR/Personnel department of your present employer or download the withdrawal form in Form 13 from the [EPFO website](http://www.epfindia.nic.in).
Step 2: You can fill up all the details about your PF account with the previous employer, including the name & address of the previous employer, and sign the form.
Step 3: Hand over the form in triplicate to your present employer's HR department.
---
I have corrected the spelling, grammar, and formatting errors in the text while preserving the original meaning. Let me know if you need further assistance.
From India, Madras
Acknowledge(0)Amend(0)
Procedure to Transfer the PF Amount:
Step 1: You can collect Form 13 from your HR/Personnel department of your present employer or download the withdrawal form in Form 13 from the [EPFO website](http://www.epfindia.nic.in).
Step 2: You can fill up all the details about your PF account with the previous employer, including the name & address of the previous employer, and sign the form.
Step 3: Hand over the form in triplicate to your present employer's HR department.
---
I have corrected the spelling, grammar, and formatting errors in the text while preserving the original meaning. Let me know if you need further assistance.
From India, Madras
Acknowledge(0)Amend(0)
Dear Mr. Malik,
I have been seeing your posts of late and have a query that I would like to request you to answer for me. In case an employee leaves an organization and he did not settle his account, i.e., he did not pay the notice period amount, then in that case, can he get the PF forms cleared from the company? If the company refuses to do so, can the employee take some legal course of action or escalate it to the PF authorities? Also, since the employee has worked there for 16 months, will he get the employer contribution too?
Kindly advise.
Thanks
From India, Faridabad
Acknowledge(0)Amend(0)
I have been seeing your posts of late and have a query that I would like to request you to answer for me. In case an employee leaves an organization and he did not settle his account, i.e., he did not pay the notice period amount, then in that case, can he get the PF forms cleared from the company? If the company refuses to do so, can the employee take some legal course of action or escalate it to the PF authorities? Also, since the employee has worked there for 16 months, will he get the employer contribution too?
Kindly advise.
Thanks
From India, Faridabad
Acknowledge(0)Amend(0)
Would also like to know whether the employee is paid interest even if he doesnt withdraws the PF after leaving the Job, :-?
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Hi Piyush,
I have a concern that I would like to present to the forum for suitable suggestions.
An employee who was associated with another company and had resigned from there. Although he was a member of PF with the company, after resigning, he did not close the account, and hence his PF contribution still lies with the PF Department.
Now, after 8 months of resigning from the company, he joins a new organization. I seek your input on whether his earlier PF contribution will get transferred to the new PF account as nothing has been contributed to it in the last 8 months, or he has to close that account and request the withdrawal of PF funds.
Please suggest for my knowledge.
Thanks,
Piyush
From India, Hyderabad
Acknowledge(0)Amend(0)
I have a concern that I would like to present to the forum for suitable suggestions.
An employee who was associated with another company and had resigned from there. Although he was a member of PF with the company, after resigning, he did not close the account, and hence his PF contribution still lies with the PF Department.
Now, after 8 months of resigning from the company, he joins a new organization. I seek your input on whether his earlier PF contribution will get transferred to the new PF account as nothing has been contributed to it in the last 8 months, or he has to close that account and request the withdrawal of PF funds.
Please suggest for my knowledge.
Thanks,
Piyush
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Steps to transfer PF amount.jpg
13revised (PF TRANSFER).pdf