Hi All, One of our employees has been transferred to Pune from Bangalore. He has his previous PF number from Karnataka (for the last 5 years). As he has been transferred to Pune, he wants to withdraw his Karnataka PF amount. Can he withdraw the PF amount with another PF number while being in the same company?
Thanks,
Asmita
From India, Pune
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Thanks,
Asmita
From India, Pune
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The PF account can be transferred to concerned RPFC of the State. Withdrawal is not permitted in case of transfer.
From India, Faridabad
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3From India, Faridabad
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The new company he joins at Pune is also covered by teh P.F Act, he cannot with draw P.F and he ahs to transfer it. B.Saikumar Mumbai
From India, Mumbai
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From India, Mumbai
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If the company PF code remains the same, he cannot withdraw his PF, and the same PF number can be continued with the Pune office. If the company has a sub-code for the Bangalore branch, he can withdraw his Bangalore PF by submitting Form 19 & 10C with the Bangalore PF number. His transfer date to Pune can be shown as his date of leaving for the Bangalore PF account. He can withdraw after two months from the date of transfer. He should be assigned a new PF number from the date of joining at the Pune office.
However, it is against the PF Act. The member should not work in any covered establishment for a period of two months from the exit date to withdraw his PF. As you said it is the same company, it would be better to transfer the same to the Pune PF account.
Regards,
K. Saikishore
[Phone Number Removed For Privacy Reasons]
From India
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However, it is against the PF Act. The member should not work in any covered establishment for a period of two months from the exit date to withdraw his PF. As you said it is the same company, it would be better to transfer the same to the Pune PF account.
Regards,
K. Saikishore
[Phone Number Removed For Privacy Reasons]
From India
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If the company has a sub-code for the Bangalore branch, he can withdraw his Bangalore PF by submitting Form 19 & 10C with the Bangalore PF number. His transfer date to Pune can be shown as his date of leaving for the Bangalore PF account. He can withdraw after two months from the date of transfer.
Legal Implications of PF Withdrawal
The advice given by you is totally illegal. When any member is out of employment for at least 2 months or in employment for 2 months and more wherein there is no PF, only such a member is entitled to withdraw the PF.
Withdrawal of PF is made on the basis of a declaration by the member to this effect. If the employer endorses such a fraudulent declaration with knowledge, he is at fault and thereby liable.
From India, Mumbai
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Legal Implications of PF Withdrawal
The advice given by you is totally illegal. When any member is out of employment for at least 2 months or in employment for 2 months and more wherein there is no PF, only such a member is entitled to withdraw the PF.
Withdrawal of PF is made on the basis of a declaration by the member to this effect. If the employer endorses such a fraudulent declaration with knowledge, he is at fault and thereby liable.
From India, Mumbai
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I also said it is against the PF Act, and the member should not work in any covered establishment for a period of 2 months from the exit date to withdraw his PF and suggested transferring the same. Under humanitarian grounds due to any financial need of the employee, the employer may help in the above case. Even though it is against the Act, the fact is that the above suggestion was given by PF Officials.
Regards,
K. Saikishore
From India
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Regards,
K. Saikishore
From India
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