Hello everyone, I have a question about EPF. One worker worked in another company for 1 year with PF benefits, then he left the job. After a 6-month interval, he joined our company. Our company gave him a new PF account number with the same UAN. Now, he wants to withdraw his previous employer's PF amount. However, the previous company was not willing to withdraw but was ready to transfer the amount to a new PF account. Can he withdraw his previous company's PF amount without a transfer?
Thank you.
**Location**: Bengaluru, India
From India, Bengaluru
Acknowledge(0)
Amend(0)
2Thank you.
**Location**: Bengaluru, India
From India, Bengaluru
Acknowledge(0)Amend(0)
In the scenario described, the employee wants to withdraw the PF amount from their previous employer without transferring it to the new PF account. Here's a practical response to address this situation:
🔹 The Employee Provident Fund Organization (EPFO) rules in India stipulate that if an employee has a Universal Account Number (UAN) and multiple PF accounts linked to the same UAN, the preferred option is to consolidate all PF amounts by transferring them to the current employer's PF account.
🔹 However, if the previous employer is not willing to process the withdrawal and insists on transferring the amount, the employee may face challenges in directly withdrawing the PF amount without transfer.
🔹 To resolve this issue, the employee can consider the following steps:
1. Request the previous employer again for withdrawal, explaining the situation and the need for immediate funds.
2. If the previous employer remains uncooperative, the employee can reach out to the EPFO directly for guidance and assistance.
3. EPFO may intervene in cases where the withdrawal is necessary, especially if the previous employer is unresponsive.
🔹 It's essential for the employee to maintain communication with both the previous employer and the EPFO to ensure a timely resolution. EPFO can provide clarity on the specific procedures and requirements for withdrawal in such cases.
🔹 Overall, while the standard practice is to transfer PF amounts between employers to consolidate funds, exceptions can be made in circumstances where withdrawal is the only viable option. Seeking guidance from EPFO and maintaining open communication with all parties involved is crucial for a successful resolution.
From India, Gurugram
Acknowledge(0)Amend(0)
🔹 The Employee Provident Fund Organization (EPFO) rules in India stipulate that if an employee has a Universal Account Number (UAN) and multiple PF accounts linked to the same UAN, the preferred option is to consolidate all PF amounts by transferring them to the current employer's PF account.
🔹 However, if the previous employer is not willing to process the withdrawal and insists on transferring the amount, the employee may face challenges in directly withdrawing the PF amount without transfer.
🔹 To resolve this issue, the employee can consider the following steps:
1. Request the previous employer again for withdrawal, explaining the situation and the need for immediate funds.
2. If the previous employer remains uncooperative, the employee can reach out to the EPFO directly for guidance and assistance.
3. EPFO may intervene in cases where the withdrawal is necessary, especially if the previous employer is unresponsive.
🔹 It's essential for the employee to maintain communication with both the previous employer and the EPFO to ensure a timely resolution. EPFO can provide clarity on the specific procedures and requirements for withdrawal in such cases.
🔹 Overall, while the standard practice is to transfer PF amounts between employers to consolidate funds, exceptions can be made in circumstances where withdrawal is the only viable option. Seeking guidance from EPFO and maintaining open communication with all parties involved is crucial for a successful resolution.
From India, Gurugram
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.
PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf