I left my old employer in Oct 2009 and joined a new company after a few days, where I continue to work to date. I had a PF account with my old employer (having its own PF Trust) which has not yet been settled. My new employer has opened my new PF account with the government EPFO in Hyderabad. Now, I want to transfer the balance funds from my old PF account to my new PF account.
Kindly guide me in this matter and oblige.
With Regards
From India, Mumbai
Kindly guide me in this matter and oblige.
With Regards
From India, Mumbai
Please apply to your previous employer using the required form and request them to transfer the amount to the new PF account number and office where it is maintained. This situation involves transferring from an exempted establishment to a non-exempted establishment.
Regards
From India, Mumbai
Regards
From India, Mumbai
Thank you very much, Dear Mr. Bt, for your valuable guidance. You are very right that my previous company is exempted. Would you please tell me what the basic difference is between these two types of establishments? Also, please guide me on the type of form required to apply for this purpose.
Thanks with warm regards
From India, Mumbai
Thanks with warm regards
From India, Mumbai
Exempted and Unexempted Establishments
Exempted establishment: Exempted establishments are those which have been given exemption under Section 17 of the EPF Act 1952. Here, the establishment maintains its own Provident Fund Trust and pays Provident Fund Office inspection charges.
Unexempted establishment: Here, the Provident Fund account is maintained by the government through EPFO.
You are required to fill Form No. 13(R) for the transfer of the account from the previous account to the present account.
Regards
From India, Mumbai
Exempted establishment: Exempted establishments are those which have been given exemption under Section 17 of the EPF Act 1952. Here, the establishment maintains its own Provident Fund Trust and pays Provident Fund Office inspection charges.
Unexempted establishment: Here, the Provident Fund account is maintained by the government through EPFO.
You are required to fill Form No. 13(R) for the transfer of the account from the previous account to the present account.
Regards
From India, Mumbai
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