In our earlier post Basics of Employee Provident Fund: EPF, EPS, EDLIS we had talked about What is Employee Provident Fund(EPF), How is it Calculated, What is Employee Pension Scheme(EPS), Employees Deposit Linked Insurance Scheme (EDLIS), what are the EPF interest rate, how much would one save in EPF, about the annual statement sent my EPF office and how one can find it out online. This post will focus on how to withdraw, transfer EPF account.
From 10 Feb 2016 retirement age has been changed to 58 years. Our article Changes in EPF Withdrawal Rules from 10 Feb 2016 discusses it in detail.
You can withdraw from EPF while in service. Our article EPF Partial Withdrawal or Advance discusses EPF withdrawal while in service.
Table of Contents
Withdrawal from EPF,EPS
Q: At the time of change of Job what happens to EPF? Can one withdraw the entire amount?
A: Yes, legally it is mandatory to transfer EPF Account at the time of job change. But, people generally don’t do it; instead of transferring, they withdraw the amount.
In case of EPS, if the service period is less than 10 years, you’ve option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. Once, the service period crosses 10 years, the withdrawal option ceases.
Q: Are there in any tax implications, if I withdraw the EPF balance at the time of a Job change?
A: In case you are a member of recognized provident fund it depends on if contribution is over 5 years or not, including transfers from different companies. For ex: an employee who has worked with X company for say 3 years, then he resigned from that organisation and joined Y company, wherein he worked for 2 years, then resigned from there to join establishment for 2 years but during these 7 years of service he has not withdrawn but transferred his Employee provident fund, then we say continuous service of 7 years.
If you withdraw before completing a period of 5 years, then all your previous years income gets recomputed as if the fund was unrecognized from the very beginning (i.e., the tax benefits you received on your own contribution u/s 80C/88 in earlier years will get forfeited) and further the employer contribution and interest received will be added to your current income subject to relief under section 89. In other words Payment received by the individual in respect of the employer’s contribution along with the interest accrual thereon is taxed as “salary”. Interest on the employee’s contribution is taxable as “other income”. Payment received in respect of the employee’s own contribution is exempt from tax (to the extent not claimed as a deduction earlier).
I-T provisions provide that the trustees of a recognised PF or any person authorised by the regulations of the fund to make the payment of the accumulated balance to the employee should deduct tax at source(TDS) while paying the amount. Further, the person liable to deduct tax has to issue the certificate of tax deducted at source (Form 16) within the specified time frame to the employee depicting the details of taxes withheld from the accumulated PF balance and also comply with other salary-related compliance necessities. Ref:Taxguru.in: Withdrawal from Provident Fund (PF) Account before Completion of Five years taxable?(Mar 2012)
So the next time you think of withdrawing your PF, you must as an individual also assess whether the same is taxable or exempt. More such queries are also on onemint:Tax on Provident Fund Withdrawal(Mar 2011) or Taxguru.in: Withdrawal from Provident Fund (PF) Account before Completion of Five years taxable?(Mar 2012)
Tax on Provident Fund withdrawal before 5 years from Jun 2015
- TDS to be deducted by at the rate of 10% from the withdrawn amount.
- TDS will not be deducted if the withdrawal is less than 50,000. (Before Apr 2016 the limit was Rs.30,000).
- Also, if the person gives declaration that he do not have any taxable income by filing Form 15G or Form 15 H, then also no Tax will be deducted.
- In case the PAN is not provided to the Provident Fund authorities than tax will be imposed at the maximum marginal rate which means tax rate applicable to highest slab tax payers, around 35 percent.
- Tax on Provident Fund withdrawal after 5 years of continuous service remains intact and no tax will be levied on the withdrawn amount.
Q. How can you withdraw the EPF?
Employee can withdraw from EPF by filling Form 19(pdf) which is available with the HR department of his ex-employer or can download it from EPFI webpage of download forms. One can withdraw only after a waiting period of two months after resigning. The rules are that an employee should not be in employment for two months after resigning if he has to withdraw his P.F amount. Form is submitted to the regional provident fund Commissioner office after which the employee receives his amount along with interest within a period of 90 days.
Q. Are Withdrawl of EPF and EPS related?(Ref:Citehr:2007)
No Eps and EPF are not linked . You can withdraw the PF once you leave the organization after filling Form 19. In case of EPS, if the service period is less than 10 years, you’ve option to either withdraw your corpus or get it transferred by obtaining a ‘Scheme Certificate’. Once, the service period crosses 10 years, the withdrawal option ceases .For pension, withdarwal benefit, scheme certificate etc. application should be through ex-employer. For pension, Form10D (pdf format) is to be used, Instructions to fill Form 10D. For withdrawal benefit & scheme certificate download Form 10C(pdf format) or one can download it from EPFI webpage of download forms. Instructions to fill Form 10C
Q.Is it possible to commute pension fully or partly under EPS?
A: Commutation of Pension means payment of lump sum amount in lieu of a portion of pension surrendered voluntarily by the pensioner based on a duration of period in relation to the age. Earlier there was a provision under EPS allowing commuting of one third of monthly pension by paying 100 times the original monthly pension. However, the amended scheme w.e.f 26 Sep’ 2008 doesn’t allow it anymore. But if interested in knowing about Commutation of Pension Government of Tamil Nadu Directorate of Pension webpage can be read.
Articles that might be helpful: Hub:How to withdraw your provident fund or PF in India?(2010)
Q: How do I know the status of my withdrawal application?
A: Visit webpage Claim Status on epfindia.com. Select the EPFO Office where your account was maintained and furnish your PF Account number. Document Know Your Claim Status (pdf format) lists the steps in detail with images at each step. Please be aware of the tax implications of withdrawal.
Transfer of EPF account
How to transfer EPF?
Ideally, you should initiate the process of transferring your EPF balance as soon as you join your new organization and are allotted a new PF account number, which is an alphanumeric number. Quoting from earlier post Basics of Employee Provident Fund: EPF, EPS, EDLIS PF format is :
EPFO Office Code/Establishment Code(Max. 7 Digits)/Extension(Max. 3 digits)/Employee Account Number (Max 7 digit)(Earlier it was EPFO Office Code(first two letters ), Employer’s/Company code( 5 digits)/ Employee’s Account Number . In this case you can search the new Code at EPFI Establishment Information Search This is also available on 1st step mentioned above: Member Balance Information Search Your Establishment Code here..)
From Oct 2014 most of employees have been alloted Universal account number or UAN , a 12-digit number by the Employee Provident Fund Organization(EPFO) which gives him control of his EPF account and minimises the role of employer. Earlier one only had a Provident Fund (PF) account number which was associated with the employer. Change of job meant another Provident Fund number. It involved transferring from one account number to another. Our article UAN or Universal Account Number and Registration of UAN explains it in detail.
Transfer of EPF Online
In the EPF books of account, entry is under the name of employer. When ones take up a new job in the interim, he assume a new identity for the EPF office. Earlier A resigned employee who joins another company is left with an option of transferring the his previous PF account to the current PF account, by filling the Form 13(pdf) . Now with UAN number one can link various EPF accounts.
Universal Account Number (UAN) Member Portal (www.uanmembers.epfoservices.in) was launched in September 2014. This portal offers lot of facilities to employees or EPF members. But, EPF Online Transfer Claim is still not available. For time-being you have to submit online EPF Transfer claims through http://epfindia.com/Employee_OTCP.html or Click on Online Transfer Claim link ar EPF website http://memberclaims.epfoservices.in/ . Online Transfer Claim Portal (OTCP), was launched on Oct 2 2013,to ensure timely transfer of EPF account from one employer to another when an employee changes job. Our article Transfer EPF account online : OTCP explains it in detail.
Transfer of EPF Through Form 13
- When an employee joins a new company and he wishes to transfer his previous company provident fund amount, he should inform the HR department or Accounts department of the new company.
- The employer will issue Form 13, in which the member has to fill the details of the previous company like – name, address, provident fund account number and address of the provident fund office where the account was held.
- On Form 13, the signature of the previous employer is not required.
- Once he fills the required details and submits it to the current employer, the current employer will forward it to the provident fund office for the transferring process. The new regional PF office then gets in touch with your previous regional PF office to effect the transfer.
- The time taken for transferring the fund from one account to other account normally takes about 30-40 days from date of submission.
The process is same even if you want to transfer your old PF account in the middle of your new job. epfindia.com Form 13 (pdf format)
What are Problems Faced in withdrawing /transferring EPF/EPS and the remedies when withdrawn using Form 13.
On many occasions, members face problems in withdrawing the provident fund monies. Some of the normal reasons for the problems and the solutions to overcome these are quoted here below:
Mismatch of Signature of the employer: Employer should inform the PF office through a formal letter authorizing the signature of the concerned authority. If the PF officer is still not convinced with this letter, a fresh application has to be submitted again.
Mismatch of Signature of the member :If the signature mismatches or they have changed their signature, they need to inform the provident fund office through their employer. If the PF officer is still not convinced with this letter, a fresh application has to be submitted again.
Mismatch of Provident Fund Account number of the member: If the PF Account number has been mentioned wrongly by the member, then the application will be returned back to the employer. The employee has to correct the details and get it counter-signed by the employer.If the PF Account number has been reported wrongly by the employer in their annual return, then it needs be corrected through a formal letter to the PF department explaining the problem and correcting the same.
Incorrect bank account details furnished by the member: The correct details with regard to account number, name of the bank, branch address, MICR code of the bank (MICR is a 9 digit number printed on the cheque leaf, next to the cheque number) have to be filled in again and re-submission required.
Incorrect address given by member: The correct details have to be filled in again and re-submission required.
Mismatch of date of joining / resignation: If the date of joining / resignation has been mentioned wrongly by the member, then the application will be returned back to the employer. The employee has to correct the details and get it counter-signed by the employer.
Communication from PF department while processing the request would not have reached the employer :The employer / employee needs to check with the PF office and find out the reason for not receiving the communication. If not traceable, then a request has to be made to the PF office for re-sending the communication.
Failure of employer to remit the PF amount recovered from members to PF Account: It is the duty of the employer to remit the PF monies (which are recovered from employees) to the authorised banks for the credit of PF department. It is a statutory violation if the recovered monies are not remitted on time.
If the employee comes to know that the employer has not remitted the PF monies that are recovered from him, then he can lodge a complaint to the PF office against the employer insisting for the recovery.
Member might have changed his / her official name and the same has not been informed to the provident fund office: If the employee has changed his / her name and the same has not been informed to the PF office, then the application will be rejected when the PF office compares the data with the returns being filed by the company. In such a situation, the concerned employee has to request through a formal letter informing about the change in name and also, attach the notification copy of the Gazette publication.
Change in Authorised Signatory of the employer when the application is in process: Sometimes, the authorized signatory would have been changed when the application is in process and it would lead to rejection of the application. In such a situation, the employer has to get the application re-signed by the concerned authorized signatory who is active at the appropriate period of time.
What if EPF is not transferred?(Ref:Livemint May 2010:Employee provident fund is for keeps, don’t withdraw it midway)
The good news is that even if you don’t transfer your previous balance, your previous accounts are live and accessible. You can withdraw or transfer the balance to your current PF account.
However, remembering your employer and your EPF number may not be easy. So, keep all EPF slips. “After a considerable waiting period, EPFO (Employees’ Provident Fund Organisation) will transfer funds to an unclaimed deposit account. Your funds will not earn interest during that period but once you make a claim, the interest due is paid even for the period your fund was sitting in the unclaimed deposit account. But, according to procedure, to withdraw your money is quite cumbersome. A better strategy is to remember to transfer your account at the time of changing jobs.
A must read article Transfer of EPF Provident account Balance by Anup Mukherjee is about getting his wife Madhu’s EPF account transferred(2011) . Some great information
EPF withdrawal or Transfer Issue ?
Jagoinvestor article on RTI for EPF Withdrawl and Transfer issue (Mar 2012) talks about how one can file a RTI(Right to Information) if one is unclear about what your EPF status is or if one’s EPF transfer work has even started? Why did one’s EPF money still not credited in bank account etc etc… You can ask all these questions and you should be getting the 100% right and clear answers within 30 days. The only point here is that you should be doing it the RIGHT way. The three steps to file are:
- Buying a Postal Order of Rs 10 from Post Office
- Drafting your RTI letter
- Sending the RTI letter by Registered Post or Speed Post
The article has details on each of the step, with sample letter ,filing RTI online, filing two RTI applications for Transfer of EPF. Note Before filing the RTI , a good idea would be to file a EPF grievance redressal form online
Should one withdraw or transfer EPF account?
With employer matching one’s contribution and a tax-free guaranteed return of 8.5%,EPS is attractive. If one contribute 12% of his basic plus dearness allowance every month (assuming you are 25 and earn Rs20,000 per month) to your EPF account and your employer matches the sum, by the time you retire, you would be able to save Rs1.38 crore, assuming the interest rate remains at 8.5% and you get a modest hike of 5% a year in your salary. As it is cut from salary before it is credited to our account, it becomes forced savings. We recommend you to transfer EPF account and not withdraw.Let Compounding, eighth wonder of world do it’s magic.
References:EPFO website, TaxGuru.in: FAQ on EPF, TheMoneyQuest: EPS EPF Facts you should know about.
Related Posts:
- Basics of Employee Provident Fund: EPF, EPS, EDLIS
- Understanding Employee Pension Scheme or EPS
- UAN or Universal Account Number and Registration of UAN
- Salary, Net Salary, Gross Salary, Cost to Company: What is the difference
- Transfer EPF account online : OTCP
In this article we have tried to explain the process of withdrawing or transferring Employee Provident Fund(EPF), Employee Pension Scheme(EPS). We hope it was helpful. If there is an error, mistake, some information is missing please let us know. Did you withdraw or transfer your EPF account? Please share your experience, it will benefit others.
Hi – great blog!
Have a question about EPF. I have had EPF for about 14 months now. I recently quit my job and started my own LLP. My questions:
1. As a partner I am not eligible to contribute to EPF. Is this correct and is there any other way?
2. Can I leave the money in my EPF account till I am 58? I am 43 now so about 15 years away. I believe the interest now is taxable (since I am not an employee anymore). But does the principal that was claimed under 80C in FY1920 and FY2021 also become taxable when I withdraw @ 58.
Thanks for your help.
K
1. Yes, you are right. You cannot contribute to the old PF account. For your company, you can open EPF account
2. Interest credited to an Employee Provident Fund (EPF) account after an individual ceases to be in employment is taxable in his hands in the year of credit.
A PF account becomes an inoperative account and does not earn further interest when an employee retires from service after attaining the age of 55 years or migrates abroad permanently or dies and does not apply for withdrawal within 36 months.
Details in our article Inoperative EPF account: What happens to EPF after leaving job, Interest and Tax
Hi sir,
How I withdraw money from my EPF account ,after leaving job I joined a govn job and in the same UAN no. My CPF account added by the govn employer. I want to withdraw my epf balance but when I apply online then current CPF is showing.. previous PF not showing for withdrawal
Check your passbook has your old PF account transferred to CPF account?
Dear Sir,
I need your expert advise for my EPF transfer that is not being processed for more than an year now.
I made 1 paper application and 2 online applications for EPF transfer from my previous employer (say X) to my present employer (say Z).
History – I worked with X with member id A, then joined Y with member id B. A was transferred to B. Later I rejoined X and they kept my member id same i.e. A (which I think was a mistake by my employer X). B was transferred to A.
Until last year I worked with X with all PF from previous companies now in member id A. Last year I joined company Z with member id C. In all 3 applications I made during this past 1 year for transfer of A to C, everytime EPFO rejects saying A has already been transferred to B.
How should I get A transferred to C ? Because the fact is A to B to A has been completed and there is balance in A as seen in my member passbook, but EPFO seems to reject my transfer request everytime.
Request your help in this regard.
Please raise a complaint at EPFO as explained in our article How to register EPF complaint at EPF Grievance website online asking for Annexure K.
Annexure K is a document which regional offices share among themselves and has all the details. You can read about Annexure K here
For more information we need to have following details
What service history does UAN show? – Does it show A/B
Passbook which shows transfers.
You can email details to bemoneyaware@gmail.com
Sir,
You have provided a wealth of information regarding EPF and associated topics. Thank you making our lives so easy.
I worked for 8.5 years from 2004 till 2012 with employer A who maintained EPF trust and EPS with govt. While switching job, I raised a transfer request to my new employer B who maintains both EPF and EPS with govt. but only my EPF has been transferred. My service history doesnt show the 8.5 years with employer A.
A grievance raised with EPFO had response say that no transfer amount was received from previous employer but in this case its between one govt account to another govt account for EPS.
Previous employer also says no request for EPS transfer was received from EPFO.
I have the EPS account number from previous employer (No UAN concept in 2012) and a UAN for my current EPF account.
So how to get this EPS transfer done (service history updated)?
Should a Form 13 be submitted for EPS transfer alone? Should I go through my previous employer?
Please provide your opinion.
Thanks.
Please raise EPF complaint at EPF grievance website asking for Annexure-K.
WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ
You can see Sample Annexure-K in our article What happens to EPS when you transfer your old EPF to new employer
Hope it helps!
Hello,
I am currently unemployed for the past 2 years, and I had submitted an online PF withdrawl claim. It got rejected asking to submit form 15G. Since we cant submit form 15G online and link it with our PF claim, can you please provide details on how should I submit 15G and relate it with my claim. Do I need to make an offline PF claim along with 15G attached? Kindly assist.
You can go for offline route as well as online.
Please reapply for pf withdrawal
Then file a complaint at PF grievance and attach your form 15G.
Also send an email to employeefeedback@epfindia.gov.in with epf claim and Form 15G
If you want to go offline then visit the regional EPFO office with required documents.
Many thanks for the prompt response, will retry the online method as mentioned by you.
Hi
I have Annexure K from previous exempted organization. I had raised grievance with PF office, and i come to know that amount will be reflecting in current PF with due closure. I am in need to make a partial withdraw of PF amount. Can you please let me know the process to withdraw amount in such case.
i worked in chandigarh for 15 months and then i shifted to hyderabad. when i joined in hyderabad i have submitted the form 13. when i checked in EPFO cliam status it is sowing like this.
The below status is showing only when i select my new member id(Hyderbad’s)
Claim Status Details
CLAIM ID ****************
CLAIM RECEIPT DATE 06/06/2018
CLAIM FORM TYPE Form-13 (Transfer In / Same Office)
PARA DETAILS Transfer (Unexempted to Unexempted in other region or to Exempted Establishments)
TOTAL AMOUNT APPROVED N/A
DISPATCH DATE 08/06/2018
CLAIM STATUS Status Not Available
REMARKS NA
May i know when will the funds get credit to my new account and in my passbooks also it is displaying two passbooks.
File EPF Grievance and ask for Annexure K as explained in How to register EPF complaint at EPF Grievance website online
You have shifted within the same organization.
Can you send the snapshot of your passbook to bemoneyaware@gmail.com
I worked in company X on contract basis for 5 years now contract got changed. I wanted to withdraw my pf but they diverted it towards new contract.
I guess they have transferred the old PF account to the new one.
You can check that after logging in to the UAN Website and checking your passbook.
You can send the details at our email id bemoneyaware@gmail.com
Hi Sir,
I have applied for transfer in the year 2016 October.
The transfer request was approved from both the sides.
Now it’s been one year, the amount is not credited.
I have contacted my previous employer and they say they have already credited my amount to RPFC chennai.
I have been raising grievance with EPFO since then for status and they say they will credit the account post verification. I have also, provided the Annexture k copy.
Now i am planning to withdraw my PF account as i cannot wait further because it is alreay too late. Is this possible for me to go for withdrawal. Kindly suggest as i have all my documents ready to post for withdrawal.
Regards,
Vinod kumar
Hi Sir,
I have applied for transfer in the year 2016 October.
The transfer request was approved from both the sides.
Now it’s been one year, the amount is not credited.
I have contacted my previous employer and they say they have already credited my amount to RPFC chennai.
I have been raising grievance with EPFO since then for status and they say they will credit the account post verification. I have also, provided the Annexture k copy.
Now i am planning to withdraw my PF account as i cannot wait further because it is alreay too late. Is this possible for me to go for withdrawal. Kindly suggest as i have all my documents ready to post for withdrawal.
Regards,
Vinod kumar
My Question is can i withdraw my training period pf ? and whats the best way ??
Any PF whether its training period or not is your own money.
How long was the training period?
Do you UAN number which shows that PF was credited to your PF account.
We would recommend transferring the EPF amount and not withdrawing it.
Hi,
I left Company X in 2009 (the PF didnt got transferred to Co. Y), joined Co Y and again joined Company X in 2012. The EPF of Company X (2009) as well for (2012) is still not withdrawn.
Currently I am in Co. Z however I dont want to transfer the PF to my current employer.
Can I transfer the 1st EPF account of Co. X to 2nd EPF account of Co. X and then withdraw the amount from Co. X 2nd EPF account. The total employment period exceed 5 years if I combine the above which will help me save tax. Is it possible to transfer from old employer account to old employer account. The company can sign the forms if this is possible.
Great Blog…
Great Blog…
Hello I left my job from a XYz company in 2012 there I worked since 1998 . And I not withdrawal my epf. Now I want to withdrawal my epf bur company not help me. So how can i get my epf without singnature of compancompany’s ceoplz help me and givve me suggestions
u will get a bank manager sing & stamp on employer sing
I worked in a company for 6 years and joined a new company.
let me know weather I can withdraw the PF amount.
I was working with a company for the period of 2009 to 2014, till it was bankrupted. Now I am unemployed and not working anywhere so I want to withdraw my PF.
My pf office was Delhi south but I am a resident of Assam and my working place was also the same. But after my company was bankrupted there is no authority in Assam as employer to authorise the pf withdrawal form.
Therefore I kindly request you to guide me in the process.
Thanking you.
ABIDUR RAHMAN
Do you have UAN number?
If yes then You must have given the bank account and Adhaar number into UAN database.
The employer should have verified the Adhaar number of the employee.
Download the new form of the EPF withdrawal. This form is separate from the regular Form 19, Form 10C and form 31. The new forms are simplified and contains very few fields.
In these form you need to fill the mobile number, name, UAN, Address, Date of leaving, reason of leaving, and PAN.
To withdraw the EPF amount only, you should fill the ‘ Form 19 UAN ‘.
To withdraw the pension benefit under EPS, you need to fill the form ‘10C UAN‘.
Attach a canceled cheque along with these forms.
Submit the new EPF withdrawal forms and canceled cheque to the regional EPF office.
his is old method of EPF withdrawal without employer’s signature. This method is still valid for those who don’t fulfill the criteria of the above method. In this method, you have to verify your identity. Since, employer do not verify, You have to attest your EPF withdrawal form from other credible authorities. These authorities are –
Manager of a bank.
Any gazetted officer.
Member of the Central Board of Trustees./ committee/ Regional Committee (Employees’ Provident Fund Organization).
Magistrate/ Post/ Sub Post Master/ President of Village Panchayat/ Notary Public
t is advisable to attach evidence, if any, of ‘non-cooperation’ by the employer. This will give weight to your application. Try to correspond in writing with your employer, so that you have some evidence of non-cooperation
Attach an indemnity bond (affidavit) in a 100 rupee stamp paper. Although it is not mandatory according to rules. But you should not take any chance.
Also, attach service proof. Hence, you should attach copies of payslip, ID card, form16 or appointment letter from employer to substantiate your claim.
Also, attach a copy of your identity proof and address proof.
Hi I left my last job on march2014 without notice for some reason. I worked there for just two months. Now I work at a company in my home town and they are starting pf from this month. They want me to fill form 11. Can I fill the form as applying for EPF for the first time? I don’t know my previous pf or uan no and nor do I have any source to get it. Will that work? I am not concerned about the amount on that account. Plz reply
Dear Sir,
Do you want to withdraw EPF without employer signature, because he is not cooperating? Do you want to withdrawdirectly , because previous employer not signing your EPF Withdrawal form. You have not served notice period and your company is not ready to attest your form without paying for notice period? Or even you want to withdrawyour provident fund without resignation. You can’t get employer signature because the company is closed now. There may be many reasons which forces you to withdraw the EPF amount directly. Fortunately, I will make a way to get your money back.
Call me 09937894045 or mail me sbmishra1979@gmail.com
Hi,
I have worked for Company A for 8 years. I have EPFO account there for 8 years. Now I joined company B. In company B there is no PF deductions, So I can’t continue this account. But I want to continue it in future when I will join or change to company C.
I have following queries:
1) Is it possible to join the same account later and get benefits of 10 year complete.
2) How much time gap allowed to continue the same account?
3) How the pension is calculated on PF account?
4) when the pension gets start? Is it start on complete of 10 years or 58 year age?
Thanks!!!
I left my job in company on 2nd dec2016, if am getting job in 2month can I withdraw epf amount I have completed 9year of service
Theoretically you can apply for EPF if you are unemployed for 2 months.
This is not followed strictly.
So you can withdraw from EPF on change of job but we would request you to transfer it to your new job and enjoy the power of compounding.
I have joined new company recently i gave my UAN number to second employer . Now both PF accounts are linked to same UAN number.
In UAN portal my date of joining and exit has not been mentioned by previous employer..wat do I need to update that?
can i withdraw my previous PF amount??If so,please help me out how do I proceed?
Hi,
I have not withdrawn or transferred PF from my 1st company to 2nd company.
Now I have resigned 2nd company and wont be joining any organisation any more.
So how can I get my PF from first company, can i transfer it to 2nd company’s PF account or should I withdraw it?
Hi I left my previous organisation in 2015. But I dont have my date of leaving as I had to leave bcz of death in family and my company proceesd it as absconding. Ao how can I wothdraw my pf without date of leaving as employer refuses to share the dates.
Hi, i worked with a company for 5 years and was alloted a UAN. My PF account of the earlier company is linked to this UAN. Now that i have changed my job, the new employer has alloted me a new PF number which is again linked to my UAN. Is it necessary for me to transfer the PF amount from my first organization to the new one, to be able to earn interest or is it that the PF amount in the old PF number would also earn interest. please advise.
Yes currently the process of transferring the PF though linked to UAN is not automatic. You have do it .
You can read our article Transfer EPF account online : OTCP for more details.
We have a favour to ask. Could you mail us the pictures of SMS received when you transfer. We can add that to our article to help other readers.
Your details will be not be revealed.
Can a company refuse to transfer EPF? if a company refuse or hesitate to transfer EPF, can we file complaint against the company?
Baap ka maal hai kya..EPF..
You do not need employers signature. All you will need is the employers PF Code and your PF No.
If you have UAN you can submit form directly to EPF office.
You can also draft a letter explaining the same and address it to PF commissioner at the local PF office.
HI,
I had submitted my pf withdrawal forms in the pf office.
I dint get any messages or email from the pf office and even there is not status information of my pf in the pf claim status website. Today i got only 34000 credited to my account. I had around 1.5 lakhs in the pf account.
What should be my next course of action.
Thanks
Employee A moved from XYZ India company to the XYZ US company. Now He resigned its
XYZ US company and joined in a new ABC US company. The Employee A initiated the process of withdrawal thru its XYZ India company. Now the PF office is asking the XYZ India company about why PF was not credited for Employee A during the tenure he was workin in USA for XYZ US company. THe XYZ India company gave the explanation that since the employee was working in ZYZ US company outside India the PF is not credited for that period. The PF office is still again not understanding and asking clarification again. Employee A had put the last date of company in the PF form as Last date of XYZ US company. Now what can Employee A do to expedite the pf withdrawal process as it has bee 6 months PF office has again rejected the claim for second time and asking for the clarification of the same thing which is already provided to them.
His last date leaving should be when he left the Indian company. He should reapply with modified last date.
I had worked in a company from July 2010 to Feb 2014 & have not worked since then. I have about 1.2 lakhs as my pf account balance.
Now i want to withdraw my account balance. Which forms do i need to fill? Also will i get my complete 1.2 lakhs back?
Hi
I need to apply for my PF withdraw which is in Chennai, Can anybody let me know how many day it will take to get my amount credited to my account, once i apply for withdraw.
Between 15 days to 2 months..
Hello,
I have worked in a company for almost six years and I will be changing jobs soon. As I understand, the new company will give me a new PF ID attached to my UAN. I will be immediately joining the new company. My question is, can I still withdraw the PF money from the company I will soon be leaving? If yes, please illustrate how. I would very much appreciate a reply.
Hi,
I had a short stay in “B” company (9 months) and had already initiated the PF transfer request (from “A” company) when i had joined the company B.However, on my last day in company “B” (feb 2015), i was told that PF is yet not transferred from company “A” so i decided to withdraw the PF money from company “B”
When i joined new company “C” (present company), i decided to transfer the PF from company “A” only to learn that PF amount was transferred in Feb 2015 to company “B” after i had left and settled the amount
Last month, i again tried to transfer the PF from company “B” to company “C” but it was rejected saying “claim already settled”. I had a word with company “B” payroll and they say that i should raise a grievance for the same
I don’t know what all options i have and how to proceed.Can you please help?
P.S- Company A, B & C are in chronology with comapny C being my current company.
Many thanks
Regards
Ravi
Hello,
If the employee has been settled in US and he is working for US company and he wants to withdraw his EPF amount in India then what would be the process, Please let us know.
I had resigned from an organisation in july 2008 after 10.9 years and i received the pf settlement too. From Aug 2008 onwards i am not working with any organisation in India. Now I want to withdraw the amount from Pension Fund for which me and the employer contributed during my tenure.
Please let me know what is the procedure to take back the money. This organsation managed by trustee.
Please help
I see your site needs some unique articles. Writing manually is
time consuming, but there is tool for this task.
Just search in gooogle for – Avurker’s essential tools
I worked in an organisation for 6 and half years with pf benefits. However I resigned and joined a new organisation which does not have PF benefit. How can I withdraw from the PF account for deposits during earlier appointment
Hello Sir,
My only 1 Question to u . I m not resigne the company. And this time I handling my father business. So I withdrew my PF .
Plz, what will be your good suggestions. details answer send me my this email address….mdimran8767@gmail.com
Thanks
Hello Team,
I went through your comments and suggestion, Its really very helpful. thank you so much for this initiative…
I have also query with my PF withdrawals as mentioned below
I worked with MNC for 6.8 years my last day will be this month end and decided to not continue working for the companies in future.
SO I want to withdrawals my PF full amounts and I do not know the procedure as few of collegues are telling that
1)I wont be getting my Pension part,
2) Do not know which Form I need to fill? Is this Form applies for both as PF , EPF & Pension contribution?
3) If I am not getting pension part now , will I get in future ? and what are the scenarios
THank you very much in advance for your advise on the above.
Regards
PRakash
Hello,
Good post.
Say I left company X on 2010 (acc with EPFO)and joined company Y (acc with company’s own trust). Now on 2012 I joined 3rd company Z (acc with EPFO).
Now I have 2 question ..
1. Could I have transfered my EPFO (of X) to company Y’s trust, any time say mid of 2011?
2. As EPFO acc(of X) stopped, now after joining Z, Can I continue with same EPFO (of X). Or should I open New EPFO acc (at Z) and transfer all from earlier EPFO acc(of X) and trust acc (of Y)?
Thanks!
Hi Sir,
I Srividya Ravinuthala have resigned the job in year 2015 1st October. And would like to withdrawal my PF amount as i have no plan work in future.
Please advise me how to apply and also would like to know the Team who could handle the PF queries in Infosys company.
Regards,
Srividya.
Please also help me if you will get details for same infosys. number is 8552945326
Hello sir an employer has registered my wrong date of birth and fathers name can i withdrawls my pf balance?
if yess then what should be the steps to follow?
Yours is the best site for PF Info.
Using the online form 13 process I have trfd.my PF account from Previous Employer to Present Employer in 3 instances. But in the 3rd instance the PF Employer seems to be a “TRUST” in Chennai though I worked for their office in Mumbai with Bandra RO. So even though my Previous Employer(2nd in chain)attested my form 13 my “Present” as in 3rd Employer has kept this pending till today.
Further Y is my PF ONLINE PASSBOOK still showing only my 1st Employer Deductions/accumulations and not yet including my 2nd Employers’ contributions even though approved?
08 July 2016 Claim Form Submitted .
15 July 2016 Claim Form Approved by Previous Employer .
12 July 2016 Claim Form Approved by Present Employer .
Current Status :Your claim has been settled and credited to new account.
Till today 03-08-16 My so-called ONLINE PASSBOOK DOWNLOAD shows the same figure. Is this becoz the third trf.claim to an “Exempt” Trust in Chennai is pending approval(which I doubt will ever come?)
So all this brouhaha about GOI “ONLINE SERVICES” is all BAKWAS?
I got a message :Current Status :Your claim has been settled and credited to new account.
But I still continue to see my PF Passbook Download with my First Employer’s Contribution Only…
Does it mean I will have to get a new UAN No. using New Employer’ PF No.?
Or is this another “CON JOB” by the Sarkari Naukars in PF OFFICE?
If i withdraw my PF amount, Will i get the interest upto to the month of withdrawing in that financial year. if yes then what would be the rate of interest?
HI i applied for PF withdrawal for self education, i have completed 7 years with the company – joined 2008 July but the PF got rejected and the message is i am not eligible for withdrawal under para 68K
hi sir
I worked for 3 years i.e. june 2010 to july 2013 and then completed my full time MBA for 2 years.During the period I didnt withdraw my PF.Post MBA i joined other organisation where I applied for my PF transfer.And it is still not transfered to my organisation.I have completed 1 year in the current organisation and now I have to relocate to hometown because of personal issue and hence need to leave the current company and join new company in hometown.
So what should I do in such cases as my company 1 PF is in the process of transfer to current organisation and I will be leaving the current organisation to new organisation in 3 months.
So how should I manage it.
Can I withdraw PF while it is being tranfered??
and should I also withdraw PF from the current organisation to avoid future hassles??
Hi
My DOJ in previous employment was 13-09-2010. But I did not receive any PF during the first year. My PF account starts from 13-09-2011 (at the date of my regularization in the company after one year of training period). I am unsure what would be the DOJ for previous PF account: 13-09-2010 or 13-09-2011?
Thanks
DOJ is the date you joined EPF which in your case is 13-09-2011
My issue is that my employer has updated my wrong DOB in the PF records and I have raised them this issue but they are not sure of the time lag that would be required to change this also My name as per PAN is including my middle name (not being my fathers name) whilst in PF records it is just my first name and middle name will the name and DOB make a hindarance to my PF withdrawal. Can you please guide me the steps to be taken to expediate the process. I have also noticed that my entity name for which I had been working is changed and this is not reflected in pf records in the pf passbook.
Kindly let me know how to expediate the process.
Hi,
I worked in an org for 1 yrs and 8 months. After I switched to other org and transferred my pf of previous org.
Now in previous org pf passbook, I see the whole employee and employer amount being withdrawn but pension amount stays as it is. What will happen to this pension amount?
Also in new org pf passbook where in I see the transferred amount. The amount that shows up is less than what was withdrawn from previous org. Could you please tell how is this calculated?
Thanks in advance.
Hi sir,
I had raised an online transfer request to transfer my pf amount from previous organisation to my current organisation. It has been approved by both the employers. It has been completed 5 months i have raised request and status is showing as “Your request in transit between EPFO out and in office”.
Now my concern is pf amount is not yet credited to my current organisation and unfortunately i am leaving my current organisation as well. Will these money trnasfer even if i leave the organisation or will these money be hold somewhere else and lost?
Please reply sir
Thank you in advance
You can raise the issue at the social channels, facebook and twitter of epfo, UAN helpdesk,
Your money would not be lost, but you should not withdraw/transfer from the last employer till this transfer is over
Social channels of EPFO are http://www.facebook.com/socialepfo and http://www.twitter.com/socialepfo
For details on using UAN helpdesk you can read our article Track Inoperative EPF account : Use EPFO online helpdesk
Hi Sir/Mam,
I was working in a IT firm for >7yrs and joined in a new company and working now.
But i need to withdraw my PF amount from my Ex company since am having critical medical treatment which incur huge cost in lakhs .
Is that possible to withdraw the PF amount of Ex company since i didnt transfer that till now and having a different new PF account in my current company?
Also am not interested to transfer the PF amount from EX company to current company and suggest what needs to be done to withdraw?
Hope you get well soon.
Yes you can withdraw from your old company.
You need to submit forms
You can withdraw EPF both the employee and employer contribution by submitting Form 19.
For EPS you need to submit Form 10C.
you can read our article and download forms Forms to avoid TDS,15G, 15H, and EPF Withdrawal Forms Form 19, Form 20,Form 10C,Form 10D,Form 51F
Thanks a lot for the prompt reply and details for forms /links needed.Great Help sirji..
Hi,
I have a same old question about Form 15G, but in my case I have left my job after working for 3.5 years and since then I have been doing my post grad,so no income. Now its been 5 years for my PF account(Started in July 2011)…..so am I exempted from any TDS?
Around 1 lakh in PF account
Thank in advance
Sir 5 years means 5 years of contribution to PF which in your case is still 3.5 years.
You may withdraw the PF and since you don’t have any income it would not be taxable.
But if you are planning to join a new job then you can also wait to transfer it.
Sir how can i get PF if i am not going to join for new job for one year after resigning previous job.
You need to submit forms
You can withdraw EPF both the employee and employer contribution by submitting Form 19.
For EPS you need to submit Form 10C.
you can read our article and download forms Forms to avoid TDS,15G, 15H, and EPF Withdrawal Forms Form 19, Form 20,Form 10C,Form 10D,Form 51F
Hi Dutta,
I have a same old question about Form 15G, but in my case I have left my job after working for 3.5 years and since then I have been doing my post grad,so no income. Now its been 5 years for my PF account(Started in July 2011)…..so am I exempted from any TDS?
Around 1 lakh in PF account
Thank in advance
Sadly no. 5 years means 5 years of contribution to EPF.
As you are not working your taxable income would be less than 2.5 lakh so EPF withdrawal may become tax free.
You would have to see how much is Employer, Employee contribution, Interest earned . Our article Tax on EPF withdrawal discusses it in detail.
When the PF amount is withdrawn before five years of continuous service, it is be taxable in the hands of the individual as if the fund was not recognised from the start of the contributions.Provident Fund would be treated as an Unrecognised Fund from the beginning.
The employer’s contribution and interest, thereon, would be fully taxable as as profits in lieu of salary or ‘salary income’ in the hands of the individual.
The employee’s contribution would be taxable to the extent of deduction claimed under Section 80C, if any, under the Income-tax Act,1961 and
The interest earned on employee’s total contributions would be taxable as ‘income from other sources’ in the hands of the employee.
I am an employee(staff) of State Bank of India, Trichy. I applied for VRS for my personal reasons and it got accepted. My PF account was closed on 21st May 2016 and my outstanding loans were adjusted. The balance amount of Rs.13.0 Lakhs has not yet been credited to my account even after 40 days. I have taken education loan taken in my daughter’s name who has started paying EMI regularly. The branch manager is not clear whether to close this loan or not at the time of retirement and he is holding the balance PF amount which is now in bank’s suspense account.
Can he withhold this PF amount even after 40 days?
please advise me.
Great Blog…
sir i am not doing job now.actually i have two pf accounts. now i am taransfer my last before pf account money to last pf account.is there any chance
How many days we wait for withdraw pf amount when the amount is credited in account.
Withing 7 days to 45 days. You would get regular SMS updates from EPFO.
Hello,
Transfer of EPF from my previous employer to current employer is successfully done and same is reflected under UAN Portal.
For transfer of EPS, I raised concerned with PF Office and got below reply:
“There is no physical transfer of Funds(Pension Contributions) involved under EPS account and only Service Details(Date of Joing and Date of leaving) will be transferred to the present EPS account.”
So just want to know where can I see my Pension Contributions details?
Thanks,
Anshul
Pension details are simple. It’s good to know why UAN passbook does not show is a question.
Pension contribution was Rs 541 before Oct 2014 and Ra 1250 after Oct 2014.
This amount does not earn any interest.
Hence just knowing the Date of Joining and Leaving is sufficent.
If you want to check how much pension you would get, you can read our article How much EPS Pension will you get with EPS Pension Calculator
Dear anshul how long time took for online pf transfer. Kindly can you tell me.
Hi
I need to withdrawal my PF .I worked 4 years 11 months and I need to submit form 15 G .Could You please suggest if point 23 is not applicable for me or applicable?
If point no. 23 on Form 15G is not applicable, you will have to attach a declaration letter addressing it to Regional Provident Fund Commissioner Office, Bandra / Gurgaon that you have no objection in RPFC deducting tax at the rate of 10 % on the PF accumulation.
If you don’t submit Form 15G EPFO will deduct TDS at 10%.
If you submit Form 15G EPFO will not deduct the tax but you it is still taxable.
The withdrawal of the accumulated balance from a recognized PF is taxable if the employee has not rendered continuous services for five years or more to the employer. While computing the continuous service of five years, the period of previous employment is also included, if the accumulated balance maintained with the old employer is transferred to the PF account of the new employer.
We understand that you have rendered service for four years and 11 months.Assuming that this was your first job or you have not transferred the PF balance, if any, from the previous employer, if you withdraw from your PF, it shall be taxable in the year of receipt.
The total of employer’s contribution plus interest thereon will be taxed as salary. Further, the amount of tax benefit claimed under section 80C of the Income-tax Act, 1961, on account of your contribution to the recognized PF shall also be taxed as salary. Also, the interest on your own contribution shall be taxed as “Income from other sources”. The tax rate would depend upon your applicable income slab in each of the financial year(s) during which the PF contributions were made.
Sir,
I have had more than 10 years of service in my earlier establishment (DOJ 1 Nov 2003 and Date of Leaving: 31 Jul 2014)and after resigning from there, joined a new company in Dec 2014 and applied for transfer of my PF account to the new establishment. Now that I have resigned from this company want to withdraw my PF including the transferred amount under PARA 57(1) from my earlier organisation. Date of leaving the last employer is 31 Mar 2016. So in Claim Form 19 & 10 C what is the DOJ and DOL should be mentioned.
Thanks in advance for your kind assistance,
With best regards
P.S. Kumar
Apologies for delay.
Date of Joining and Leaving in Current organisation.
Hi, mine is also same case. I just need your inputs to transfer my PF. Need your advice. Thanks. skaranam@live.in.
Hi Sir,
I worked for one organisation about 4 year 358 days and i quit the job and decided to withdraw my PF and i applied for same and today i received my PF final settlement cheque from previous organisation and I found huge tax was deducted from it.
and i try to check the reasons for same and I came to know that i am not completed 5 year fully ( 7 days less then 5 years).
can i return cheque and ask to transfer my PF to New organisation to avoid TDS.
Was the tax deducted because you had not filled in Form 15G?
Once the account gets settled it is not possible to return the cheque.
Hi
I have worked for 1.5 years in a company and it have been around 10 months since i hv left the job i am pursuing my studies now. So can you tell me which forms do i need to fill ??? I have talked to my employer and he said i need to fill the forms and provide him a cancelled cheque. Can you tell me which forms i need to fill and how much time it will take if the employer proceeds the withdrawal within 3 or 4 days????
Dear All Friends,
Those who are facing problems for their PF amount withdrawal because of employer are not supporting/traceable or pending old amount in anywhere please call me or write me I will help you for your PF withdrawal Process. my mobile no is 9937894045 and mail id is sbmishra1979@gmail.com
Please do so at your own risk. Bemoneyaware is not in anyway related or recommending his services.
Hi Admin,
I have a doubt, if a person resigned to a job and joined immediately(with in 10 days) then still he is eligible to withdraw the PF amount or it is must that person should be un-employed for 3 months? is there any possibility to withdraw?
Hi,
I have changed my job in 2014 and have not withdrawn or transferred my Pf . Please let me know what is the process to withdraw my PF and the tax implication on the same
Hi admin,
I have been working since 11/2008 to at present and my Firm is PVT ltd once,now i am going to switch over to the new company,so my doubt is can i withdraw the total PF amount or shaill transfer the amount?.
Is the retirement scheme is helpful compare to withdraw full amount?.
Can you explain the retirement scheme.
It is a question that you need to answer. Do you need the money now or for retirement.
Theoretically you should be unemployed for 2 months before submitting EPF withdrawal application.
You would get a big lump sump on retirement, if you don’t withdraw.
I have resigned my job, which I did for 2-1/2 years and now planning to go abroad for further studies. I would like to transfer my PF amount to my bank account directly. Anybody please tell me the step by step procedures for that.
Kindly do me the needful.
That is possible if you withdraw from your PF account.
You need to submit Form 13 and Form 10C for withdrawing EPF and EPS to old employer.
Old employer will then submit it to EPFO.
Hello sir,
Actually I have applied for online PF transfer my ex- employer approved it
My current employer approved it too
And when I login to
OTCP with pan card no. The status of my transfer request is as below
Current Status :Your claim has been settled and credited to new account.
And still when I login in UAN it shows my previous pf account no. And when I download passbook it doesn’t shows current employers pf it only shows
Previous pf accounts balance
Please revert when it will reflect both of account ts balance
Or is it like the time taken for the process was approx 2 months fro submission so is it like the claim process got vanished
Pls revert asap
Thanks
Hello Sir,
What is Proof of transfer of EPF account ?
UAN passbook after the transfer would be updated to reflect the transfer details as shown in image in article Transfer EPF account online : OTCP
Hi Mahesh,
Is your problem solved.?
Even I am at the same level.
Current Status :Your claim has been settled and credited to new account.
And still when I login in UAN it shows my previous pf account no. And when I download passbook it doesn’t shows current employers pf it only shows
Previous pf accounts balance
Do you have 2 UAN numbers?
Is your UAN tied to your current employer?
Hello buddy,
Actually I figured that my new employer wrongly updated my birth date wrong in my new account so when he try to check the transfer req. It gets clash with old account birth date and
New employer can not link my new PF account to my UAN
So check those details
And if it is so,
Go to PF office they’ll give you a form which will change
Wrong entries and that will help to link new PF account to
UAN….
Hope you get it done
Best of luck
Thanks Mahesh for sharing information.
How long did it take you to get it updated?
Can you go to any Regional PF office or the office where you have PF account.
Yup sir,
I got it atasted from my
New employer mentioned
The info I need to
Change and went to
Regional pf office
It took 10-15
Days to update
And bingo it is
I have worked only a year for a company. Now i am planning to go for further studies. So there will be a gap of 2 years between my two jobs. Should i withdraw my pf or transfer it after 2 years when i complete my studies and join another company.
Congratulations for future studies.
The choice is yours. If you intend to come back and rejoin in company with EPF then you keep your current EPF account.
When you come back and join you can transfer.
If you need money or want to start afresh you can withdraw EPF.
EPF withdrawal is expected to move online by Aug. (But that has been promised by EPF for quite some time)
Hi……MD & Admin,
I am a visiter or reader on this web site & used to take information on different -2 topics & Visitors are growing day by day to take help on the sensitive topics like pf & esi etc.
I request you to show only correct information , if anyone post wrong information then hide that comments
Thanks
Vivek Kumar
Sir thanks for letting us.
We shall go through the article again but if you can tell us what is missing/incorrect we will appreciate it.
Hi
Wanted your help to resolve my query.
I worked in an organisation from March 2012 to July 2015. Joined another company in July 2015 and am working there even now. Sent a request for transfer of EPF amount from previous account to my new account (both with separate UAN Numbers). The amount accumulated in the previous account was :
Employees Share – Rs 100544
Employer’s Share – Rs 66387
Pension Contribution – Rs 29215
On checking the status of new account after the completion of online transfer process I saw the following added on to the new account
Employees Share – Rs 100544
Employer’s Share – Rs 66387
But the Pension Contribution – Rs 29215 does not reflect in the new account. What is the reason for this?
Please help me out on this.
Regards.
Vinay
We had asked UAN Helpdesk about EPS amount not reflecting in UAN passbook and the response we got the same day after submitting our request was as follows
Dear Member, Your UAN Helpdesk Reference ID 15088888 has been closed with closing Remarks
“WHILE TRANSFERRING PF FROM ONE ESTABLISHMENT TO ANOTHER, THE SERVICE DETAILS INFORMATION (VIZ LENGTH OF SERVICE, NON-CONTRIBUTORY PERIOD, LAST WAGES DRAWN ETC) ARE FURNISHED TO THE RECEIVING PF OFFICE IN ANNEXURE-K WHICH WILL BE USED TO CALCULATE PENSION BENEFITS. AMOUNT IN PENSION FUND IS NOT REQ”
Hi There,
This is one of the best website to know everything about PF.
I have initiated the transfer claim a month ago and it has been approved by both Current and previous employer. Could you please confirm how much time (Approx ) will they take to deposit my existing pf amount to new pf account.?
Your response will be much appreciated.
Thanks for compliment Sir.
Typically it takes with 7-45 days. Depends on how quick the previous employer
You would receive SMS by EPFO.
Thank you so much for your quick response on this.
Follow me on Twitter @arafathrahman
Hi Anand ,
I had a query regarding pf withdrawal and I was hoping you could address it…
I am working since 6 years. And now I will be quitting due to wedding and in future will not be working. I have about 4 lakhs in my epf account (2 lakhs my contribution and 2 lakhs employers contribution). I will be applying after 60 days of unemployment i. e. in mid August. Will I get my full pf amount for my wedding?
Asking this query as I had read it in some news that from Aug 1 there are going to be some restrictions on pf withdrawal…
Congratulations on your wedding
You would be getting your EPF contribution, your Employers’s contribution.
All the changes suggested by Govt have been rolled back.
You can also withdraw your EPS contribution.
As you have been working since 6 years your EPF withdrawal is tax free.Though you might be asked to fill Form 15G (to be on safe side)
Hello,
I have completed 8yrs service by working in 3 different organizations. For the past 2 months I am not working and have decided not to work again.
Now I am planning to withdraw both my EPF & EPS. But my concerns are as below
1. I withdrew my first employer’s Full PF money after leaving the job. I worked from 2007- 2012 and its nt linked to UAN
2. At my 2nd job, PF Account had an incorrect name and it got resolved only recently. so I didnt tranfer the account to my 3rd employer. Can I withdraw the money without transferring it to 3rd employer PF account?
3. In form 10C UAN based, there are 2 fields – service start & end date. Do I need to mention my first job start date and last job end date or its about the last job? If so, since my first company PF account is not linked to UAN, how will they consider/ calculate my total service for EPS calculation?
i have given my UAN number to my old company to transfers the PF amount to my new company. but in the old company PF account the total accumulated amount is showing in the withdraw column, but i haven’t with drawn it from my old company.
please can i know why its showing in the withdraw column.
Can you see the UAN passbook? Can you check your EPF balance? Does it show amount from earlier company?
Recently resigned my company and joined new company. in my new company i am in probationary period for six months.
In probationary they will not consider my PF. once after six months they will start my PF activities.
Currently i am not willing to close my PF account , i want to continue the same account in my present company after six months. suggest me what will happen if transaction not happen for six months to my PF account?
There is no relation of PF and Probation period of an employee.
When I joined as an employee in a new company and was on probation I still got my EPF.
PF is actually a Statutory obligation of the employer (Provided the Factory / company is covered under the PF Act, which I believe is ” any factory or undertaking employing more than 20 employees”)
Not only the employer has to deduct the PF (if applicable), but he has to contribute an equal amount from his own.
If you join as Trainee then you get stipend
Training is different from probation
You engage a fresher and call him as Trainee, it is acceptabale
If you engage a person with 5 years experience and call him as Trainee, it is generally not acceptable.
During training, we give inputs. We do not expect outputs. If you expect Outputs from a Trainee, then it will construed as regular employment
So please verify with your company.
Now coming to your question:
If you don’t contribute to your account, nothing happens. It will continue earning interest which will be credited in Mar end.
When you get PF account from your new employer then please transfer your old PF account .
was working in a outsource company(ABC). On 30.11.2015 main company(XYZ) took me in its payroll.
Left(ABC) – 23.11.2015
Joined(XYZ) – 30.11.2015
I have produced single UAN in both the companies. Now there are two PF account No. against single UAN.
Now I want to withdrawal PF against company(ABC).
Please guide me may i withdrawal or not?
Regards,
Theoretically you should not be able to withdraw as basic condition for withdrawal is that you should be unemployed for 2 months.
As you are still working and contributing to PF you should not be allowed to withdraw.
But EPF department is not that strict practically.
Process of withdrawal from old company is same fill form 10C and Form 19.
But why do you want to withdraw?
If you don’t withdraw you will be able to use compounding. Say you were getting interest on Rs 100 , after withdrawing your amount would come down to Rs 50 say. So interest will be earned on Rs 50 only.
Have you transferred your old account to new?
Hi,
You may not be able to withdraw the complete amount . But if your period of PF Contibution is more than 5 yrs , then you can withdraw certain percentage of amount examples range from your own marriage/ sister etc,
Also for purpose like house construction ,
Contact your employers PF dept / finance dept
for more details.
Thanks,
Zaheer
Forgot to mention this withdrawal is
While employee is in service
Our article EPF Partial Withdrawal or Advance discusses EPF withdrawal while in service for buying house, or marriage in detail.
I have lived my last job and i want to withdrawal my pf and i am not currently working. i want to transfer my pf into my bank account. so,please tell me what is procedure to transfer pf money into my bank account…
Sir,
One of our employee left the job and rejoined our organisation again after 04 months. He had not claimed for settlement. Can I allot him new Member ID or rejoin him in the old Member ID.
Sir,if I allot him new Member ID. He may required to transfer his previous PF amount again or not, even after he his allotted UAN from EPF.
Kindly suggest me in this regards.
Karthik
Hi,
My Previous Employer has submitted the PF withdrawal and sent me the acknowledgment from PF office in mail, submitted March 16th 2016, when I checked in claim status today, it showed no record found,please advice
The process need some more time. Wait for that, u will get a message alert from epf office within 20days.
I was working in a outsource company(ABC). On 31.01.2016 main company(XYZ) took me in its payroll.
Left(ABC) – 31.01.2016
Joined(XYZ) – 01.02.2016
I have produced single UAN in both the companies. Now there are two PF account No. against single UAN.
Now I want to withdrawal PF against company(ABC) online.
Please guide me may i withdrawal or not?
Thanx in advance.
Super article; But this website explains in more details the legal reasons.
This is a good website and I really enjoy it very much. For your readers I have an extremely useful Facebook fanpage. Thanks.
Hi ,
As i am buying an apartment and for the down payment i am planning to withdraw my PF amount . Is that possible . i am Employed for 9 years.Please suggest
You can take non refundable loan for house purchase . Eligibilty depends on no of years served and purpose of loan.
Please get in touch with your employer/ PF office for more details.
Thanks,
Zaheer
Forgot to mention that this loan can be availed while you are in service
I have transferred my PPF acoount from my previous conpany to my current company. For the last 9 months the transfer status in the portal is ” Your request is In Transit between EPFO Out and In Office.” can anyone explain what does it mean and what should be done furthur
i worked in branch office at bhopal in a private ltd company for 24 years and their head office is at indore. In branch office almost 20 person were working but company decided to close down business in branch and they have closed all business activities in bhopal and from employees asked for resignations. Maximum employees tendered the same. I have also been asked to resign but I have not resigned from the services and I requested the management for my 2 months due salary,leave encashment and compensation but they refused to give the same. After 8 months i”ve filed the case for gratuity before ALC, and submitted my PF claim forwarded by ALC to the department before 3 months. At present PF authority are refusing my case verbally and suggested me to give the resignation and for compromise with the employer then they will decide for partial payment of PF. My question is how PF authority can enforce me to compromise And As per new law of PF authority, saying that your all benefits you can get after attaining the age of 58 years. Though I need money because i am unemployed since last 8 months and there’s no source of income. PF authority till to date have not returned my claim form also. Please advice.
Hi Siddhant,
The PF authority persons have no right to say you to give the resignation letter to submit to the company. Anyhow if the company is facing heavy loss for which they are closing the company or by any other problem. But you have all the rights to claim the gratuity as well as full Salary and PF settlement with compensation. Compensation you can ask when the company is informing stopping you to go for the job without any fault from your side.
They have to give your full salary, PF and Gratuity.
If they are not providing then you can go to the labour court and you can able to send a legal notice too if you have all the proofs of your job like appointment letter, salary slip and any other conversation happened with company during your tenure.
Hi,
I have been working in a private MNC for 6years. Now i wish to quit due to pregnancy and have plans to work again after two years. If i opt to close my PF account the how much will i get. Say, employee deposit is 150000 and employer contribution is 100000. How abt the EPS (8.33%). How will i get that money. What should i do to get all my money from PF.
Hi,
I had submitted PF Transfer online 2 days ago(currently in pending status with employer), but now I wish to Cancel this Transfer request and would actually want to Withdraw the PF due to some reasons.
Is this possible? I Yes, please guide through the procedure.
Thanks.
I am not able to check my pf withrawal status. My employer said that my documents are submitted to the PF office on 13th Feb 2016. Please can you help me with this. My pf number is TN/30027/36526
Can anyone reply to this??
Raise epf grievance request online to know status of your transfer request
I left my previous organization and withdrawn all the money from there. Now in my new organisation, whether i have to apply for new pf account or I can use my previous pf account. also what is the procedure in both the cases.
Maam you would get a new PF account because your Employer has changed. If you have UAN then UAN will not change. As explained in detail in our article FAQ on UAN number and Change of Job
Employer submits the EPF(Employee Provident Fund) money to the EPFO (Employee Provident Fund Office) on behalf of the employee. This includes both the employee contribution, employer contribution, Employee Pension scheme. Member Id or Member Identification Numbers is the number given by EPFO to allow the employer to submit EPF money of employee. It’s like Employer opens an EPF account for its employee and contributes to that account every month. Member ID is the account number of employee in the EPFO. When the employee changes the job then the new employer will open a new account number for it’s employee in EPFO. So a new Member ID will be allotted to employee. Member ID is same as PF number earlier. So you would have as many Member ID’s as the number of employers contributing on your behalf to EPFO.
Member ID or PF Account Number is in the format given below. PF Account Number may not have Extension code. Ex: For someone who works in Bangalore the code can be BG/BNG/012345//789.
EPFO Office Code/Establishment Code(Max. 7 Digits)/Extension(Max. 3 digits)/Account Number (Max 7 digit)
An employee will have one UAN or Universal Account number, which as the name implies will remain the same. It will maintain all your Member Ids. Its like you can have multiple Saving Bank account but all these are tied to your one Permanent Account Number or PAN. So when you change your job and the new employer, if contributing to EPF, gives you a new Member ID. This new Member ID has to be linked to your UAN number.
If the employee does not have a UAN number, probably because it’s his first job or he was working before Jan 2014 when UAN number process started. Then employer will request the EPFO to generate the UAN number for its employee along with Member ID.
For an employee who already has a UAN number the employer will submit the request to EPFO to generate new Member ID for the employee and link it to the UAN number of the employee by filling Form 11.
Hi,
What is the best procedure to transfer the old EPF fund into New EPF account?
How complicated is the transfer of my old account fund into new account?
For the old account my UAN number is already generated. Where my new employer has open the new account and the my EPF fund is started depositing in new account.
Thank you
It is easy and typically gets done within a week. You also get regular updates during the EPF transfer.
Our article Transfer EPF account online : OTCP explains how to transfer EPF account online. Excerpt from it is given below.
Coming to second part of question:
As discussed in our article FAQ on UAN number and Change of Job
UAN is Universal Account Number. The UAN is a 12-digit number allotted to employee who is contributing to EPF.The universal account number remains same through the lifetime of an employee. It does not change with the change in jobs.
Employer submits the EPF(Employee Provident Fund) money to the EPFO (Employee Provident Fund Office) on behalf of the employee. This includes both the employee contribution, employer contribution, Employee Pension scheme. Member Id or Member Identification Numbers is the number given by EPFO to allow the employer to submit EPF money of employee. It’s like Employer opens an EPF account for its employee and contributes to that account every month. Member ID is the account number of employee in the EPFO. When the employee changes the job then the new employer will open a new account number for it’s employee in EPFO. So a new Member ID will be allotted to employee. Member ID is same as PF number earlier. So you would have as many Member ID’s as the number of employers contributing on your behalf to EPFO.
An employee will have one UAN or Universal Account number, which as the name implies will remain the same. It will maintain all your Member Ids. Its like you can have multiple Saving Bank account but all these are tied to your one Permanent Account Number or PAN. So when you change your job and the new employer, if contributing to EPF, gives you a new Member ID. This new Member ID has to be linked to your UAN number.
Process for filing transfer request online
Check Eligibility for filing Online Transfer Claim : Your previous employer and present employer are available on EPFO database. The employer must register for the digital signature process of EPFO.
You must be a registered member of the EPFO portal. If not register by following steps in document PROCESS FLOW FOR REGISTRATION ON MEMBER PORTAL (pdf)
Login to OTCP website at memberclaims.epfoservices.in . The log-in details are same as are used in Member Portal by selecting Document type, entering Document No. and Mobile No.
After logging in, in the Menu Bar select Claim and select Request for Transfer of Account
Fill in details in Part A, Personal Information such as Name,email id, your bank account
Hi Sir,
I applied for PF withdrawal in my previous company and submitted the cancelled cheque, just want to know,PF amount will credit in my account or they will send me the cheque address mention in form.
Thank you and Regards,
Rakesh Samaddar
They will credit the money directly to your account. At times there are 2 deposits one for EPF and one for EPS.
We would appreciate if you could let us know how long it took for you to get the money and was it credited directly into your account or not?
I have worked for 2years 10 months in company A and then for 3years and 8 months in company B. However, I have not transferred my PF account of company A to company B. Now I have a joined a new company C (from last 1 year 3 months, which have a new UAN number) and want to transfer PF accounts of company A and B. After transfer of all the PF accounts to a single account would it be considered a continuous services of 7years and 9 months. Also would I be able to withdraw my PF money for the purpose of buying a flat without paying any kind of Income tax.
Thanks,
Abhijeet
My previous employer is not approving my online EPF claim Transfer since 2 months. Previous Employer is not responding to my calls and E-mails. Please suggest what to do?
If you have UAN then you can approach the EPFO directly and use UAN EPF forms for withdrawal. It is explained in our article New EPF Forms for those with UAN for submission without Employer’s attestation
Else you can still approach EPFO. Let us know if you don’t have UAN and we can update you on how to proceed.
I have UAN and it is already activated and I am currently working in other organization. Please suggest how to transfer EPF online transfer claim as it is pending at previous employer for approval since 2 months.
Hi,
i have worked in a company for 9 years and recently joined in new company. But my previous company has not provided any UAN and now I have got new PF A/C from new company.
I would like to close my P/F account of old company.
Can I close my old PF A/C without UAN? and ask the new employer to provide UAN to link with new PF A/C?
You can transfer your old PF account to new UAN. This would help to track number of years you have contributed for EPS and compounding too.
Yes you can close your old PF account without UAN.
Your new company will provide you UAN too. Please clarify with them.
You can go through our article UAN or Universal Account Number and Registration of UAN and FAQ on UAN number and Change of Job for more information
Hi Sir,
I was employed with a company & covered under pf in 2010. I left organization in 2012. My name registered with company & PF office was krishna kumar singh that time. But due to some changes in documents it has changed to “Krishna Kumar”. I am working with another company now & registered as krishna kumar in pf office & bank’s.
Please suggest me how to withdraw my pf from previous employer.
Thanks in advance.
You have two options:
1. Withdraw from earlier employer and as contribution is less than 5 years pay tax on it. Theoretically one can only withdraw if one is not employed for 2 months but EPFO does not follow the rule most of times.
2. You transfer the old account to new company now. But then old employer has to correct the name.
Easier would be to submit EPF withdrawal papers to old organization and give cheque leaf.
You can draft a letter and submit it through your old employer stating the employee in the bank account and PF are the same.
If it doesn’t work then you should make an an affidavit mentioning both the names and stating that both the person are some of one identity.
Format of letter
The Assistant Provident Fund Commissioner.
Employees’ Provident Fund Organization.
Subject:Difference in name in EPFO records and bank account
PF NO:
With reference to the above subject the name is wrongly spelt as —– instead of —- in the bank account so kindly look into the matter and clear it at earliest
Thanking you,
For ……………Ltd
Authorized Signatory
My problem is — My pf number as per govt record is 156 and my previous employer has been depositing my pf contribution to other account number 157( as per govt records 157 belongs to my colleague who had left the company in the march 2015) and i resigned last month, i wanted to transfer my PF account to my current employer but now i got know to this problem..please suggest me what can i do to get my amount to my account number i.e 156 from 157.
Such a goof up by your employer. Sad to hear it.
Did you try speaking to your earlier employer?
I have UAN & I have resigned from my previous employer on July 2015.After six month gap, I got a new employment. Can I transfer my previous PF account to my current account through new employer? (3years worked with previous employer)
That’s the way it should be done. Please give your UAN number to new employer. Actually you will be asked to fill Form 11 which will ask for UAN number.
Once your new employer PF account is linked to UAN you can transfer your old PF account. Our article FAQ on UAN number and Change of Job talks about it detail.
Shall I withdraw 90 % of my PF accumulatiions when I complete the age of 57 as I am going to retire at 58 ?
Why would you do so?
Good information to know and right to the point. Thanks for this well written post, i’ll follow up for more updates if you keep posting them
Employment News in India
Hi,
I have applied for Mother opration as I have complted 8 years in company, i have fullfilled every formalities and send all the releveant document by speed post, after few month whin i have check my status in KNOW MY STATUS it showed as declined, ans reson has been posted in letter,
I have not received any letter sice 1.5 month, So i have lodge a greivance they replied me stating I have incorrect filled form 31 part c, i have verifed the same with my employer they said all is correct please raise again greviance for brief…
i have again raised the grivance but no reply till yet….
My query is that all the relevant document and letter is with PF office, how do i resubmit form 31 …. pleae help me
Any update on this ..?
Hi,
I want to WITHDRAW my 8 Years PF amount as I am unemployed from 2 months.
If I raise withdraw request, then will I get 100% of PF amount OR only 75% now and 25% later after 58 year???
News as on July 2015: Government plans to cap premature withdrawal of PF money at 75% of total amount
Is the above rule is in implementation??
On withdraw request, Now will we get 100% of PF amount or only 75%???
Thanks
Hussain
Chennai
You will get full amount on Withdrawal. Currently there is no Cap on premature withdrawal. This is what Govt intends to do but it hasn’t been implemented yet.
Sir,
Our company maintained PF in trust since inception (2006-2011 June). From July 2011 the amount was transferred to EPFO and thereafter It got deposited with EPFO only.
I have completed 9 yrs service in the same company and still continuing. Now I want to withdraw amount from EPFO for purchasing of house (based on the rule that I have completed 5 yrs of continued service). When enquired in EPFO by personally visiting the officer, he said I can apply as I have completed 5 yrs.
But my company HR gave an info that we can withdraw only after 5 yrs of completion from the month of transfer to the EPFO , i.e – from July 2011 – July 2016.
The EPFO officer who is so much experienced also didn’t say about this when we told him that it was earlier under trust and now with EPFO
Is this true? Pls guide with the facts.
U can drop your reply to my email pkbalaji@gmail.com
Thanks in advance
Can we transfer PF account amount from private sector to PSU on changing the job?
Hello,
I left my last job and am unemployed since 2014.before that was employed in a different organization for 2 yrs. Can i transfer my earlier PF fund to the company I left to the one i was working in 2014 even after leaving that job? I can withdraw without transferring but the employer states that a 30% tax is applicable on that. Please guide.
My PF NO IS MPIND00197300000000015,which is above 5 years old,i want to transfer new pf no ,which is DSSHD09410850000000209,than how can i transfer in new account ,send the procedure in my mobile no- 9851874842.or email me -Ramsubodh_zoom@rediffmail.com.
Hi,
My previous employer had submitted the wrong Date of exit. Post that i contacted my previous employer through which i submitted the form for correction.Already 2 months have passed since the employer submitted the form to PF office but the same change has not been made.I have a UAN number since beginning
What can be done as next steps?is there a communication for PF office Bangalore for taking up this issue.
Thanks.
Find PF office from http://search.epfoservices.in/est_search.php and then get address of PF office from
http://www.epfbng.kar.nic.in/contactus.html
Hello sar, pless canform may pf acc.nambar pbchd00302720000000540.trasfar pemnt may old acc.piess cnfarm pement.
Hi…
I worked for a company for 5 months in 2012 and cover under EPF. In Janauary 2013 company permanantly closed and I have not withdraw the epf till now. what is the procedure to withdraw the epf or transfer.
plz help me…
Here are 3 steps you need to do to successfully withdraw your EPF without previous employer signatures.
Step 1: First download and fill up Form 19 (for EPF withdrawal) and Form 10C (for EPS Withdrawal)
Step 2 Get it attested by any one of the following
Manager of a bank (PSU preferred)
By any gazetted officer.
Magistrate / Post / Sub Post Master / Notary
Step 3
Write down a letter addressing the regional PF commissioner, stating the reason why you have to get it attested and how you are facing issues with your employer. In case you have any proof of unsupportive behaviour from your employer, better attach it. (This step is optional, and not mandatory).
Also attach service proof. . Hence, you should attach copies of payslip, ID card, from a 16 or appointment letter from employer to substantiate.
Step 4
If you are unemployed, you will have to make an affidavit that proves that you are unemployed. Download this Affidavit Sample and get it printed on a Rs. 100 stamp paper with a notary or any gazetted officer signature on it . This is required because you need to be unemployed if you want to withdraw your EPF . If you are employed, you can transfer your EPF to your new employer.
Step 5
Send these forms to your regional EPF office and wait for next few months for some kind of action.
Step 6
Once your application is processed, the EPF withdrawal request will be honoured and you will be paid. If you still don’t see any action or response, then its time to File an RTI application to EPF Department for finding out the exact Status.
I have worked in company A(first company) for 4.5 years and I am switching my job. Say my PF amount accumulated is 3 lacs.
1.Pl let me know how much would I have to pay as tax if I am withdrawing the PF.
2. when we say EPF account and EPF balance, does that include the Employer contribution also.
3. What happens to the Employer contribution to the PF in case of withdrawal and transfer?
Theoretically as you are switching job you cannot withdraw from EPF. To withdraw from EPF one should be unemployed for 2 months.
As you have contributed for less than 5 years to your EPF account hence your EPF withdrawal is taxable.
The employer’s contribution and interest, thereon, would be fully taxable as as profits in lieu of salary or ‘salary income’ in the hands of the individual.
The employee’s contribution would be taxable to the extent of deduction claimed under Section 80C, if any, under the Income-tax Act,1961 and
The interest earned on employee’s total contributions would be taxable as ‘income from other sources’ in the hands of the employee.
While filing your ITR you should mentioned TDS and You have to see if you owe more tax or not.
2. Yes transfer includes EPF account and EPS employer contribution also.
3. Incase of transfer everything your , your Employer contribution gets transferred.
We would recommend you to transfer your EPF account – why pay tax and also why miss out on compounding?
Sir when I first fill up epf opening from so this time EPs position signature mistakely doing a employer position but epf office accepted my from but if my signatures is not recorded to epf office so I face the problem so this problem how to solve
Sir,
I have been working in a PSU for 15 months. Now, I have got another job in Railways, where the employees are covered under NPS. What will happen to my existing EPF account and balance amount? Is it possible to transfer? Please help.
If I try to open EPF account second time can it possible ?
Hi,
I have applied for PF. I have also filed EPS form 10c. I have heard that the minimum wages is 15000 from Sep’14. But my basic was 3750 when I left the organisation. So will my EPS calculated as 15000*2.05 or 3750*2.05???
Please reply.
The rule from 1 Seo 2014 is that if a new employee has basic above Rs 15,000 he will not be contributing to EPS.
This does not affect existing employee.
EPS calculation is 8.33% of employer contribution.
If you have UAN then you can check your UAN passbook to know exact EPS amount deducted
I have submitted form 13 online to transfer the pf amount and got approved from previos organisation, what is the next step, i was trying to check my last account balance, it showing inoperative account, plz suggest. I left the previos org. 7 yrs ago.
Your account in inoperative because there has been no contribution to it for last 7 years. But for 3 years it would have earned interest.
Once you have applied for transfer and it has been approved wait for money to be transferred to your account. Usually EPF is settling the account within a month.
新竹餐廳雅米餐廳還有包廂提供歡唱給一群朋友聚會邊唱邊喝邊吃非常盡興。
新竹餐廳到這裡用餐，我常點小籠包、蝦仁蛋炒飯、抄手、烤麩、苦瓜、炒青菜和酒釀湯圓，每次入口的味道都很令人滿意。。
Hello,
I worked for an organization two and half years and i have applied for PF withdraw. My current PF settlement status showing as
Claim ID : XXXXXXXXX
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (XXXXXX) has been settled. Payment sent through NEFT.
Claim ID : XXXXXXXX
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (XXXXXX) has been settled. Payment sent through NEFT.
* * Data available since last six months. * *
* * KRPURAMWHITEFIELD data availaible from 22-04-2015. Last updated on 21-10-2015 at 12:52 pm * *
* * Approval Details on PPO and Scheme Certificates will be made available soon.. * *
I got this update is on 21st evng 5:30 PM and today 23rd as of now money not transferred yet. Could please suggest.
Thanks in adv,
-Siva
I have a UAN and have 6.5 years of service across 3 organizations (transferred PF and EPS from first to third). I will be changing my job again in December 2015 and want to withdraw my PF and EPS.
1. Is there a way to ensure withdrawal (new organisation has a PF trust and current is with EPFO)? I am asking this as comments suggest that now EPFO can track using UAN and is rejecting transfer in case of immediate joining)
2. If I am able to withdraw and EPFO tracks at a later date what are the implications? (At various places I have read that it’s illegal to withdraw if you are not unemployed for 60 days but I could not find the exact rule i.e. If it’s tracked what is the fine?)
Good questions but sadly we don’t know. We haven’t come across what happens if one withdraws from EPF though one is employed.
Technically if you are employed you should transfer EPF not withdraw. The only way we can think of is not submitting your UAN number to new employer. The new employer will then request for a new UAN. But there are KYC and soon even this will be reported by EPFO as error.
We would recommend you to transfer the EPF for it’s for retirement purposes!
I have been working in a PSU for 15 months. Now, I have got another job in Railways, where the employees are covered under NPS. What will happen to my existing EPF account and balance amount? Is it possible to transfer? Please help.
My Question: I was working for a MNC for 4.8 years and switched to another company. While joining my second company, I opted to transfer my PF account. I joined my second company on June 2014. I have been told by my second company on June 16th 2015, that the “PF transfer has been received to my second company PF office and the transfer is under process. That means the amount will be transferred into my PF account.” I resigned my job and trying to get my settlement back for 3 months now. I resigned on July and now my second company paid only for 1 year, I stayed with them. Is that how it works? Won’t I suppose to get all my PF amounts? What is the use of transferring my PF amount from one company to other if I am not getting my total amount? Can you help me understand, what should I have to do to get my first company PF amount?
I was working in a company A from July 2011 to Feb 2014 and now working with company B from Feb 2014 to till date. Now I have 50 months of work experience. When can I withdraw the PF amount from company A now or after completing my 60 months of work experience? And I have two UAN accounts created in both the organizations. Will it impact in anyway.
I have a question. After exiting from my previous company from where is the PF amount credited ? I know about the employee and employer share. My question is from which medium PF amount is credited exactly ? Will government credit the amount into my account or my office ??
Govt will credit both the employee and employer share which is yours into your saving bank account that you provide with your withdrawal application.
Hi…
I left my company A in 2010, company B in 2011 and company C in 2012… I have not withdrawn PF from any of these accounts. Please let me know if I can still withdraw the amount and what shud I keep in mind.
Yes you can still withdraw from all these companies. It’s your money after all.
Are you still working? DO you have UAN number?
Typically one can withdraw only when one is unemployed for 2 months. Recommendation is to to transfer the account.
If total amount of service in A +B+C is less than 5 years then you have to pay tax on EPF withdrawal.
if the total service is less than 5 years, what is the % of tax that I have to pay on the EPF amount. and is the tax applicable for the complete amount of EPF accumulated or just the EPF accumulated for the last year.
I worked for ‘X’ company for 3.5 yrs from 0ct-2009 to Mar-2013 and I Had transferred only my EPF to my the new employer ‘Y’ but I had withdrawn my EPS. Now after working in ‘Y’ company from Apr-2013 till Sep-2015 for 2.5 yrs, I am joining in new company ‘Z’.
Can i withdraw only my EPS and transfer EPF from Y to Z?
(As i did in earlier case while switching from X to y,since my total exp till date (X+Y=3.5+2.5=6yrs) is less then 10 yrs )
Now when you transfer EPF from Y to Z EPS is also getting transferred.
We are not sure if withdrawal of only EPS will be allowed.
If you apply for withdrawal from EPS and you get it please do let us know.
Hi,
Question regarding PF transfer – Date of Joining Mismatch.
I have worked 13 years in a company and joined new company.
My DOJ was May 1st,2001 in previous company ( as per employment and re leaving order , but PF was started only sometimes in 2007.
( Till then company has less than 20 employees.)
Now I applied for PF transfer and application got rejected because of “wrong Date of Joining”.
I have checked with my previous employer on DOJ they submitted as per PF records, They do not know it.
Is it not wrong from employer to give incorrect DOJ?
How I can get this resolved.
Thank you in advance for your help.
Regards,
Shiv
Mistakes happen let’s focus on the solution. You can try the UAN helpdesk to submit your problem . If that doesn’t work you would have to request your previous employer to submit correct details.
Our article UAN Problems, Password,Mobile Number,Incorrect Details and Help Desk explains it in detail
Some Q.ueries. Recently we have received a mail from EPFO that we cannot hand over the amount due to an employee who has resigned and declared that he is not joining any other company. The resigning employee submits Form 19 & Form 10C specifying that he is no longer in employment.
EPFO now dircets employer to be sure that he is not joining any company after withdrwing the sum and only settle employee due against retirement, VRS or retrechment. Is this feasible and legal. How would a company know if he is joining as most employee would not inform the company he/she is joining.
Grateful if you respond
Yes Sir the EPFO is right and it’s legal. The rule is to withdraw from EPF only if one is unemployed for 2 months. Now through UAN the EPFO can track if employee has rejoined or not and hence reject withdrawal.
Sir,
I have worked in a company for 2 years. Left the company for higher education and withdrew the entire EPF amount. After completing education for 2 years joined another company and working there since 4 years.
Now I want to withdraw some EPF amount for buying a house.
Please tell me if I am eligible based on my years of service?
I have been working for 4years 9months in a company and my pf was getting deposited but at that time no UAN account was created. Now after changing my job a UAN account have been created by my new employer. Now how can i transfer my earlier PF amount to my new UAN account. PLEASE HELP.
A friend of mine was working for a company which was acquired by another company after 4 yrs. The PF account however was not transferred. My friend quit 1 yr after the acquisition. So, he completed 5 yrs of employment in total (4+1). He also withdrew the PF amount.
Now, will this amount be taxable? Since it is counted as two separate PF accounts. Does the exemption – ‘Employer business discontinued’ apply here?
Hello
I am now in US. I had contributed to EPF while working in India for the same company. Now it looks my account is inoperative.
What are the options i have given my situation. Please note i am still with the same company but in US.
Will i be able to withdraw?
Regards
Dear Sir,
I applied for withdrawal of total PF balance by submitting Form-19,form-10
out of which Form-10 (EPS) has been settled but form-19 was not settled due non submission of Copy of PAN Card or form-15H/form-15G. Now my doubt is can i transfer the balance amount of EPF (relating to Form-19) to my present company’s account.
I have quit the company 3 months back(may2015), still i didnt get the job. now I need to withdraw the pf amount. Then I asked to submit the “declaration letter” unemployed for more than 60 days.
“If you are unemployed, you must submit a declaration letter in a INR 20/- stamp mentioning that you are unemployed for more than 60 days”
So please advice me. (which document do I need to submit).
Thankx in advance
Sir, I did job in x company and left the job without intimating them..So now i got job in y company.They have not mentioned the exit date in my EPF Account so should i give the EPF Account created by X company to Y company or else Can i ask Y company to create new EPF ACCOUNT…Please give me suggestion sir….
Hi,
I have joined a company x in oct-2011 and left in feb-2014, joined company y in March-2014 and left in sept-2014 and joined company z in sept-14 and continuing my services there.
I want to transfer all my previous PF accounts to latest employer PF account.
My query is can I directly transfer company x PF account money to company z(current employeer) PF account skipping company Y which is my second company? because company Y is not co-operating to transfer PF as they dont have digital signature???
Hi,
I have joined a company x in oct-2011 and left in feb-2014, joined company y in March-2014 and left in sept-2014 and joined company z in sept-14 and continuing my services there.
I want to transfer my previous PF accounts to latest employer because company y doesnt have digital signature and they hardly added 5,000/- to my PF account.
My query is can I directly transfer company x PF account money to company z(current employeer) ? because company Y is not co-operating to transfer PF as they dont have digital signature???
Hi,
My previous organisation was Infosys which maintains the PF amount in its own trust. I have transferred my PF amount to my current organisation and it is mentioned in the E Passbook available on Member portal of EPF website. But the EPS amount was not maintained by the trust it was maintained in the Govt PF account. What should I do to get the EPS amount. Please suggest how to transfer or withdraw that amount.?
Hi,
I worked in my prev org from Aug 2011-Dec 2014 for which about 12% PF was deducted every month. I joined my next company in Feb 2015 and they started 12% PF from July 2015 only, gave about 1800Rs as PF from Feb-June months. Now, I am leaving company in August and moving out of India.
The catch is that in my prev company’s PF account, the amount is > 30K and in my new company’s PF account, amount is < 30K. I applied for PF transfer recently. Was that a bad decision considering that I could withdraw the complete amount in my new company's PF account without paying in any tax on that ?
I will complete my 5 years of service in Aug 2016 but won't work in India from Sep'15 to Aug'16 and hence no more PF contributions. Will I be liable to pay tax then on the total PF amount next year after Aug'16?
Please help out at the earliest.
Regards,
Ankita
Hi,
I have completed 10.5 years service in my previous organization which I left 4 months back. I have applied for PF withdrawal and got the amount.
Now should I give my previous UAN to current employer or should I create new UAN for future, Please guide on how to proceed.
Hi,
I have applied for the PF transfer.But the status is showing as “Your request is Transit between EPFO out and in office”.Can you please explain the next steps or when can I get the amount be transferred.
Thanks and Regards,
Surendra
Hi,
I have resigned from my previous company after working for 4 years.
Currently working as freelancer.
I know the consequences of withdrawing my PF money. I don’t have any immediate requirements to withdraw that money. So am I struck until I join a company or can I contribute myself to EPF account?
I have UAN.
What is the best possible way avoid my account get dormet.
In EPF contribution can only be made by Employer. So you cannot contribute.
For 3 years after your last contribution EPF will earn interest and then it becomes dormant.
If you think you may join back in join you can postpone withdrawing from EPF.
I was working in a private company wherein the PF was contributed from my salery. I left the job and right now i am working with the State Government as a Public Servant wherein CPF is contributed presently.Is it legal to withdraw my EPF when i contribute to CPF presently?
I was working in a private company wherein the PF was contributed from my salery. I left the job and right now i am working with the State Government as a Public Servant wherein CPF is contributed presently.Is it legal to withdraw my EPF when i contribute to CPF presently?
Hi,
I left a company X in November 2014 and now i am not working and planning to work again. I have applied for PF amount in March 2015. My PF forms were kept on hold due to new changes in the tax filing. I have been asked to fill 15G form so that tax will not be deducted.
My questions are
1) I have shares in my demat account and they have asked me to fill about share holdings in 15G form. The 15G form is complex and i don’t have my share details to fill in that form.
2) Will the PF amount/account be dead as there is no contribution from last 7 months.
3) Can i transfer the PF account to other employer if i join a new organization?
Waiting for your reply and thank you in advance.
Hello
3. You can transfer your EPF to new employer. This is recommended also and would be easy.
2. No after 3 years from last contribution EPF, not EPS part, earns interest. Only after 3 years it becomes dormat
1. Yes form 15G is complex. We are working on the article on how to fill Form G
0. If you withdraw before 5 years then there would be TDS at 10% and tax on withdrawal amount. The change was how much TDS had to be deducted
Sir,I was working company X for the past 5 years starting from May 2009 to Aug 2014 and after that i switched over to company Y.Here am working from Sep 2014 till date. Now if i withdraw my PF would i get EE+ER+EPS ? or the EPS will not be given ? also if i wish to withdraw all three components EE+ER+EPS would get transferred right..? How can i check the total accumulated amount that i have saved over the last 5 years? its just that EE and ER comes in the SMS reply .. Please clarify
As you are working it would be theoretically not possible to withdraw EE+ER+EPS. One needs to be unemployed for 2 months to claim it.
You would get EE+ER if you transfer online. EPS is currently not getting transferred.
You can track the transfer application if made online and then you can see in your UAN passbook.
Infact UAN passbook has all details of EE,ER and EPS
Sir,From your previous comment seems like EPS will not get transferred to the New PF account while doing the transfer.How can i get back those amount which had been saved under EPS scheme in my previous company if there is no option to transfer my EPS amount at all ? Please clarify.I have a UAN no along with my new and old PF account numbers handy with me.
You can apply for withdrawal from EPS if your total number of years of contribution is less than 10 years. For withdrawal benefit & scheme certificate fill Form 10 C(pdf format) ans submit it to your ex employer
I was worked 9.5 years in a LTD CONCERN, I resigned at 2004 and withdraw my pf amount accordingly. Now I am age of 52, and not working anywhere, could I apply in PF PENSION scheme. My company is in liquidation.
Sir when you say you withdrew your EPF did you withdraw money from EPS also or did you get scheme certificate for it?
Hi,
my question is – i want to transfer prev PF to my new PF account. The present employer has asked me to fill form 13 and submit 2 copies of it. Now will the EPS fund will also transfer or only EPF fund will get transferred ?
Thx
Hi,
Myself Raghu, Previously I was worked with X company for a period of 2 years and Joined to Y company. I have transferred my previous PF amount to current PF account through online. However, Still PF transfer status showing as “Your request is in Transit between EPFO out and In Office”.
Then I consulted with company HR regarding this issue and she suggested as ‘The form has been approved by the present employer on 14th Jan 2015. In this scenario, please raise a case in the PF site under grievances’.
Could you please provide instruction to raise a ticket under grievances and also provide instructions for successful transfer of my PF amount.
Regards
Raghu
can anyone reply to my request.
Sorry for delay in replying.
You can go to http://epfigms.gov.in/grievanceRegnFrm.aspx?csession=q39qHAuey2d& and register your complaint and get more information.
If this does not work you can file RTI
Hi,
I’ve rejoined the same company; the time periods of employment happens to be ( Oct 2009 – july 16th 2010) and Aug 2 2010 to till date. I have applied for PF transfer of my first tenure when I rejoined the company, however my previous PF account is inactive state. Please let me know how to proceed on this. Just to add name is my previous payslip in my first tenure was mentioned as Deepthi ss , However now it is mentioned as SS Deepthi Sharma will that be a problem?
Please help me on this and sorry if i posted a repetative question
Hi,
I was working in a private firm in Bangalore from 3/9/2012 to 1/3/2014. I resigned the job for higher studies, currently I am doing Ph.D. I have two doubts regarding PF.
1) How do I withdraw PF amounts ? Can I submit the form online ?
2) Is it okey if I keep the PF amount in that account until I get a new job after my studies ?
Hello Jayashankar
Wow PH.d. Congrats and best of luck.
1) You cannot withdraw EPF online as of now. You need to submit the form to your employer.
2) yes for 3 years after last contribution to EPF your account will earn interest at around 8-9%.
3. If you withdraw now as your total years of contribution is less than 5 years TDS will be deducted , you would have to pay tax on EPF withdrawal. If your income is less than basic exemption limit then to claim TDS as refund you would have to file income tax.
If you can keep money in your PF account, when you join job after studies transfer the amount to your new account. Remember EPF is for your retirement.
You can generate the EPF forms online at the website http://www.epfonline.in
Hi,
I’ve rejoined the same company; the time periods of employment happens to be ( Oct 2009 – july 16th 2010) and Aug 2 2010 to till date. I have applied for PF transfer of my first tenure when I rejoined the company, however my previous PF account is inactive state. Please let me know how to proceed on this. Just to add name is my previous payslip in my first tenure was mentioned as Deepthi ss , However now it is mentioned as SS Deepthi Sharma will that be a problem?
Please help me on this and sorry if i posted a repetative question
Hello Deepthi,
You can transfer your PF account from the same employer. A friend of ours left company in 1999. He rejoined the company in 2014 and was able to transfer the EPF from 1999 PF account to current account.
Process is the same. Approval will be faster as previous employer and current employer are same.
Do you have a UAN number?
Now name might create a problem. Better check with your Finance department. Which name do you intend to keep. It should be same in all your financial documents – PAN Card, Aadhaar.
Hi Kirti!
Thanks for coming up with useful and informatice blog!!
A big thank you for the clarification.
Yes I do have UAN. And have enrolled myself in EPFO member portal too. I have written to HR n Finance team in my office ; yet to hear from them. Assuming if the previous account gets transferred , will that be considered as continous service of 5 years. Please let me know your thoughts on same.
Regards,
Deepthi
Hi,
I had initiated the process of pf transfer online and on checking the status, it reads, transfer claim approved by both employers. However, still my pf amount has not been transferred. How many days does it take to get transferred? It has been almost one month.
Not sure. People have got it done within a week too but a month and half should be reasonable.
It is operational issue that too from Govt organization. So waiting is the only answer.
Please let us know when it gets transferred
The tenure of EPS contribution in my case has been 13 years. However, I am leaving India and will settle abroad permanently. How and When will I be able to withdraw my EPS.
Sir not sure about it.
You should be able to withdraw from both EPF(form 19) and EPS(form 10C) by submitting forms to your current employer
I will be attaining Portuguese nationality soon, and will be moving there after. I have worked 3 years in an MNC and have resigned now with one month of my notice period left. What will be the process to withdraw my PF.
Employee can withdraw from EPF by filling Form 19 which is available with the HR department of his ex-employer or can download it from EPFI webpage of download forms.
For withdrawal benefit & scheme certificate fill Form 10 pdf format which is available with the HR department or one can download it from EPFI webpage of download forms
Links are in the article above
My concern here is that can I withdraw PF after I have attained Portuguese nationality.
Hiii
I worked from July 2011 – Jan 2014 after graduation. I resigned in Jan 2014. While resigning I withdrew my PF. So i received the amount in FY 14-15 for which I am filing my ITR. I guess there are 6 components to it. EPF (Employee), Int. on EPF, ErPF(Employer), Int. on ErPZF, VPF and Int. on VPF.
My queries:-
a) Since after resigning I didn’t take up a new job. I only got my clearance from the company amounting 1 lac and interests from my savings. Along with the PF amount received, my total income rounds upto 3.5 lac for FY 14-15 which is in 10 % slab. But the tax benefits I have claimed in first year of my service is 10% and 20% for next two years. So my doubt is while calculating tax do I have to go for 10 % or 20 %.
b) Out of the 6 components mentioned above which parts are taxable?
Thanks and Regards
For Filing Income tax return for a year your income slab depends on income earned in that year only. It may be that one is in 10% income slab in one year, 20% income slab next year and no income the next.
As in FY 2014-15 or AY 2015-16 your total income is 3.5 lakh including income from salary, EPF, interest on FD if any etc you would be in 10% tax slab
Did you do VPF i.e voluntary EPF and claim 80C
The voluntary contribution will earn the same rate of interest,will fetch you the same 80 c tax benefit
Generally taxation on EPF various parts are as follows:
1) Total of employer’s contribution plus interest which was not taxed earlier will be taxed under the head ‘profits in lieu of salary’.
2) You will be taxed on the amount of tax benefit claimed for your contribution of EPF.
3) Interest received on your own contribution to EPF will be taxed as ‘Income from other sources’.
I want to withdraw only EPS amount and tranfer EPF amount.Is it possible and how
Theoretically not.
To withdraw from EPF and EPS one has to be un employed for 2 months.
Do you meet that condition Sir?
To withdraw EPS one needs to submit Form 19.
Dear Sir,
I am Papri Dey employee of M/S E.H. Taher & Co., 69A, Nitaji Subhas Road, Kolkata – 700 001. Two years ago My PF Account number was WB/CAL/0009126/000/0000066 with effect from March 2013. But, before one year I Collect my statement, I saw my PF Account No. is entry is Krishna Kumar Sharma who leaving our Company 7(Seven) years ago. So, I am confused and contract our Company PF Agent, who advise me and regularised my New PF Account No. WB/CAL/0009126/000/0000070 is the entry name of Papri Dey after 4 (Four) months effect on September 2014. But, till date my previous PF Account WB/CAL/0009126/000/0000066 Balance Amount is not transfer in my New PF Account WB/CAL/0009126/000/0000070 .
So, I request you to please take action and arrange to transfer my Previous balance amount in my New account up to date.
MY OLD PF A/C NUMBER WAS WB/CAL/0009126/000/0000066 & MY CURRENT PF A/C NUMBER IS WB/CAL/0009126/000/0000070
My mail Id is & Mobile Number is 9804468245.
Looking forward to your kind help & necessary advice.
Thanking you.
Yours faithfully,
PAPRI DEY
Sad to hear about your case. We cannot do anything except suggest.
Good thing is you caught the problem.
Now it’s time to fix the problem.
Instead of opening new account you should have got old account fixed.
Anyways..
Please check status of the old account number WB/CAL/0009126/000/0000066
You would have submit application to your PF agent to change details of the old PF account number. Name and Birth should match yours.
Hi,
I have withdrawn my PF in this financial year. I have came across the following info in our office mail. But i could not get the clear picture of it. Can u please explain me. Here is the info.
1. Income Tax shall be deducted at source (TDS) at the time of withdrawal of the PF amount under following conditions :
• If the amount is withdrawn before 5 years of service
• The withdrawal amount is equal to or more than Rs. 30,000/-
• If PAN submitted – TDS will be deducted @ 10%
• If PAN is not submitted – TDS will be deducted @ the maximum marginal rate i.e. 34.608%
if u will withdraw ur PF than 10% TDS will be deduct.
In following circumstances tey will not deduct TDS on PF:
Ur PF amount is less than or equal to Rs. 30,000/-
If u have not completed 5 years in the organisation.
My advise to you that dont withdraw ur PF let 5 years will get complete(u can transfer the PF in ur new company and complete 5 years after than u can withdrawn) why 10% deduction on PF.
I had 3 PF accounts. I had applied for PF transfer from Account A and B to be transferred to Account C. The Employer and Employee contribution has been successfully transferred after a period of 5 years struggle.
Now, the Pension Amount of Rs.541/- that was deducted every month in Account A and B has not been transferred to Account C. How will the same be accumulated from each account and paid when i turn 60 years ? Pls guide.
Hi, I left my previous organization 9 months ago where I was allocated UAN.
Same UAN was provided to my new organization but seems they have generated a new UAN for me.
How do I surrender / merge both UANs? Is there any specific form / notification which I need to send to PF department?
Thanks.
Hi Team,
I have joined now a company whose PF is maintained by trust. My earlier company was with RPFO. Is there any way of doing transfer online for PFs between trust and RPFO and vice versa.
Thanks
Yes it is allowed. You can read it at EPFO launches online PF transfer facility for PF trusts
Process is the same as if transferring between EPFOs.
Hi,
My husband applied for his PF withdrawal in the month of December 2014 while switching his job,At that time he did not have his UAN.
It’s been six months now, we did not get the amount. We tried checking the status of withdrawal through online, it says no record found.
How can we track now?? Ur suggestions are highly appreciated.
Hmm..Did he withdraw using the online or by submitting Form 19?
The best approach would be to file RTI.
This video How to file RTI for EPF (Employee Providend Fund) Withdrawal or Transfer Issues would help you.
He has submitted his Form 19.
joined x company in 2011 and left after exactly 3 years of completion . joined y for next 6 months and again rejoined the x . can i withdraw the PF from the x company from my first stint .
Shobit, We assume you have UAN number so EPFO might not entertain your withdrawal request. As you need to be unemployed for 2 months before you withdraw from EPF.
What you can do is transfer your PF contribution from 1st stint in the company and link it to UAN. Your PF number for 1st and current stint would be different.
Transfer also the EPF from company Y to company X.
I have recently transferred amount from old EPF account to current EPF account.
But only Employee Share and Employer Share is transferred to new account and Pension contribution is not transferred.
Do I need to submit any form for transferring Pension contribution from old account to newer account ?
Thanks,
Sandeep Tungar
Mumbai
Even I have the same question as Sandeep. I raised PF Transfer request from my old company to new company Pension account(as PF is maintained by the company own Trust) on 30-April-2015. I had the below few queries
I have UAN number activated.
1. Will my pension amount also get transferred to new Pension account
2. Will my PF account number(maintained by my company trust) also get tagged to my UAN
3. How I will be informed once the transfer process is completed
4. When I check in Member e-seva am seeing Employee balance + Employer balance is 0. But am seeing Pension amount.
5. I am seeing my old account status as Settlement is completed. But still I didn’t receive any message as of now.
Lot of queries. Please reply
Saranya please login to http://uanmembers.epfoservices.in/ and check your EPF passbook which should show transferred amount.
Also check the Transfer Claim -> View Transfer Claim Status to see the status
I have verified EPF passbook in UAN portal. And I am seeing only EPF is transferred but not EPS.
I Have raised grievance in EPFiGMS. Lets wait and hope they will get back …. in near future 🙂
How many daya it will take to get reply from the grievance raised in EPFiGMS.
Yes there is confusion on whether EPS should be transferred or not. But currently when one transfers through online only EPF amount is getting transferred.
We are looking for answers on whether one has to submit form 10C and get scheme certificate like in old times.
If you find something do let us know too!
Here the reply I got :
Details of Final Reply :
IN INTER GROUP TRANSFER EPS AMOUNT PHYSICALLY NOT TRANSFER ONLY SERVICE DETAILS TRANSFER.
HI , My name is Harish and I have worked in X company between 2007 to 2010 and its been 5 year since I have left the company but I didn’t or couldn’t withdraw my EPF , but now I wnat to but I am afraid that is there any time limit that I should have done it or I can withdrew it even after 25 years
Sir, relax you can withdraw or transfer it even after 5 years. Infact Government would like you to claim your inoperative EPF account.
If you are working currently and have a EPF account, it’s easy to get it transferred online. Our article Transfer EPF account online : OTCP explains it in detail
Hello kirti,
I have a unique situation. Please advise
Joined X Company and had a PF account. Moved out of it after working for one year. Had no UAN Then (In 2008)
Joined Y after a Gap of one year
Working in Y for more than 5 years now. Got a UAN here
1. However in UAN Account when I check my prev PF no it gives the correct name but not the joining date and leaving date
2. and in X company its been more than 6 years that the amount is lying there, did not withdraw, and as per this blog, I will get the Interest for 3 years however my query is that if I do not withdraw or transfer the X Company PF account to the Y company so far / did not with draw for more than 6 years, what will happen to my amount will it still remain as is or will there be any issue with it being in X Company PF account
Please Clarify
Sir a doubt as you had no UAN number in 2008 how are the details of previous employer available? Did you link the previous employee id?
1. If you are checking in Status of previous Member ID’s then it would show who linked – you or your employer
2. We would request you to transfer PF from X company to Y company. Reason the EPF in X company has become dormant and inoperative. If you have to withdraw some time in future then you would have to make two requests. Govt has started the drive to track the inoperative accounts. Why have the hassle of two accounts, have it transferred to your current company and simplify life.
Thank you for the suggestion,
1. In X company I had no UAN, but has been given with a PF Account no. so, with Y company given UAN, I am trying to track X company PF Account.
2. I am going to move to Z company shortly, hence want to transfer it directly to the Z company, will I be able to track my X company PF Account with Z company after being more than 5 years or 6 years.
Please clarfy
I worked for a company which was having their own PF trust
Then I joined a company who has PF managed by EPF office , i have completed 2 years here.
Now when i leave the organization and apply for the PF , will the tax be deducted ?
How many years did you completed in the company which had their own PF trust?
A PF trust is similar to EPF. If you total years of contribution in both these funds is less than 5 years then TDS will be deducted else not.
We would recommend you to transfer your old PF trust to current EPF . Then it would be easy to manager transfer or withdrawl.
Some basics:
Any establishment (business entity) which employs 20 or more employees can join RPF. Most of the individuals (who are salaried) generally contribute to this type of Provident Fund. This is one of the popular types of Employees Provident Funds (EPF).
The business entity can either join the Govt. scheme set up by the PF Commissioner (or) the employer himself can manage the scheme by creating a PF Trust. All Recognized Provident Fund Schemes must be approved by The Commissioner of Income Tax (CIT).
Can we transfer more than one Previous PF account in current PF account?
I have been working in a company for short duration till the other company job formalities was taking place.So As per records I am switching from A to C but there is company B where i worked for short duration. Can I transfer that PF amount as well to PF account of company C??
Yes Sir it is possible and that’s the way to go.
Entire purpose of UAN is to maintain all your PF accounts in one place.
Hi All,
I was working with a company in 2009 and left it after working for 8 months. Later I joined another company and I will be coming out of this company in a week from now. I am quite not sure if I will not be working any more. So, I would like to know:
1. if I can transfer the first employment related PF to my current employer and then get it transferred to the new employer if I am joining or will that be a problem as I am leaving this current company in a week
2. is it possible to withdraw both accounts separately or transfer the accounts separately
Sir
Do you have the UAN number? We assume you do as you are currently working.
Please transfer the first employer PF to current one
Request to withdraw/transfer would have to be made for each employer
Hi,
I have been working with my current employer for 2 years and 8 months. I am leaving to pursue a masters degree in the UK and need the funds in my EPF account for the same. Is there any way to waive the 2 month waiting period and have the same released immediately after I leave my job.
Hello Priya,
Best wishes for higher studies. Where are you going and for what?
For people going for higher studies there is no 2 month waiting period. You can apply for transfer of EPF. Please remember that 10% TDS will be deducted as contribution in EPF is less than 5 years.
Do keep us updated.
Hello, I had requested for PF withdrawal 27 April 2015 and also received a conformation from EPFO GURGAON that the claim has been approved and payment is in process. Mean while my bank account mentioned in the form got closed. Need your help in steps now I need to take and when to take. should I wait till it shows online that the claim got rejected
Appreciate your help
Thanks
Sir,
Both approaches seem to be fine.
It is better to give a letter to PF department stating that the Account is closed and request letter to change the payment details to new Bank account. For that you should enclose following documents.
Enclosures
1) If you have any confirmation for account closure then enclose that copy else get a letter from the bank stating your account has been closed and any payments from PF department comes the same shall be returned.
2) Cancelled cheque leaf of the new account for confirmation of Name, account number & bank details
Please do keep us updated
I have submitted my pf withdrawal form on 22-03-2015 to my previous employer, and till now no news. when i asked to my previous employer they saying that its already been submitted to PF office.i have a question that if they submitted to PF office will i get message on mobile? and how many days will take to get my money, please answer, thanks. – See more at
Typically it takes around 2 months to withdraw if submitted offline but then you know about Govt offices.
You can register EPF complaints or grievances online or file RTI
To register EPF complaint visit EPF complaint online
You can fill the required fields to lodge your complaint related to any of your grievance and submit. You also have the facility for maintaining confidentiality of your grievance by setting password.
You can anytime check the status of your complaint online by entering your ‘Employee Provident Fund Account Number’ and also send online reminders to the EPFO to keep intimating about your pending complaint.
You may also contact the EPF office. Find the EPF0 directory to get the office address and phone numbers and call.
In case the above two options fail, you can file RTI.
A request, if you can keep us posted on what you did and what happened it will be beneficial to others
Hi,
i have 5.6 yrs of exp in my 1st company. i am switching to next company without even single day gap b/w 1st & new company. am i eligible to withdraw Pension? i assume i can withdraw PF without tax deductions. is it wise choice to withdraw or to transfer?
Sir if you have your UAN it would not be possible to withdraw EPF for EPFO knows that you are not unemployed. Condition to withdraw from EPF is that one should be unemployed for two months.
Pension should also work the same way, theoretically. It’s still not clear whether pension is transferred along with EPF if one applies online.
Unless you really need money don’t withdraw as EPF purpose is saving for retirement. Our article Withdrawal or Transfer of Employee Provident Fund explains it in detail.
Hi,
I want to withdraw only EPS amount and tranfer EPF ampount.
Is it possible and how ?
Hello,
Yes if you have less than 9.5 years of contribution to EPS and one could withdraw EPF & EPS if one was unemployed for 2 months.
Earlier one could withdraw from EPF & EPS as EPF was not tracking whether a person was actually unemployed. But now with UAN number the previous employer’s details are linked so that loophole is plugged.
Do you have linked your earlier Employer to UAN number?
Hi Kirti ,
I worked for a company which was having their own PF trust
Then I joined a company who has PF managed by EPF office , i have completed 2 years here.
Now when i leave the organization and apply for the PF , will the tax be deducted ?
Please help
Now I have resigned my job and i am idle for 1 year after that i will join in another company. how to merge my epf a/c . can u suggest me…
sathish
Do you have a UAN number?
If you have UAN number your EPF details for all employers are available at one place.
When you join the new company then the company’s new PF account number called as Member ID will be generated. This will be linked to your existing UAN number by your new employer after submitting form 11.
If you don’t have UAN number your employer will submit request to EPFO for generating UAN number.
Then you can link your previous employer PF account number.
Can i withdraw a money EPF any time i want…..?
Hi,
I was working in a company X for the past 7 years. I have resigned from job due to persona issues and is currently residing with my husband in US. Is there option for not withdrwing the EPF ad EPS amount and withdraw it later ? Will I be getting any interest for the amount ? Is there any issues in not withdrawing the amount like this ?
I am not employed here.
Please reply.
Thanking you.
I resigned my job in old company(3.5 Year of service) and joined new company immediately
I didnt provide UAN number to new company, New PF account has been created
Can i withdraw PF amount from old account still
Old Hr is saying pf is cant be withdrawn it can be transferred only. I lied him that i am unemployed for 60 day but he is asking for affadavit signed by notary
Hi,
I’ve completed 3 years of service with my employer and now will have a 2 year break in employment as I want to pursue higher education?
My employer is forcing me to withdraw the PF amount, which I don’t want as it will attract tax implications. I want to let the amount be with him and my PF account to continue so that I don’t have any unwarranted tax implications and also I earn interest on the amount for next 24 months.
What course of action should I take?
Your guidance will be highly appreciated
Why is your employer forcing you. EPF account is with Govt so there is no headache for him.
You can complain to the regional provident fund commissioner. Please send this complaint by registered post and keep a copy. After reasonable time, if no action is taken, you can also apply under the Right to Information and ask what action has been taken on your complaint, and why you should bear the burden of paying the taxes when you actually wanted to get the PF transferred later when you join the job.
Hi,
I was working with a company 3 years 3 months & then i left the company. i filled the form to withrow my PF .since from 1 yrs i didn’t received my pf. & contentiously getting the same online status.
STATUS for Member ID: KRKCH00218900000000434
Claim ID : KRKCH150200012893
Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (KRKCH00218900000000434) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim.
Claim ID : KRKCH150200012900
Status : Claim Form 19 for PF Settlement AGAINST Member Account No (KRKCH00218900000000434) has been rejected. Rejection letter is under dispatch/ dispatched to address in your claim form.
Reason of rejection: The reason of rejection is not available in database. You may please contact RO/SRO KOCHI for further details
* * Data available since last six months. * *
* * KOCHI data availaible from 11-11-2014. Last updated on 11-05-2015 at 08:31 am * *
* * Approval Details on PPO and Scheme Certificates will be made available soon.. * *
i spoke with my company HR and she asked me to send my 10th markehseet , as she has made mistake on my name and thats the reason its got rejected. i have already sent one months back. could you help me to understand when i will received my Pf. please help me
Thank you
Anjali
The reason for rejection is Name mismatch.
New claim with correct name has to be submitted by your ex emplorer
file rti application and seek following information regarding both claims by quoting your account No
(i) Dy No and date.
(ii) Name and designation of Dy clerk of accounts section.
(iii) date of receipt in account section.
(iv) relevant extract of work diary of dealing clerk
(v) name and designation of dealing clerk
(vi) date of submission by dealing clark
(vii) name and designation of the head clerk/SS
(viii) date of disposal by head clerk/SS
(ix) Name and designation of AO/AAO/APFC
(x) date of disposal by AO/AAO/APFC
(xi) reasons for rejection.
(xii) letter No and date of despatch rejection order
(xiii) copy of rejection order
(xiv) name and designation of deapatch
(xv) relevant extract of despatch register
(xvi) amount of postage paid.
(xv) if rejection of claim was due to non-deposit or non-submission of returns by the employer then a copy of the notice issued to the employer.
after submitting this RTI application, after 7 days submit the fresh claim. 90% chance is that it will not be rejected or you will be informed of the deficiency over telephone
chola very poor service
Dear Kirti,
I have Applied for the PF transfer online. its showing below status since from 2 days.
Current Status :Your claim has been settled and credited to new account.
Could not see the amount credited into my present employer PF account. Can you please comment on “How many days it normally takes to get the amount credited into my present employer’s PF account after the approval of online transfer application?
when they will update the UAN passbook, If it needs to update.
I can see my UAN passbook in portal They are updating every march ending.
in my case to see credited amount, do i need to wait until march to update my PassBook or will they update when we are transfering old epf to new epf account ?
Could you please clarify me my concerns.
Thanks in advance!!
Best Regards,
Hanuma.
hi,
my previous company was a private trust wherein i have worked for 7 years. the new organisation which i have joined has its pf account in rpfc. what i wanted to know that if i transfer the amount from the private trust to rpfc then in this case, will my pf membership term be counted from the past i.e. 7 years or since the amount is now getting transferred from private trust to a public trust hence it would be starting from the initial phase i.e. 1st year.
Hello Kirti,
I have worked in a company X for one year. later I have joined another company Y. In my new company they have created UAN.
I can see my epf balance from previous pf account.There are two different amounts EE Amt = 10000 and ER Amt = 10000.
Could you please suggest me should i get EE + ER = 20000 , If i transfer my old pf account to new pf account
below status is showing since from 10 days till now didn’t credit.
Current Status : Your request is In Transit between EPFO Out and In Office.
Thanks,
Hanuma
Hi Kirthi I had worked in an organization from 6th Oct to March 5th . Can I withdraw the pf after 90 days .
yes you can withdraw the PF
Dear sir,
I just want to know that i have been working with an organization for 4 year and in this situation if i’ll resign from there how much share of EPF amount i’ll get and is this possible to get total pension fund apart from other share.
Hi Sir,
I have worked in an organization from september 204 to august 2005. I want to transfer this PF account to my current employer PF account. Will it be possible? Or is there any procedure to get it done? Please kindly let me know the process.
Thanks,
Venkat.
Yes you can get your old EPF account transferred.
As it is 2005 account we are not sure if it would work online.
but you can transfer
You should be having UAN number from current employee and it should be activated.
-Link your Member ID in Previous members Id
-Apply for transfer of EPF account.
I have completed 6 years with my Ex employer, I am joining new company (X) now. When I leave this X company after one year. Tax would be on whole amount of amount accumulated in last one year?
No Sir as you have made 6 years of contribution to EPF there will be no tax on withdrawal. After 5 years of total contribution in PF there is no tax on withdrawal.
Do you have UAN number alloted? If so then if there is not a gap of two months before joining jobs then only you can withdraw else your PF would be transferred.
Reason for such decision is that EPF is for retirement purpose and if people withdraw they are losing out on compounding.
Provident fund includes form 19, 10c, 3a certificate, ifsc code
Regards,
Harish Dhawan
Provident Fund Consultant
harish,
I have few queries regarding PF withdrawl & need professional help in EPFO bangalore.Can i get your email id please at ranu dot srivastava at gmail.com
I have been working for a company X for about 3.5 years and left the company on 10th of April 2015. I will be proceeding with my higher studies for next two years without receiving any income.
In this will be EPF and EPS withdrawal be applicable for TDS/ any other tax dedeuction or will it be tax free. Also will I have to submit two seperate forms for EPF and EPS.
Will be waiting for your reply.
Thanks & Regards.
Dear Sir,
I have relived from my past employer on May 2014 and rejoined my current company on July 2014. I didn’t transfer or withdraw my PF yet from the past employer.
If I transfer my PF to my current PF account through on-line, would I be able to withdraw old PF, if I quit my current company along with my current PF?
If you want to withdraw from your earlier company it is not necessary to transfer it to current company. Unless number of years of total contribution of past employer EPF is less than 5 years then your EPF withdrawal will be taxed.
Then to avoid TDS/Tax you need to transfer it to current company and then withdraw.
Fill Form 19 for EPF withdrawal and Form 10C for EPS withdrawal and submit it to past employer. They will do the needful.
How many years did you work in past company?
Hello Sir,
I have worked in a company X for one year later on I have joined in a new company Y. In my new company they have created UAN.
I have seen my epf balance from previous pf account.There are two different amounts EE Amt is 10000 and ER Amt is 10000.
If i transfer my old pf account to new pf account
should i get EE + ER = 20000 ? and what is EE and ER?
Thanks,
Hanuma
I have been working for 8.5 yrs in the same company. past 3 years i am in US as a Onsite manager but my PF was continued in India. Now I am resigning from my Job and joining a US company. Please explain:
1. Can i withdraw my PF, pension and gratuity?
2. will the amounts be taxable or not?
Congratulations Priyanka on your new job and Best wishes too.
1. Those who have got employment in a foreign country and they don’t intend to return soon, can Apply for immediate PF withdrawal. There is no waiting period of 2 months.
To avail this concession this you will have to produce visa copy as well as appointment letter, if any.
2. As you have worked for 8.5 years and 5.5 years in India, I assume that during all this time PF contributions were made. EPF withdrawal is taxable if contribution in EPF is less than 5 years.
Priyanka,
Can you update or reply to me, if you are filing for your return and how ?
I have been trying to reach my employer once again. They gave me a form 19 last time in 2013 and after that they said it is a difficult process to get PF cleared from the PF office for overseas employees.
Let me know.
thanks,
PArvin
Have you considered filing an RTI for PF.
Before filing the RTI , a good idea would be to file a EPF grievance redressal form online
Jagoinvestor article on RTI for EPF Withdrawl and Transfer issue (Mar 2012) talks about how one can file a RTI(Right to Information) if one is unclear about what your EPF status is or if one’s EPF transfer work has even started? Why did one’s EPF money still not credited in bank account etc etc… You can ask all these questions and you should be getting the 100% right and clear answers within 30 days. The only point here is that you should be doing it the RIGHT way.
The three steps to file are:
Buying a Postal Order of Rs 10 from Post Office
Drafting your RTI letter
Sending the RTI letter by Registered Post or Speed Post
Few websites help you to file RTI online like https://rtionline.gov.in/ or https://onlinerti.com
I served for four years in X company and joined immediately in Y companu. after a lapse of 6 months, (4.5 years) I withdrew the contribution from the EPF I am not sure if the X company deducted the tax forthwith. If not can I remit the money back to my present EPF account. Are there provisions for that Kindly clarify .pl
My wife has changed her organisation 1 year back. She is unable to transfer her PF account to the new organisation because she was working in her maiden name. Now the previous employer is telling that she can’t transfer her account because there is a name mismatch. Please suggest a way out to get the account transferred or withdrawal.
Hello Sir,
EPF does allow change of name. Circular from EPF
Often, women change their surname after the marriage. If they change their surname in bank records and office records, they should also change it in the EPF database. To change the surname in EPF account due to the marriage, you need to fill the Prescribed form and attach the copy of marriage certificate. You can ask your employer for the form or download it from Planmytax who also has article about change of name
However, if you did not change your name in bank account and office records, Don’t change in EPF database as well. To withdraw EPF, the name in EPF database and bank account should be same.
The EPF name change application should be given jointly by you and your employer. There is a prescribed format for this application. In this form, you need to fill the address of the regional Pf commissioner, your name and company name. You have to also fill the correct particulars in the given column. Fill only those column which are required. Leave all other columns blank.
Please note a fact about nomination also..
PF nominations are automatically invalidated upon marriage. As things stand now, your PF account does not have a nominee unless when asking for the name change, you sent in a fresh nomination form retaining the old nominee.
See section 61(3) of the EPF Scheme, 1952: http://www.epfindia.gov.in/epfscheme.pdf
(3) If a member has a family at the time of making a nomination, the nomination shall be in favour of one or more persons belonging to his family. Any nomination made by such member in favour of a person not belonging to his family shall be invalid.
Provided that a fresh nomination shall be made by the member on his marriage and any nomination made before such marriage shall be deemed to be invalid.
I have worked in a company for 4 years 11 months & now i am leaving for study. I am planning to withdraw PF after two months so in that way it is crossing the five years criteria but i haven’t worked for 5 years. Will TDS be deducted from my account if i withdraw pf after 2 months? If yes then what’s the alternative to save TDS.
I raised a online transfer request for my previous 4 accounts on Feb 17 2015. All of the accounts except one got transferred within 30 days. I’m stuck with one of the accounts and after follow up with the employer I got a reply that they are facing issue with authorized signatory attestation on PF transfer online request. The above response was a month back and I have followed up twice after this with no response from the Employer.
Could you please let me know whether any complaint/grievance can be raised against the Employer.
Sir, there are many ways but I am not sure how fast it is.
From EPFO GRIEVANCE REDRESSAL MECHANISM IN EPFO(pdf file)
The best way to file your grievance is through Employees Provident FundInternet Grievance Management System (EPFIGMS). You can file your grievance online through the portal: http://www.epfindia.gov.in.
2. You can also file your grievance through Centralized Public Grievance Redress And Monitoring System (CPGRAM). You can do so through the
portal of the Ministry of Administrative Reforms and Grievances i.e pgportal.gov.in.
3. You can approach the PRO in the Facilitation Centres of any regional and sub regional offices.
4. You can send your grievances by post or email. You can email to acc.csd@epfindia.gov.in or rc.csd@epfindia.gov.in.
After registration of the complaint, every complaint received through any mode is registered in EPFIGMS, except complaint registered under CPGRAM.
2. The chance is that 80% of the complaints will get answered in less than 15 days in respect of 108 offices of EPFO, except fifteen offices (namely Bandra,
Pune, Delhi South, Delhi North, Hyderabad, Gurgaon, Bangalore, Kandivilli, Whitefield, Bommasandra, Thane, Kolkatta, Noida, Tamram, Chennai) in which case resolution will be within 30 days.
Best of Luck and do keep us updated
Dear Every one,
My employer being deducting the PF from Sep 2014 after the govt raised the limit of Basic+DA to 15,000/-. Some of our colleagues have got the UAN number, but in my case if i search through the PF Portal, it is showing the number is under process (through ECR).
Kindly guide me when the dept will allot the UAN number and what does means “Number Under Process (through ECR)”.
Regards
ANTONY RAJ
Sir it means that your employer has submitted your details and EPFO has to generate the UAN number. How long will it take? it should be fast but no idea how long?
ECR stands for Electronic Challan cum Return for depositing contributions by all the employers in order to provide hassle-free services to the subscribers and as part of utilising information technology for better service.
Check up with the Finance department of your company.
Nice explanation. I still feel that there is a slight gap with my situation than what is explained above. It is like this:
I joined a company in May 2011 at Bangalore. I had EPF here where some portion was deposited by employer and a %age by me. I Quit End of March 2013 and relocated to Chennai. 2nd April 2013, I joined another company. But, since the headcount was small, the company did not warrant to contribute to EPF. So, Since 2013 April, I do not have EPF. So, Can I close and withdraw the PF amount from my first job without being taxed? Or Will I still be taxed as it is not 5 years since the opening of the account? Please clarify.
Thanks
Karthik
Karthik,
If you withdraw before 5 years of contribution to EPF then it would be taxed.
Please note that for 3 years EPF account continues to earn interest even though their is no contribution.
So if you have plans to join another company in future you can let your EPF account rest and transfer it when you move to another company.
Dear sir,
I had been been working with an employer where I had EPF. Now I have changed employer where there is no PF contribution. My question:
1. Is it possible for me to pump self contribution to the old EPF account of the old employer? Or will I have to change PF account to new employer and start making self contribution.
Regards,
Jose
Hello Sir,
Does your new employer has New Pension Scheme or NPS?
You cannot self contribute to EPF as the name Employee Provident Fund suggests. For self contribution one can put in PPF or Public Provident Fund.
You can either withdraw or let your account earn interest without contribution for 3 years. In 3 years if you join another company which has EPF then you can transfer your old PF account to that.
I hope you have the UAN?
Hi Kirti,
I have a query on my situation which is little different.
I joined a firm X in July – 13 and Resigned on 30 Nov 13, but
Parallel on 15 nov 13 I joined another firm Y and attending both office for 2 week. As I joined firm Y as fresher only I was not able to transfer my PF.
In this case what option I have for my PF account in both firm X and Y. ?
Through Firm Y I got the UAN number. Is there any way to x-fer PF of firm X without informing firm Y. Or what are the possible way to join both account.?
Interesting situation Sir.
You can withdraw from Firm X without telling Firm Y.
Or if you join Firm Z then you can join the two accounts.
Your account in Firm X will earn interest till Nov 16.
HI
Actually, i worked in some x company from 2009 to 2012, but i am not working for some persnol problem, but still not withdraw my epf amount, any problem in this case for withdraw th amount.
No Nalii we don’t expect you to face problem.
Please note few things:
Hi Sir,
I am in some unique situation where in I am resigning from a multinational company in 4.5 years and joining a Government service. If I withdraw the epf money it will be heavily taxed. Government services are not providing EPF facility and are providing NPS. Even if I dont withdraw I couldent transfer it to new job. Is there any exception for tax deduction is provided if the new employer doesnt have EPF facility..
Anybody looking into it.. I need urgent help in this issue…
Apologies for late reply .Congratulations on your new job
Not that we are aware of.
You can keep your EPF account for 3 years as it will earn interest.
Till then if you move again to pvt job which has EPF you can transfer.
If you withdraw as you rightly said it will be taxed.
Now govt is allowing an option to EPF subscribers can switch to NPS and back
Thanks Sir…
I have gone through the article. Can a new government employee continue with EPF or this option is available to old employees only….
Hello Sir/Madam,
I have a query.
I have 3 PF accounts at present as i didn’t close any account.
I joined a firm X in 2008 Aug and resigned on February 2011 – (PF started from joining date)
Then joined firm Y in 2011 and resigned on August 2014 (Employer started PF from Jun 2012)
Joined a new firm Z in September 2014.(merged the first PF Account x with the present Z firm account)
I wish to withdraw amount from the account of Y firm, is it possible to withdraw the amount. UAN number has been allotted to me.
It would be a great favour if you reply to the same.
Regards
John
John your UAN number was allotted by Firm Z it seems.
To withdraw the EPF amount you have to be unemployed for 2 months. So going by rules you cannot withdraw.
John I want to bring to your notice that since PF in firm Y had not completed 5 years you would have to pay tax on it.
But if you combine Firm X + Firm Y + Firm Z your contribution would be more than 5 years hence no tax on EPF withdrawal.
My suggestion is not withdrawing from EPF and using compounding to your advantage.
I have a query.
I have 3 PF accounts at present as i didn’t close any account.
I joined a firm X in 2011 May and resigned on February 2015 – (PF started from joining date)
Then joined firm Y in Feb ,2015 and resigned on June, 2015 (Employer started PF from Feb ,2015)
Joined a new firm Z in June 2014.
(Employer started PF from June ,2015)
I want to transfer both the PF of Company X and Company Y to Company Z. UAN number has been allotted to me by Company X.
Is it possible to transfer both the PF pf X & Y to my new company Z ??
Regards
Deb
Hi , I have been working in a company for 5.8 years , now i have resigned and joined another company , is it possible to withdraw the PF or is that i have to be unemployed for 2 months . I have been told either i have to be unemployed for 2 months , medical or going abroad are the only reasons under which i can withdraw my PF , Kindly can any one clarify .
Thanks
Technically yes you need to be unemployed for 2 months/medical/going abroad as you suggested.
Unless it is necessary you should transfer your old PF to your new company by giving your UAN number
Hi Kirti,
I have quit my job in January 2013, after working continuous for more than five years.
I am self employed since two years now, and intend to continue being self-employed.
Is my erstwhile PF account still earning interest on the accumulated balance?
Hello Bharath,
The EPFO account earns interest for 3 years after it becomes dormant. So till Jan 2016 it should earn the interest.
I would suggest you apply for UAN and get the e-passbook and can track easily.
Our article UAN explains it in detail.
Hello sir,
It’s nice knowledge sharing posts i found, I have some querry and questions regarding PF Withdrawal as follow need your help-
I have resigned from X company and now joined Y company, In x company i was had my PF account and in new Y company I do’t have pf account facility provided by new company, now I want to withdraw the PF amount form old X company’s mine PF account, so what should i do? Can it possible?
Employee can withdraw from EPF by filling Form 19(pdf) which is available with the HR department of his ex-employer or can download it from EPFI webpage of download forms.
One can withdraw only after a waiting period of two months after resigning. The rules are that an employee should not be in employment for two months after resigning if he has to withdraw his P.F amount. Form is submitted to the regional provident fund Commissioner office after which the employee receives his amount along with interest within a period of 90 days.
If you withdraw before contributing for 5 years TDS would be deducted all your previous years income gets recomputed as if the fund was unrecognized from the very beginning (i.e., the tax benefits you received on your own contribution u/s 80C/88 in earlier years will get forfeited) and further the employer contribution and interest received will be added to your current income subject to relief under section 89.
Hi, I had made an online application for transfer of my PF balance which has been approved by my previous employer. I had heard that the transfer claims are processed within one week from the date of approval by previous employer. Its been a month but I don’t see my current employers details appearing. Please can you guide me how much time PF department takes to process the transfer claim and do I need to approach them. Thanks in advance for your assistance!!
EPFO has become quite fast in transferring. Did you submit duly signed printout of the claim? Some Ans from FAQ (pdf) by EPFO are given below.
Hope it helps.
The member is advised to submit the duly signed printout of the claim after its online submission immediately, but it should not exceed 15 days. The employer would have the option to reject the online claim application after 15 days. In case of any delay beyond this period, the member is advised to contact the authorized signatories/ employer for needful.
The contact details of authorized signatories are available under the Employer details in the “View the status of Transfer Claims” under the tab “CLAIM”.
How can the member get to know the claim status of the claim submitted online by
him?
Ans:- The member would have an updated status of the claim in the “View the status of Transfer Claims” under the tab “CLAIM”.
How can a member know that the employer has edited the data furnished by him
while filing the claim online?
Ans:- In case the employer has edited the data submitted by the member in the Online
Transfer Claim form, the member would get a PDF file of the revised claim form as submitted by the employer in the “View the status of Transfer Claims” under the tab “CLAIM”.
Dear Sir,
I have applied for PF claim to my bank account on 17th January but still i didn’t get anything from both company and as well as PF office. Then what can i do?
Est No- 23479
Acc.No- 6028
I had worked for 10 years in my previous organization and now I’m currently not employed .
I spoke to my HR dept and they say that it is compulsory to opt for Pension Scheme Certificate if I have worked for over 10 years . I haven’t seen any clear documentation that this is compulsory. If it is so then why is it compulsory? Anyone should have the option to receive the full amount instead of as a pension.
Dear sir,
my name is mukesh kumar two year ago i was working in a company i left the organization in Nov 2011.
now i want to withdraw my amount which is around 18000 inclusive of pension fund.can i withdraw all.
my pf details are below.
Establishment ID & Name :TNMAS0022600000 BRILLIANT TUTORIALS PVT. LTD.
Member ID :TNMAS00226000000005176
Yes Sir you can withdraw your PF inclusive of your pension. If you have not contributed for 5 years to PF you would have to pay tax.
Dear Sir,
I have a situation which needs your expert advice. I worked in an Organization A from Dec 2007 to Oct 2009, after i left the organization i have not withdrawn the amount till date. I keep getting the latest EPF statement from Organization. After leaving Organization A, i joined Organization B and worked till April 5th 2015 i.e. yesterday (5+ Years). Now i am joining Organization C. I am planning to withdraw PF from Organization B and i believe it is not taxable as i have worked with it for more than 5 years. Coming to PF amount being held at Organization A, can i transfer it to Organization C and then initiate a withdrawal, or should i withdraw it independantly – Please advice
Best Regards,
Sharath
Hello Sir,
Are you sure you want to withdraw? If you do not need money you can continue earning interest on it. Let compounding play its role.
You can withdraw from Organization B without paying any tax as you have worked for more than 5 years.
You can transfer the EPF money from organization A to organization C or withdraw from organization directly. I would suggest withdrawing from Organization independently.
BTW One can withdraw only after a waiting period of two months after resigning. The rules are that an employee should not be in employment for two months after resigning if he has to withdraw his P.F amount
Hi, I worked for a company in Delhi(an MNC) from March 2007 till January 31st 2015(7 years 9 months). The same company now has transferred me to take up work in Singapore.
I want guidance on what should i do with the PF?
1. withdraw it? if yes what are the tax implications thereof, if any?
2. If i keep it? what will happen to the money.
3. Finally, when I checked my EPF passbook online it shows updated till 09/07/2014. when will the update take place for the period form August 14 till Jan 15.
Regards,
K.Vinay
Hello Vinay,
We can understand your confusion.
Let me state some facts:
-If you withdraw now, as you have completed 5 years of service there will be NO tax implications.
-From last contribution to the EPF account the account continues earning interest till 3 years.
-Your passbook should be updated anytime now. As interest for the year has to be credited and shown.
So How long would you be working in Singapore? if your plans are coming back to India within next 3 years then you can leave the account as such and go.
Withdraw the money if there is a requirement or need for it.
Hope the answer helped.
I worked for an Org. for nearly 9 years and left the job in Jan 2015. Now after 60 days I want to withdraw the EPF. Below is the response from EPFINDIA (EE=264477 + ER=194311 as on 10-11-2014, Accounts updated up to 31-03-2014).
Query 1: Does the above amounts include Apr 2014 to Jan 2015(10 Months) Employee and Employer Contribution?
Query 2: When will the interest be added on the above amount. I need the exact date on which the interest will be added. Even today when I query for balance, it is still showing accounts updated on 31-03-2014 (last year)
Query 3: Will I get Last Year’s i.e. till Mar 2014 (EE + ER + Interest) + Current Year i.e. Apr 2014 to Jan 2015 (EE + ER + Interest)?
Please clarify. Thanks in advance!
I would suggest not withdrawing from EPF unless necessary.
From SMS it seems that the accounts are till 31-03-2014. So it would not have details about Apr 2014-2015.
I would suggest you get your EPF passbook. It will show all the information you require.
Regarding passbokL On 30 Nov 2012 EPFO launched e-passbook facility. The online EPF or EPF ePassbook is an online version of the employee’s provident fund account. You need to register at members.epfoservices.in to get the passbook. Or if you have UAN then also you can see the passbook.
EPF accounting year starts from March and ends on February but interest will be credited on April every year.
Your response was very much helpful. I have registered for ePassbook and I need to wait for 48 Hrs to get the passbook available. Thank you very much Kirti.
Glad to know that we were of help. It was our pleasure.
I got the ePassbook. I can see the complete details now. Thank You!
I had worked for a company from 2010 to 2013. I have since resigned and I am currently working abroad.
I am now planning to withdraw my EPF and EPS during FY15-16. With this withdrawal my income during FY15-16 will be less than the taxable limit. I had claimed 80c exemption on EPF in each year of employment
Considering this scenario, I would appreciate it if someone could clarify the following questions regarding my tax liability and declaration of the same on ITR1.
1. Will I be liable to pay any tax on employee’s contribution to EPF (for which 80c exemption had been claimed during previous years) even though my total income in the current financial year is less than taxable limit?
2. If answer to point 1 is yes, I recomputed my income in each of financial year (by reversing the 80c exemption claimed on EPF) and found that I would have been liable to pay tax only in the 2nd year of my employment. Would tax liability on employee’s contribution comprise of only this amount (from the 2nd year)?
3. Based on point 1 and 2 if I am liable to pay tax how would I declare this on ITR1? I understand that the employer’s contribution and interest on the same can be filled under Heads Salary and interest on employee’s contribution can be filled under Income from other sources on ITR1.
Any TDS deducted on the withdrawal or tax paid would automatically be computed as a refund on ITR1 (since my total income is lower than the taxable limit).
Is there a provision to declare the employee’s contribution?
I would appreciate it if someone could provide feedback regarding my queries.
And what is your query Sir?
Please refer to the 1st post in this chain. (March 29, 2015 at 11:39 PM) In that I described my scenario followed by 3 queries.
Please let me know if something is not clear.
Apologies Sir for delay in replying we missed the question somehow.
1. If you have contributed for less than 5 years TDS will be deducted and if your taxable income is less than limit then to ask for TDS deducted you would have to file Income Tax Return for refund.
As you have only contributed from 2010-2013 assuming you did not work in another company before this when you withdraw TDS would be deducted.
Tax on PF can be broken into three parts:
1. Total contribution by the employer plus interest (not taxed earlier) will be taxed under the head ‘profits in lieu of salary’.
2. You will be taxed on the amount of tax benefit claimed for your contribution of EPF under 80C.
3. Interest received on your own contribution to EPF will be taxed as ‘income from other sources’.
Hi Sir,
Can a present company transfer an employees previous pf amount to current current company Using by UAN number. If so or if not….. what are the procedures at present I would like to know. If a present employer can transfer easily of an employees previous PF amount to their current company…… Can they present company transfer the amount without any consent of previous company ?
I need as on date updates 26-03-2015
Hello Sir,
Till Oct 2014 every employee had a Provident Fund (PF) account number which was associated with the employer. Change of job meant another Provident Fund number. It involved transferring from one account number to another. Multiple account numbers have been a major area of concern as a majority of grievances of employees are related to transfer of funds from one account number to another.
To address this problem EPFO has launched a Universal Account Number (UAN) driven Member Portal to provide a number of facilities to its members through a single window. Member has to activate his registration to avail various facilities such as UAN card download, member passbook download, updation of KYC information, listing all his member ids to UAN, file and view transfer claim. It is a major improvement by EPFO.
How will UAN help you?
No need for fund transfer: Earlier, transferring EPF account from one employer account to another was a tedious process. But the UAN will do away with the need to transfer your funds at all. All you have to do is furnish your UAN and KYC details to new employer. Once the new employer verifies these details, the money from the older account will get transferred to the new account. But for old accounts (opened before the allotment of UAN), you still need to apply for funds transfer either in digital or physical form.
No employee involvement in withdrawals: At present any request for EPF withdrawal has to be signed by your previous employer and then sent to the EPFO. There would be no need for transfer requests as money lying at your previous account would automatically get transferred to your new account once your present employer verifies your KYC details.
So if you have a UAN number you can transfer your old EPF account to new employer. Our article UAN or Universal Account Number and Registration of UAN explains it in detail.
Hi Sir,
Can a present company transfer an employees previous pf amount to current current company Using by UAN number. If so or if not….. what are the procedures at present I would like to know. If a present employer can transfer easily of an employees previous PF amount to their current company…… Can they present company transfer the amount without any consent of previous company ?
Hi ,
I have currently working in pune. I have already resigned and going to start my own business.I heard that there is some new rule implemented by govt and we can’t withdraw amount from my PF account. My pf account is in Mumbai thane and I am working with this company from last 7 years.
Thanks in advance for your help.
Thanks Nikhil for your query.
It is considered illegal to withdraw from EPF if one is working. As you have left the job then you can start the withdrawal process after two months of leaving the job
I have worked incentral Govt organisation for 5 years. after that i resigned and joined in other PSU organisation. My PF amount is maintaining by Central Recordkeeping Agency(CRA, NSDL). I want to withdraw my amount. kindly suggest me in this regard.
From what I found out, Central Recordkeeping Agency (CRA) is the agency for the New Pension System (NPS). The NPS was introduced by Government of India for its new recruits (except the Armed Forces) w.e.f. January 1, 2004. More information on NPS is available at Wikipedia:NPS and NSDL:CRA
NPS scheme is structured into two tiers:
Tier-I account: This NPS account does not allow premature withdrawal and is available from 1st May, 2009
Tier-II account: The tier-II NPS account permits withdrawal.
As NPS is different from EPF different rules would apply. Please us know if you know something different.
I have worked in a central government organisation for 5 years. I resigned and joined in some other organisation. My PF amount is maintaining by central Recordkeeping agency(CRA, NSDL). I want to withdraw my PF amount. Please suggest me in this regard.
Very Nice Article !!
Please suggest what should I do? Here is my situation:
I worked for HP Bangalore for 4 years (HP maintains HP’s PF Trust), after that I left HP and did Full time MBA (Duration- 2 years). Now I joined a new company in Gurgaon which created my new PF account with Govt. EPF.
Since my amount is still with HP’s Trust(This is 6th Year), should I transfer my amount to new PF account?
Or Should I withdraw PF amount?? In the case of withdrawal, will my amount attract taxes as I completed only 4 years with HP( For exclusion of taxes it is mandatory to complete 5 year membership with trust) or Zero taxes as I completed 6 year of membership (4 years job + 2 years MBA)?
Since I skeptical of EPF transfer from one company to another ..it takes hell lot of time and then also no guarantee that your amount will get transfer and what happen if I switch to one company to another ..all the time my money will be stuck..
Thanks Deval.
As discussed in our article Withdrawal from EPF,EPS
In case you are a member of recognized provident fund it depends on if contribution is over 5 years or not, including transfers from different companies. For ex: an employee who has worked with X company for say 3 years, then he resigned from that organisation and joined Y company, wherein he worked for 2 years, then resigned from there to join establishment for 2 years but during these 7 years of service he has not withdrawn but transferred his Employee provident fund, then we say continuous service of 7 years.
So you would have only 4 year of membership.
Don’t be so skeptical of EPF transfer, with automation it is getting faster and transparent.
Hello,
I am facing a serious typical case of PF withdrawal. I had left my previous organisation in July 2011 and submitted PF withdrawal form for the same. From last 7-8 months company is telling me that the form is in process, but now I came to know that in my account, they had deposited some other employee’s amount, because of which I cannot withdraw my amount.
Can some one please help me in this. Now what should I do to rectify this problem.
It seems RTI is one of the alternative that you can try.
As mentioned in EPF article,
Jagoinvestor article on RTI for EPF Withdrawl and Transfer issue (Mar 2012) talks about how one can file a RTI(Right to Information) if one is unclear about what your EPF status is or if one’s EPF transfer work has even started? Why did one’s EPF money still not credited in bank account etc etc… You can ask all these questions and you should be getting the 100% right and clear answers within 30 days.
Please go through the steps in detail if interested in filing RTI.
Best of Luck – Hope you are able to withdraw your EPF. Please let us know about your actions and status updates, as help for readers.
Hello! I just now would want to give a large thumbs up for your great information you may have here during this post. I’ll be returning to your blog to get more detailed soon.
Thanks a lot for encouraging words. We shall look forward to your comments on our blog.
Hi
I worked in one company in Bangalore from Nov 2008 till March 2010.In April 2010 my company transferred me to its sister concern and their they created a new account.My new company themselves initiated the PF transfer process. My admin in the first company informed me in march 2011 that my pf amount got transferred to new account.When I checked my PF balance in old account i got the message that my account is settled.Then i checked the claim status of my old account, it shows that transfer for account got approved.In May 2011 i left my second company and in may 2012 i submitted the application to withdraw my PF. within 23 days i got the message that amount is credited in my bank account. But the amount that got credited was much less that what it should have been. From the details i have, i understand that they have only credited amount only from my second company. Whatever i transfered is not credited.I checked the claim status of my second account.i could see 2 claim ids. one is for withdrawal which says it is approved and the other for trasfering to new account it says it is under process. Please let me know how to proceed to get my full amount.
Rajesh sad to hear about your EPF withdrawl status. You can contact your earlier company to get the details of what happened – the transfer process takes time.
You can also try registering the complaint on EPFIGMS – the grievance website of EPF.
You can also try filing RTI Jagoinvestor article on RTI for EPF Withdrawl and Transfer issue
Best of Luck – Hope you are able to withdraw your EPF. Please let us know about your actions and status updates, as help for readers.
Hi, i just want to know that i left my service in 2006 and i have not submited my pf form and even not take my seetlement from company but after 6 years i give call to ex-employer for pf they says they do not have any record and u will not get pf. pls suggest me is any other way to get pf after 6 yrs and getting stamp from employer
Sad to hear about it. Maybe you can use RTI .
I had worked in a company in Mohali for 6 years and my PF was getting deposited in Chandigarh PF office. I left the Mohali job in July 2010 and joined a company in Noida same month. While joining new job, i choose to transfer the PF account. I filled all the forms in new company and the finance person of company told me that a new PF account will be created with Delhi EPF office and my transfer form is sent to PF office. I was getting the salary from my Noida company and PF was getting deducted from salary.
Due to some reason, i have to leave the Noida job on August 2011 and i started looking for new job in Gurgaon. I joined a new company in Gurgaon in Nov 2011 and again choosen the option to transfer the previous PF balance.
I come to know that i can check my PF balance online. So i checked and found that my Chandigarh PF account is still there and not transfered to Delhi PF account (noida job). So currently i am having 3 different PF account, one in Chandigarh (my first job), second in Delhi (second Noida job) and third Gurgaon one.
What is best for me. Please advice
Please consolidate all your EPFs to one. Contact finance dept. of your current job with all the details and they would help you. For they would be submitting the forms for EPF transfer.
We would be obliged if you can update our readers on what you did.
I have filed an E-ticket in the company and i got reply:
Dear Munish,
Thank you for raising E-Ticket.
We will not be able to check transfer amount as the PF dept doesn’t entertain third party.
Hence request you directly contact PF dept directly.
Thanks Munish for getting back to us.
Your company rightly said that will not be able to check transfer amount as the PF dept doesn’t entertain third party. You yourself has checked for your Chandigarh account.
You should raise the ticket for transferring the old EPF accounts to your new account.
I have asked about the status of my Form 13 in my current company. If they have forwarded the same. Also i have logged an grievance in EPFIGMS
Thanks a lot for updating us Manish. Hope you hear from EPFIGMS – the grievance website of EPF. Keep us posted.
I am migrating to another country. I have completed 5 years of service with my current employer. I plan to withdraw my PF after a year (hopefully dollar will cool down a bit by then). Will my PF withdrawal be tax free at that time even if I have moved out of India this year? My company has a trust PF account. I am not leaving the company. I have managed to get a transfer to my company’s office in my new adopted country.
Zaid technically it is illegal to withdraw from EPF if one is employed. But we have seen that people are able to withdraw after submitting application after 2 months of leaving the service.
If you have worked for 5 years then your withdrawl will be Tax-free.
Please check with your company’s finance dept. and update us. Our readers and we will appreciate it.
Withdrawal Of EPF- i was working with Delhi Public School,Nerul,Navi Mumbai from 2006 June to November,2007.I resigned the job by November and now settled in Hyderabad, A.P.The DPS,Nerul said my EPF amount has been credited and check your bank account. Found no amount has been credited via cheque from EPF. Office.When i approached the EPF-Office Washi, gave some details of cheques that have been credited. From the details given it was notived that the Bank account number was not the correct one and this may be the reason obviously the amount has not been credited and not sure it is the mistake of EPF Office or DPS,Nerul management.How everit’s been 5 years now and I have not received any amount till date.N number of request applications through cowrier, registered post email have been sent to both of them. I do not know my EPF account number also as it is been maintained by the School.
Kindly suggest what can be done, who wpuld be the right contact to approach for this issue.
Sorry to hear about your experience Vasantha. I am not sure what steps you can take if the money is transferred and EPF account is closed and you do not even know your EPF number.
You might try the RTI act. Link at jagoinvestor might help.
You can learn something from the mistake- Please get all the details related to finance.
Please keep us updated about your action!
Hi,
I have worked in a company for 22 months and will be going for higher education for 2 years. I have 2 queries :
1. If I withdraw the PF now and TDS is deducted, even though I am unemployed, my earning this year wont cross the 2 lakh limit by much, so can I file a return and get the refund ?
2. Also, as it is mentioned, that one should be in service for 5 years. Now, if I dont withdraw the PF, and it is dormant for 2 years when I am studying, will these 2 years also be counted in the 5 years ? Or do I need to be employed for 5 years ?
Thanks.
1. Yes you can file a return and get refund. Please check that if you have claimed some 80C section on EPF that might get reversed and you would have to pay tax on it.
2. But logically speaking you should be able to transfer your dormant account or make it active and these 2 years would BE counted.
It’s better if you also talk to your company Finance dept and a Charted Accountant. In any case it would help our readers if you could update us with your findings.
Hi
I am leaving the company after around 3 years of service, for higher education and will be joining a new job after roughly 2 years.
My query is can i keep the amount with my current employer and transfer it when i join my new job??
EPF account becomes dormant after it is non-operative for 36 months and above, Then, as per rules effective April 1st 2011, all EPF accounts which are dormant will stop incurring any interest.
So if you are going away for only 2 years don’t withdraw.
Ref:A dormant EPF will Not Earn Anything,
Investment bazaar: EPF account inactive – What should I do?
This is our understanding based on what we have read but in case you find contrasting view please do let us know.
Can i withdraw my pf amount for my grandfather operation purpose in the period of servicing present company.
For,this purpose some body help me.
Sorry to hear about your grandfather operation. We shall pray for him. You can ask your company to give some advance on your income.As per EPFO Chennaione can take loan against EPF Under Para 68-j of the Scheme Whenever required for treatment of self or family( spouse, son, daughter, dependent father, mother).
Please read EPF:68 J : ADVANCE FROM FUND FOR ILLNESS also
Will they allow for grandparents I am not sure. Please ask your company’s Finance dept.
Hi,
I joined in a company X on 2008. Another company Y acquired X on 2011.
Company Y created new PF account for me. Now I have 2 PF accounts. Now my company Y asked me to transfer PF account from X to Y.
I have planned to change the company now.
Overall I have PF account for 4.5 years only. So if I withdraw the money then I need to pay tax.
I have questions:
1. If I change my job immediately to company Z. Can I directly transfer my both X & Y account to Z?
2. Or else should I transfer account from X to Y and then Y to Z?
What will be your suggestion?
Thanks,
Niresh
Our suggestion is transfer both the accounts to Z. No need to go through X to y and then Y to Z.
Quoting from similar query at policywala
If you’ve multiple PF accounts, there is a provision by which you can club the PF money from all your previous employer’s accounts and transfer the same to your current employer PF account number through ‘Form 13’. Example – Mohan worked in three companies — X, Y and Z — before joining current employer, W. Mohan will need to submit three separate ‘Form 13’s (for previous employers – X, Y and Z) to current employer, W. The current employer W will then get accumulated PF balances transferred to current PF account number being maintained with W.
Niresh please keep us updated so that other reader benefit!
Hi,
I have left my old company 1 yrs back and now planning to transfer my pf amount from old company to new company i have heard that it takes about 6 to 8 months to transfer PF amount i have one simple Question what will happen to my transfer request if i leave the current company also before the amount is transferred to my current pf account but request for transfer is processed by current company will it still get transferred or request is cancelled.
Thanks in advance.
Vinesh Now with use of technology it is fast (some even have got in 2-3 months). For an EPFO office your account is with a particular company till it is closed or withdrawn. If you leave the current company the transfer would still get through.
Hello,
Thanks for your wonderful post. Its exactly what I was looking for! But I have a small question for you, if you have the time.
I resigned from my previous job last year. About 2 months ago, I submitted my PF withdrawal forms at the PF office in Bangalore. Yesterday I got my PF money, but I noticed that its lesser than what I had estimated, After some rough calculations, I found out that the Pension fund money has not been credited.
I checked the photocopies of the forms again, and to my horror, I found that the bank account number in the pension form (Form 10C) had missed a digit, and thus invalid. As you mentioned above, in this case, I should resubmit the form.
So now, my question to you is, should I submit both the EPF form (Form 19) and the Pension Fund form (Form 10C), or just the form 10C since I have already got the money for EPF? Because the EPF form had the correct account number in it.
Thanks Alok. I must congratulate you for smart move of having photocopies of the submitted form. And congratulations for getting it in 2 months. I am still struggling in getting mine 🙁
Coming to your question, submission of form 10C only should be required. But it’s best to check with the HR dept of your ex-employer. Please keep us updated as it might benefit other readers.
I went to the PF office at Richmond Circle in Bangalore. They instead gave me a new form called a re-authorization form in which there are fields to fill up for the correct bank details. It also needs to be attested by my previous employer. He also told me that only this form with a cancelled bank account cheque needs to be provided. No need to resubmit the forms again.
Thanks a lot for sharing with us. We really appreciate it. You are in Namma Bengalru -that’s good to know.
Good to see that you took the action. Hopefully you will be rewarded soon!
Googled and found that Reauthorization form needs to be submitted when the bank account number mentioned in form is Invalid as was in your case.
Could you let us know atleast what you filled in . If you could tell us more about the process others we would be obliged.
Ref:citehr
1) What details need to fill in reference section (e.g. intimation No.)
2) what need to be fiilled in the sentence “AG under copy to the undersigned”.
The form is pretty straight forward for the bangalore PF office. I never had to fill the details you have mentioned. (maybe they have different forms?) You have to fill up the PF account number that is already known. And of course the correct name, bank address and account number with the seal and signature of the employer who attests to verify your signature in this form which is mandatory. The official there told me that they will fill up the rest of the columns.
Thanks a lot Alok for sharing. Just be careful of them filling rest of columns..
I did the same and in EPS withdrawal form they check want pension certificate. As I did not meet the criteria(service less than 5 years and age less than 50) my application got rejected. Had to submit another form!
Hi
I have worked in a giant mnc for 5 yrs.I have resigned in 2012 and joined in a smaller mnc with a better salary. I have almost 8-9 lacs of epfo deposited in my old company epfo account.
My question is should-
1)I transfer my epfo or should i withdraw the money and put the money in a Fixed deposit.
2)I am scared that probably it is easier for me to withdraw my epfo from a bigger company than a smaller company?
3) If i didnt withdraw the money but transferred the money in my new company and then I die will it be easy for my family to get that money?
Kindly suggest my queries.
Aniruddha
Very thought provoking questions and I can understand your confusion. I don’t think size of the company matters in withdrawing from EPF. Though logically it should not be difficult to withdraw money by family after one’s death but as government is involved We never know-how much time would they take? But with EPF moving the online way I think soon that would get streamlined.
I tried to place myself in your shoes to come up with a suggestion. One question I have is how many more years do you intend to continue working? For 8 to 8.5% tax free return is a good investment procedure with bonus of employer’s contribution too. If young (less than 50) I think I would transfer the EPF account.
Hope we have been able to help you. Please keep us updated about your decision and how difficult it was to withdraw or transfer money from EPF?
Hi
Mrs.Anirudha roy, its better to claim your pf amount and fix it in your bank, and join in small mnc for new epf a/c
I had resigned from a job in 2005, & joined business for 2 yrs after which i rejoined a job in 2007. recently in 2011, i resigned & joined another job.
I had not transferred my EPF from my companny in 2005 till now.
can i do so now, as i’ve to transfer funds from 2 accounts.
Pls advise…
Best Rgds
Rajesh
Chennai
Yes Rajesh you can do so and Should do so ASAP. Quoting from citehr.com
An Employee can have more than one PF accounts, But it is always recommended to transfer your amount to new PF account from previous one instead of withdrawing.
Please keep us updating.
Hi,
Very nice post.
Say I left company X on 2010 (acc with EPFO)and joined company Y (acc with company’s own trust). Now on 2012 I joined 3rd company Z (acc with EPFO).
Now I have 2 question ..
1. Could I have transfered my EPFO (of X) to company Y’s trust, any time say mid of 2011?
2. As EPFO acc(of X) stopped, now after joining Z, Can I continue with same EPFO (of X). Or should I open New EPFO acc (at Z) and transfer all from earlier EPFO acc(of X) and trust acc (of Y)?
Thanks!
Thanks Debayan.
Q1: Could I have transfered my EPFO (of X) to company Y’s trust, any time say mid of 2011?
Yes you could have transferred your EPF in mid 2011
Q2:As EPFO acc(of X) stopped, now after joining Z, Can I continue with same EPFO (of X). Or should I open New EPFO acc (at Z) and transfer all from earlier EPFO acc(of X) and trust acc (of Y)?
As EPF account is associated with the employer a new EPF account gets opened on joining a new organization.
You can transfer from your earlier EPFO account of X.
Regarding Trust account of Y it’s best you speak to your HR or Finance dept of Y company.
I hope you know why you are hopping jobs. After a particular time HR doesn’t look Job hopping kindly.
And when you are changing your jobs you are taking care of your old salary account and tax liability as we mentioned in our article Changing Jobs:Take Care Of Bank Account,Tax Liability
My Question is whether we can withdraw the pension along with epf when we leave a fir?
Yes one can withdraw Pension along with EPF if one has less than 10 years of continuous service.