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Friday, April 26, 2013

All Your Questions about Employee Provident Fund - Answered!!!


In the past few articles in our blog, we had taken a detailed look at the Employee Provident Fund Scheme of India. After reading it, I am pretty sure you would have a number of questions that come up in your mind. The purpose of this article is to try to answer all those questions.

If any of your questions arent available below, please feel free to leave a comment and I would be happy to answer them...

1. Is it Compulsory for the all the employees to contribute to the Employee Provident Fund?

Yes. Anyone who is an employee of an organization that is Registered with the EPFO, has to contribute towards their respective EPF Accounts.

PS: An Employer and Employee can come to a consensus and opt not to contribute EPF if the employee's salary is above Rs. 6500/- per month. However, the employer would have to convince all other employees to agree to this because the employer cannot opt to contribute the employer portion of EPF to one employee and not do so for the rest. So, technically speaking, it is not compulsory but it is in all practical cases.

2. Can I Nominate someone to receive the proceeds of my EPF Account?

Yes. Each member has to make a nomination against their EPF Accounts, to receive the amount accumulated under it, in the event of his/her death. Usually it is the Spouse/Children for married individuals and Parents for unmarried people.

3. Can I Nominate my Brother or Sister or any of my In-Laws for my EPF Account?

No. Only Spouse, Children and Parents can be nominated as receivers of the Proceeds of our EPF Accounts.

4. Can I Nominate more than one person?

Yes. When you nominate multiple individuals, you need to mention the % share each individual must receive. If that is done, the amount will be distributed accordingly.

5. If one does not have any family, what are their options?

If an individual has no family he/she can nominate any person or persons of his choice but once they subsequently acquire a family (Marriage) such nominations become invalid. The invidual has to make fresh nominations of one or more persons belonging to his/her family.

Ex: Let us say Mr. X was brought up in an Orphanage and has no family. He finished is studies and joined ABC Private Ltd. as an employee and opened up his EPF Account. As he has no immediate family, he nominated his best friend Mr. Y against his Account. After 5 years, X fell in love with Z and eventually married her. As a result, his earlier nomination of Mr. Y became invalid and he has no choice but to nominate Z as the receiver of his EPF corpus. In future if X and Z have kids, X can include his kids too as nominees.

6. When does an employee become eligible for the employee pension scheme?

For an employee to become eligible for Pension fund, he/she completes 10 years of continuous service.

7. Does the 10 years of continuous service refer to - working in the same company?

No. 10 years of continuous service refers to keeping your EPF Account and EPS Accounts open and active for a period of at least 10 continuous years. Let us say if you switch your job from Company A after completing 7 years of service to Company B, you need to transfer your EPF and EPS Accounts to your new job. If you do so, after 3 more years, you will satisfy the 10 continuous years criteria. In case you opt to withdraw your accumulated corpus, you have to start afresh in company B and work for 10 more years to be eligible for EPS.

8. Do contract staff need to open an EPF account?

No. The EPF account is only for permanent staff of the company. Contract staff, Temporary staff and other people who arent on the permanent payroll of the company are not covered by EPF

9. Can I withdraw my EPF money anytime I want?

Yes. However, you need to satisfy a few conditions in order to be eligible for withdrawal. Read the article titled Can I Withdraw Money from My Employee Provident Fund (EPF) Account? to learn more about this.

10. Can I withdraw my EPF corpus when I resign from my Job?

Yes and No. Actually speaking it is illegal to withdraw your entire PF corpus when you switch jobs if you are going to join your new job within 2 months of resigning from your current job. Many people manage to withdraw their PF corpus when they switch jobs and join the new company immediately. Though it is possible, it is actually illegal and has to be avoided.

When you move from one job to another without taking the 2 month break as stipulated by the law, you need to get your PF Account transferred. Read the article titled Can I transfer my PF Account to my new Employer? to learn more about this.

11. Is PF Withdrawl Taxable (In case of withdrawal of the entire corpus)?

Yes and No.

If you are withdrawing your corpus after at least 5 years of continuous service, the amount received is not taxable.
If you are withdrawing your corpus before complete 5 years of continuous service, the amount received is fully taxable. The amount received will be added to your total income for the financial year and taxed according to the prevailing tax slabs.

12. How long does a usual EPF Withdrawl take?

Usually the processing time is around 2-3 weeks but in reality you will receive the money only after around 90 days. The reason is because - your previous employer cannot submit the withdrawl request until 60 days pass after your last date with them. The EPF office takes another 2-3 weeks and eventually you will get the money around the end of the 3rd month.

13. How will I receive my EPF withdrawl money?

Earlier people used to receive Postal Orders or Demand Drafts. These days people are asked to submit their bank details and the money is credited electronically (Through ECS)

14. How will I know the current accumulated EPF corpus?

Most large organizations generate EPF Account statments on a regular basis (Once a quarter or once a year) and share the same with their employees. One of my old employers in India, had an intranet website where I could login and check my running EPF corpus value on a monthly basis. Alternately you can visit your nearest EPF office and find out your EPF balance by submitting your EPF Account number along with your identity proof.

Recently, the EPFO has launched a website where people can check their balances online. Pls refer to the article titled Breaking News for EPF Account Holders in our blog for details on how to check your EPF Account balance online.

15. What is the minimum number of permanent employees an organization must have, in order to open EPF accounts for its employees?

At least 20.

16. What happens if, a company had more than 20 people and registered with EPFO but at some point in time in future, the number fell below 20?

Any establishment which has been covered under the Act once shall continue to be governed by the Act even if the number of persons employed by them at any time falls below 20.

17. Are Trainee employees covered under the EPF Act?

Yes, a trainee would be considered as an employee as per the Act but in case the trainee is an apprentice under the Apprentice’s Act then he/ she will not be considered as an employee.

18. What are the details I need to know in order to view my EPF Balance online?

You need to know your Employee Provident Fund (EPF) Account Number, Name (As per in EPF Slip/Statement) in order to use the online facility. First you need to register and then you can view the details.

19. What can I do, if my PF withdrawal or transfer request is stuck and is not getting completed?

The EPF Organization has a Grievance Redressal Mechanism in place. You can submit an online complaint and you will get a response within 30 days. Refer to the article "EPF Grievance Redressal" in our blog to learn more about how to get our grievances addressed.

20. Does the EPF Organization come under the Right To Information (RTI) Act?

Yes. All Government organizations, including the EPFO fall under the RTI Act. Refer to the article about EPFO and the RTI Act by clicking here

21. What would happen if my Employer fails to remit the EPF contribution (Both employee and employer share) after deducting it from the employees salary?

Deducting EPF from an employees salary and not remitting it to the EPFO is considered a Criminal Offense. If found, the regional PF Inspector can even arrest the employer.

22. Could the employer be punished in case the remittance of contribution by him is delayed in a Bank or post office ?

No. The Employer cannot be punished or penalized in case there is a delay in the remittance of the contribution on account of delay in Bank or post office.

23. Can I contribute more than 12% of my Basic Salary as PF?

Yes, you can. It is called "Voluntary Provident Fund or VPF". Any additional money (beyond the minimum 12%) you wish to accumulate in your EPF Account must be contributed via the VPF scheme. The money will earn the same interest as the EPF contribution and is subject to all rules and regulations that are applicable to EPF. Remember here that, any additional contribution you make will not result in an equivalent contribution from your employer. The employer's share of PF contribution will be limited to 12%

24. What is the current prevailing interest rate offered on the PF accumulations?

8.6% Compounded on an yearly basis. You can take a look at the Historic Interest Rates Offered on EPF to know how the current rates fare in comparison to history.

If you have any more queries about EPF please feel free to leave a comment in this article and I will be glad to answer them...

183 comments:

  1. Hello Sir,

    I have a question.
    I have my Provident Fund with two of my last organisations now I have got a new job so, can I transfer both of my existing PF to my new Organisations PF? If Yes, How ?

    Regards
    Akshay Sabharwal

    ReplyDelete
    Replies
    1. Yes, you can transfer both PF accounts to the new company PF account. Read this article - http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      You will get the info you need to do it. You will need to submit two transfer forms and for both forms the destination account will be your new account. That is all.

      Anand

      Delete
  2. I worked in Org from Oct-2012 to Jul-13 and deduction for pf 780/- per month from my salary and equal amount shall be paid by employer .

    After calculating total amount shall i get 15600/-. Instead of 15600 i got only 5043 as mentioned above.

    ReplyDelete
    Replies
    1. Hitesh,
      I think there is some mistake here. Firstly your full money doesnt go into PF. your contribution Rs. 780 goes fully but your employer contrib goes into PF, gratuity, EPS etc. Read the "A Sample Calculation - Of How Your EPF is Split Up and Saved: " section in the following article: http://anandvijayakumar.blogspot.com/2013/03/employee-provident-fund-demystified.html to understand how the money gets split up.

      Coming to your problem - I think you should have got a least 7800 or more since you worked for approx 10 months. Talk to your employer and try to get a statement for your PF Account or visit your nearest EPF Office that processed the withdrawal and try to find out what was missing. Are you sure the PF deduction was 780 for employee share and 780 for employer share?

      If 780 was the total deduction (Including both your and employer share), then if we consider deductions for EPS, gratuity etc, the 5043 that you got sounds about right.

      Anand

      Delete
  3. Hi
    i am leaving the current job and joining in new job and want to withdraw the pf amount and open new account in new company so that what happens to the amount transfered to pension fund account(is that will be transferd to my new account or it becomes null as i am closing the account)

    ReplyDelete
    Replies
    1. Anonymous,
      First of all, you can withdraw the PF money only if you are going to be unemployed for at least 60 days between your two jobs. If you are going to join the new job within 60 days of your last day at your old job, you need to get the PF money transferred.

      Read this article about Transfer of EPF: http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      About EPS: You need to get something called a Scheme Certificate when you switch jobs. Read this article about the EPS scheme: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  4. hi
    My name in the pf slip appears incorrect. What is the procedure to make correction.
    I have an pf account which is inoperative for more than 3 years and I want to transfer to new pf account;kindly suggest me the procedure for the same

    Jyoti

    ReplyDelete
    Replies
    1. Hi Jyoti,

      1. Talk to your employer (Who opened the PF Account for you) and ask them to correct the mistake.

      2. Contact the employer for whom you were working when this inoperative Pf account was actually operative. You need to initiate the transfer procedure through them. Read this article about Transfer of EPF: http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      Anand

      Delete
  5. Hi,

    I have worked with organization A from 2002 - 2004. Organization has its own PF fund. Tax Slab - Not is tax slab for most part.

    Then moved to organization B from 2005 to 2006. This organization had no PF component. Strange as my CTC was over 3 Lakhs. Tax Slab 10%.

    2007 -I took an education break

    Worked with Organization C from April 2008 - June 2008 and continued education break. Tax Slab - 4 months salary Only. So not taxable.

    Worked with Organization D from Feb 2009 to August 2011. Tax Slab - 20%

    Working with Organization E from September onwards.

    I have not transferred PF from any of the previou employer. Please share if I do now transfer from all employers A,C,D to E, will that be treated as 10 Years Employment.

    ReplyDelete
    Replies
    1. Anonymous - Yes, you can transfer the unwithdrawn corpus from all of those previous employments into the current account that is active. Read this article about the same: http://anandvijayakumar.blogspot.com/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      There is no relationship between tax and the possibility of transfer. If you successfully manage to transfer all of those PF accounts into your currently active account the duration will be only for the duration when your PF Account was active. It does not go from 2002 to 2013. You had gaps in employment and so, whatever is the gab - that wont count.

      You worked 2 years for Org A, 3 months for Org C, 2 years and 6 months in Org D and now with Org E. So, once all of these PF accounts get transferred, your PF Account will be close to 5 years old (You havent specified the exact months for your Job A)

      Whatever gaps you had or in job B where you had no PF, will not count towards the age of the PF Account.

      Anand

      Delete
  6. I had resign my job three and half year before can i withdraw my old pf

    ReplyDelete
    Replies
    1. Hi Ravi - If you are currently unemployed you can withdraw the old PF money. If you are currently employed in any company that has PF facility (In other words - if you have a PF account now) then you need to get the money transferred.

      Read this article - http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      It will give you more details.

      Anand

      Delete
  7. If I withdrawl my EPF as well EPS amount after 5yrs of service, then could i get my whole/corpus EPF (employee contri.+employer contri.) & full EPS amount . What amount of EPS i will get. Plz provide me example for same.

    ReplyDelete
    Replies
    1. Abhinav,
      See this article about EP - http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      I have explained about how much you will get in case of withdrawal.

      Reg. EPF - Yes you will get the employee contrib + employer contrib + interest that has been earned over the past 5 years.

      Anand

      Delete
  8. Hello Sir,

    I left my previous organisation within one year and applied for EPF through employer.I received some amount in my bank account.
    Question:shall I get back my accumlated EPS amount?
    If yes then what is the procedure?
    If not then what would happen to that amont.

    Regards,

    Debasis Pati

    ReplyDelete
    Replies
    1. Hi Debasis - The form to withdraw EPS is submitted along with your EPF withdrawal forms. Talk to your employer and check if they submitted the EPS withdrawal request as well.

      If the form was submitted - you will get 1 month of your basic salary. EPS withdrawal is not based on the corpus accumulated in your account but is based on no. of years of completed service. For people less than 1 year service, the request may get rejected as well.

      Read this article about EPS - this will give you more details: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  9. Can i withdraw voluntary amount accumulated in PF separately while applying for House purchase loan, as i have a sizable amount collected in it?

    ReplyDelete
    Replies
    1. Are you asking about the VPF contributions you made? No, you cannot separately withdraw jus the VPF money. You need to follow the standard process. The moment the money gets deposited into your PF Account, it is treated just like your PF Account balance.

      Delete
  10. How much time it will take to settle amount when Claim form is approved and payment is under process...?

    ReplyDelete
  11. Hello anand sir,
    When loan holder or guarantor are unable to make payment of loan, the banks sieze the property, bank savings a/c, fixed deposit a/c's etc. to recover money.
    My question is how banks come to know about the property, bank a/c's etc. Do they collect or demand or ask both the loan holder and guarantor to provide the entire information about all the assets like bank a/c, property etc. through bank statements, fd statments, original property papers while providing loan or signing loan agreement, or they come to know about it after wards?
    With regards,
    Ganesh.

    ReplyDelete
    Replies
    1. Ganesh - When you take a loan or be a guarantor - you will submit original documents of your assets like property or FD to actually get the loan and sign over the power to the bank to sell those assets in case you do not repay.

      In case your assets were not handed over, the bank will initiate a criminal case against you where the police will search and identify any property belonging to you and then the bank will take possession of the same.

      Delete
  12. Hi Anand,

    I have submitted my PF transfer application FORM 13 around the first week of April 2013. I lodged a grievance to know about the status of my application and got the message as below
    'It is informed that the claim was returned on 24.6.2013 since Non contributory period (Break In service) was not furnished'
    I did not understand the message as I have submitted application for PF transfer and there is no Break in Service and I am wondering where I should furnish that. It will be great if you could provide more information on this.

    Thanks,
    Ramkumar.

    ReplyDelete
    Replies
    1. Ramkumar - I believe the problem here is that there is some confusion reg. the two PF Accounts. Did you initiate the transfer from company A that you left into the account opened by company B where you are currently working?

      If there is any problem, visit the nearest PF office and check with them about how/what documents to submit. They can help you

      Anand

      Delete
  13. I had applied for PF withdrawal while leaving my previous company in Pune .I had mentioned account number from ICICI Bank .Then during job change i came to Mumbai and closed this bank account.Now since i have don't have account in ICICI how can i update my new account detail and get my money.Please help !

    ReplyDelete
    Replies
    1. Pooja - You should talk to your old employer and check the status of the withdrawal request. It would've most likely failed. So, you will need to resubmit a withdrawal request. When you resubmit make sure that you keep the account open until the money is received.

      Delete
  14. How do i know whether amount in my PF account with Ex employer is transefered or not? while joining the present Organization i have filled a PF transerfer form. I am working with current employer since 20 months. How can withdraw all ( ex PF + current PF) PF money if i join a New Organization ?

    Thanks in advance
    Ravi C G

    ReplyDelete
    Replies
    1. Ravi - You can ask for a statement from your current employer and you can see the balance which will also include the money from our prev employer if the transfer finished.

      Yes, if you resign from your current job and will not take up any other job for at least 3 more months you can get the money withdrawn. If you will join a new job, you need to get the money transferred only.

      Delete
  15. hi.. need to dowmload my passbook. whre i left the job in 2010. when i enteted the pf number it saykng that only past 6 months data abailable. in this case how do i get jy e pass book for theperiod 2005 to 2010.

    ReplyDelete
    Replies
    1. Jithu - You can only download the passbook for active pf accounts. For old accounts you need to contact your employer who can give you a statement for the period.

      Delete
  16. If I am leaving my Organization before five years and not joing any new job. Is is mandatory to settle my PF account with my Company? What are tax implications involved?

    ReplyDelete
    Replies
    1. Yes you need to get your account settled. The amount you get after withdrawal is fully taxable. It will be added to your total annual income for this financial year and then taxed according to the tax slab you fall into.

      I just wrote a new book about Indian Income Tax and it is available for purchase. Check this out: https://www.distribly.com/product/1688?aid=15702

      Anand

      Delete
  17. (1) what is the minimum period to work in a company or enterprise to get experience certificate.
    (2) Do pvt ltd company or enterprise both issue experience certificate when we leave the job.
    (3) what if the enterpreneur refuse to give experience certificate, is there any law against it.
    (4) If we provide a bond of 1 year of working and we decide to leave the job before it,but after completing minimum period. Is it the duty of enterpreneur to issue experirence certificate.

    ReplyDelete
    Replies
    1. 1. Even if you work for just one month, if you resign and get relieved properly, you need to get the experience certificate
      2. Yes
      3 and 4. You can consult a lawyer who specializes in labor laws to get it solved. Yes, you have the right to get the certificate as long as you served out the bond which you signed and the requisite notice period as stipulated in your employment agreement.

      Delete
  18. Hello Sir, My sister want to get her PF amount, but she do not have a Cheque leaf with her. Shall I give my cheque leaf to get the PF amount. Please advise

    ReplyDelete
    Replies
    1. No. the cheque has to be from a bank account that is owned by the person who is withdrawin the pf money. Ask your sister to open a bank account and request a cheque book. Only then the withdrawal money will be paid out

      Delete
    2. Thanks for your reply

      Delete
  19. Dear Sir,

    I require some guidance.

    I joined my current employer in 2011 who has PF account in RPFC Bandra. Previously I worked in two other companies, one with RPFS Bandra and other with RPFC, South Delhi.

    I had applied for transfer of my PF balance from both to my current PF account.
    1. There is an issue with the transfer from RPFC, South Delhi to my current PF account in RPFC, Bandra
    2. As per my previous employer the claim has been settled and an annexure K and cheque has been issued for the same. Within 6 months of the transfer the online status says that transfer claim was processed.
    3. I have checked the online status of the same South Delhi account number right now and it says - "The account is settled".
    4. However, my current employer says they recieved only the Annexure K but no cheque for the same.
    5. Therefore, the balance is still not credited to my current PF account.
    6. I put in a grievance request online with the claim ID and got a response which wasnt even pertaining to my case!
    7. I am not getting much help from my previous employer, though the tranfer request was duly endorsed by them.

    Please guide me about:
    1. Who should I talk to to check why this cheque hasnt come? Should I check with RPFC, Bandra?
    2. What could be the reason for this? IS the cheque lost in transit, in which case it should have gone back to RPFC, Delhi right?
    3. Is there a chance I will lose this money?
    4. Should I give the transfer request again?

    Thanks in advance for your help.

    Regards,
    Maya

    ReplyDelete
    Replies
    1. Hi Maya - No, you will not lose your money. If the cheque was lost in transit, you can reach out to RPFC Bandra with proof that the cheque was not received by your employer into whose PF Account you initiated the transfer.

      You can re-intiate the transfer if you can prov that the money was not received. Try raising a grievance or try an RTI.

      Delete
  20. Hi Anand,

    I did the PF transfer from my First Company (own PF Trust) to the Second Company(under RPFC Kandivali mumbai) and received the PF amount.
    But there were not entries for EPS amount in the transfer amount section. I have document from my first company which shows they contributed to EPS, how will I claim that amount. My first company was not responding to my mails. I worked there for 42 months. Kindly suggest.

    Thanks,
    Saroj Kumar

    ReplyDelete
    Replies
    1. Saroj - EPS Money does not get transferred like EPF. You need to get a scheme certificate and transfer the EPS benefit to the new company. Read this article for more details - http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Delete
  21. We are established in 2008, and now we would like to register with EPFO, Do we need to pay for the previous years as well.

    How do we categories Permanent & Contracted Staff in a organizations.
    If an employee is paid 15000 do we need to pay PF for 6500 or total 15000
    If an employee is paid 15000, is it mandate to register for PF
    Suppose we have 50 employees out of which 30 employees are paid more that 6500/ and 10 employees are paid less that 6500/. Then still do we need to register with EPFO. Also do i need to pay PF for all 40 employees or can i only pay PF for the 10 employees.

    Can you provide me a proper website where i can get full appropriate information

    Thanks
    Kishore

    ReplyDelete
    Replies
    1. Kishore - Permanent staff are people who will be with you permanently whereas contracted staff are people who you hire for a certain period of time and then they will leave. For ex: If you are constructing a new garage you can hire two builders on contract for 3 months and once they build the garage, they wont be working for you.

      When you pay someone a salary, there is something called "Basic Salary" for which you need to pay EPF. 12% of basic salary has to be paid as EPF.

      Whatever the employee's salary is, you need to register that with PF office. You need to pay PF starting the date you get registered. There is no need to make back-tracked payments. If you are giving pf to 1 permanent employee, you need to give it to all permanent employees.

      Contact the regional PF Office in your city and they can help you. There is no website as such for these things. You need to visit the PF Office in person to complete the formalities

      Delete
  22. Hi My PF status is showing as approved and under process for almost six months now. When I call the Mumbai office, they bluntly ask me to check the web site for the status.My EPF no. MH/44156/04251. Its difficult for me to travel to Mumbai just to follow up with my EPF withdrawal. Please suggest since I am at a loss.
    My email id is rajib.mitra.75@gmail.com

    ReplyDelete
    Replies
    1. Rajib - Try filing an RTI to find out what is happening to your PF Account. Our governmental departments arent fully IT improved so, sometimes going to their office personally is the only option.

      Delete
  23. if person was killed who may get epf earlier than the actual period to the nominee

    ReplyDelete
    Replies
    1. Rama Kishore - In case of death of the epf account holder the amount will be released only to the nominee as per the acc holders WILL. If no WILL is present the legal survivors (usually the spouse, children) will get the money.

      What do you mean by earlier than the actual period? I do not understand.

      Anand

      Delete
  24. DEAR SIR,
    Is it necessary to submit original death certificate to transfer pension to wife after death of pensioneer or a xerox copy and verification of original death certificate is enough.

    ReplyDelete
    Replies
    1. yes sir i know we have to verify original death certificate, whether we have to submit it, because originals are always verified and returned and only copies are taken.

      Delete
    2. Yes, original has to be shown for verification after which they will return it to you. They will only take a copy of the death certificate from you after you show the original to verify that you have it.

      Delete
  25. I felt like i was robbed when i checked my PF credit to my bank after final settlement. It's my bad that I joined such a cheap company. They took best use of unemployment and made me work for 7000 as starting salary. I have all the payslips with the PF contributions:
    I've joined on Nov 11-2011 and worked till Aug 2013.

    From Dec 2011- Apr-2012 they deducted 240 / month from my salary as PF

    Dec 2011-Apr 2012- 240*5=1200
    Apr2012-Apr 2013- 311*12=3732
    May2013-Aug-2013- 352*4=1408
    Total: 6332

    THis is only my contribution. Employer contribution is same as mine according to appointment letter. So, legally, I should get 12000+ interst.

    I've got 4000 rupees!!!!!!!!!!!!!

    Absolutely shocked. WHAT SHOULD I DO???
    I AM FEELING LIKE I AM ROBBED. WHOM SHOULD I CONTACT??? I m hating this!!! Please reply

    ReplyDelete
    Replies
    1. Hi - Are you sure the 4000 rupees you got was the PF? This could be the EPS because the EPS is not based on contributions. Instead it is based on number of years of service. Check this article out and you will understand more about EPS - http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      The employer contribution is not fully paid out for EPF. A Big % of the employer contribution goes into your EPF. Check out this article where I have explained the split up of where your money goes. http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html

      Back to your Q - If the 4000 rupees is EPS, I suggest you wait for a couple of weeks until your EPF money comes. First you can reach out to your employer and find out what happened to the withdrawal request that was submitted on your behalf. they can tell you how much money should have come to you. If they are refusing to help, go to the nearest EPF Office along with all your PF contribution proof and file a fomal complaint.

      Anand

      Delete
  26. Sir,
    I had resigned the company 11 year back but during that time I didn’t submit the PF form in my company. So now am I applicable to withdrawal PF after 11 year ? if yes what is the process.

    ReplyDelete
    Replies
    1. Yes you can Vijay. Just reach out to your old employer and submit the PF Withdrawal forms with their help.

      Note: If you are currently employed, you cannot withdraw the money. You need to get it transferred into your current PF Account.

      Delete
  27. Hello sir,
    Do every company issue experience certificate, what if any company refuse to issue experience certificate, is it very important document or knowledge of our work is sufficient to join any other company.

    ReplyDelete
    Replies
    1. Anonymous - It depends on the new job that you are taking up. In most cases both the experience certificate and knowledge of work are required. As far as I know, All companies issue an experience certificate as long as you resign properly before moving on to the next job. Some people just stop turning up for work and take up a new job without resigning from the prev job, in that case they wont get the experience certificate

      Delete
    2. thanks a lot sir,
      What if we have knowledge and no experience certificate, is it acceptable?

      Delete
    3. Anonymous - It depends on the company you are joining. Some companies may accept a person without experience certificate as long as they have the requisite skills while some dont.

      Delete
  28. Sir,
    Submitted PF forms this DEC 2013. The status is approved and payment is under process since 5 days. I have loan pending to be cleared by me to my employer. Do my employer have rights to claim my PF amount from PF office once the claims are submitted. My forms were submitted by my employer. How much time it may take to credit in my account. Thanks in advance for your reply

    ReplyDelete
    Replies
    1. Benhur - The payment will be processed after 60 days of your last working day with your company. After payment processing it will take 4-6 weeks for the money to reach you. All in all, you can expect the money to reach you around the 90th day mark from your last working day.

      Delete
  29. Sir,

    I will change my job to a new employer after one month and I plan to transfer my EPF account to EPF with new employer. I will be completing 7 years with current employer when I terminate my service. My Question is: When I start EPF account with new employer, what happens to Number of Service Years for my EPF. Will my new EPF account show the 7 years which I have already had in service. My new employer will have a new EPF number and old PF account get transferred, but my main concern is will my years of service under new EPF account show as 7+ years now.

    ReplyDelete
    Replies
    1. George - That is the whole point of getting the pf account transferred. Once your old PF Account gets transferred onto the new account your new employer creates, the new pf account will show age as 7+ years. Dont worry.

      Delete
  30. I am trying to get my PF account transferred from my old employer to new employer online. The Date of joining(DOJ) in my old PF account differs from the one that my old company has in its record. I gave online transfer for PF account. On giving my old PF account the portal automatically filled DOJ found in its data base. But my previous company rejected the claim because date in there record was different from the one mentioned in the claim form. While filing the transfer form which date should I mention EPFO DOJ or my previous employer DOJ ?

    ReplyDelete
    Replies
    1. Censor - The DOJ in your EPF Account and your prev company records must match. First you need to update your PF Account DOJ to reflect the correct date that you joined your prev company. Then resubmit the transfer request by mentioning the correct DOJ.

      Anand

      Delete
  31. I had resigned my previous company in the month of october now i want to claim my PF.My previous company asked me to submit EPF documents along with cancelled cheque. I want to know that can i give the cancelled cheque of my salary account of my current organization? or i have to give the saving account cancelled cheque.

    attribution http://www.citehr.com/481029-regrading-cancelled-cheque-withdrawing-epf.html#ixzz2phGPZNGe

    ReplyDelete
    Replies
    1. Rishab - You can give the cheque from any bank savings account as long as the name in that account matches the name in your EPF Account exactly and the account will be open when your PF Settlement comes 3 months later.

      However, if you are currently employed, you are not supposed to withdraw your PF. You should get it transferred. Withdrawal is only allowed if you are going to be unemployed for at least 3 months after your last working day from the organization whose PF you are trying to withdraw.

      Anand

      Delete
  32. Hi Anand,

    I have a Corporation Bank account (SB a/c) can I give this account number to EPF withdrawal. My salary account is RBS but the HR said you should have the account in min 10digit so u cant give the RBS account its 7digit only.

    regards,
    Chandru

    ReplyDelete
    Replies
    1. Chandru - You can give any SB Acc info as long as the name in the account matches the name exactly as per your PF Account (No Initials. For ex: If PF Acc is Chandrasekar Srinivasan and Bank acc is Chandrasekar S, the request will get rejected)

      I am not aware of this 10 digit account number thing but to be on the safer side, listen to your HR. Make sure to submit a cancelled cheque along with the request to ensure that the withdrawal money comes into the right bank account.

      Delete
  33. I need a reply :
    our company started PF in april 2012,but now we receive notice from EPF organisation,saying we are covered under the Act w.e.f November 2010 and we need to file the annual returns from that period,when we said we have challans from 2012,they says that we have to pay penalty,In our company all the staff have a higher basic ie grater than 6500.do we need to worry in this case.

    ReplyDelete
    Replies
    1. Anonymous - I am not the best person to answer queries from a company's perspective. I would suggest you consult with the EPF Office and sort out the issue amicably.

      Thanks

      Delete
  34. Hie,

    I want to know that i have left my previous comapany and my PF already transfred to new company now when i download my E-statement of PF there is showing Employer distribution and Employees distribution but not reflecting pension amount in transfred amount.

    Please help to find out.

    ReplyDelete
    Replies
    1. Ravi Kumar - EPS Account does not contain any money (technically). Only the years of service gets transferred not any actual money. Check out this article: http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  35. Hello,

    1) If I quit the job, will my VPF get added to PF and I will get the entire money if I close the account?

    2) If I transfer the account to my new employer instead of closing, then will my VPF+PF will be carry forwarded or just the PF?

    Thanks!

    ReplyDelete
    Replies
    1. Anonymous - For all intents and purposes the VPF money once it goes into the PF Account will be treated just like the PF Account. So, when you close the account the entire PF + VPF money will be given to you. If you transfer PF + VPF will get transferred.

      Delete
  36. Dear Sir,

    I had worked in two concerns for a period of under 6 months . One company I know the A/c No: the other even I do not know the account number only company name is available. I have heard that incase you are not completing 6 months we will get the EPF contribution but not the F.Pension portion . What is the remedy . Kindly advise if I can approach teh EPF to sort out the issue. With kind regards

    Suresh.C

    ReplyDelete
    Replies
    1. Suresh - Yes, if you worked less than 6 months you will not get any pension benefits. But, the PF portion can be withdrawn. You need the PF Acc number otherwise any process - be it withdrawal or transfer is extremely difficult. Try to reach out to your old company and find out your pf account info.

      You can visit the nearest EPF regional office with the info you have and check if they can help you. But, without pf account info i highly doubt how much they can help

      Best wishes
      Anand

      Delete
  37. Hi, I got my PF transferred from my previous employer to current employer and I am able to see this transfer in my PF Statement downloaded from EPFO website.
    However, the date of joining is still being shown as date when I joined my current employer. Shouldn't they reset this date to the date when I joined my previous employer so that cummulative continuity is maintained which would indicate that I have been a member of EPFO for X years (X= A years with previous employers + B years with current employer)?
    Secondly, they have only transferred EE and ER components and the interest thereof. The pension fund deduction of Rs 541 which had happened with my previous employer has not been transferred. The amount shown under pension fund category is only the amount which has been deducted by my current employer, it does not include previous employer's pension fund deductions. How can I get it transferred? Will I need to submit separate forms for this and to correct my date of joining EPFO?
    Abhishek

    ReplyDelete
    Replies
    1. Abhishek - The EPFO website is not up to date. It is backlogged by many months. If the transfer was completed in the past one year, there is very good probability that the data is not yet updated in their database.

      Delete
  38. Hi Anand - I have entered an incorrect PF number in the form :-( I have mentioned Pension number instead of PF number. I know its insane, but what's your suggestion on this please? Thanks. Vinu

    ReplyDelete
    Replies
    1. The request will get rejected if the acc number is wrong. So, dont worry, just fill a fresh form with the correct details and resubmit it.

      Delete
  39. Hello sir......
    we are getting epf pension on my, my sisters and my mothers bank accounts. And I want my pension to be transferred to my brothers account, since I am turning out 25 in the coming year......... tell me which form to be filled please sir......

    ReplyDelete
    Replies
    1. Are you talking about the pension from your father/mother's EPF Account? The owner of the account has to modify the nominations and the % of money split so that the PF Office can give the pension accordingly.

      I am not aware of the form name but you can get that info from the regional pf office where the request has to be submitted.

      Anand

      Delete
  40. Hi Anand,

    Hope you are doing good. I have a question about my EPF. I have moved to US on H1B and working here as a contactor since last two years. I am planning to stay another 4-5 years here. I have two EPF accounts in India. You might be wondering how come two accounts, while I was in India I tried to transfer old EPF to latest one but it did not worked.
    Recently I read an article if any EPF account is idle more than 36 months, there won’t be any interest and even some people are trying to creating fake bank account and transferring this amounts. I am worrying on it now.
    I want to keep it active. So kindly let me know can I , myself continue both the accounts without any employer contribution. If yes how much minimum amount we need deposit on monthly. Also can we pay these deposits in online ? Kindly let me know. Thank you advance for your suggestions.

    Regards,
    Srikanth

    ReplyDelete
    Replies
    1. Srikanth - Answers to your questions below:

      1. Yes - After 36 months of no contributions into the PF Account, it becomes inactive and stops earning any interest
      2. Yes - There is always that risk. Though the PF Department is strictly monitoring withdrawals and any activity on inactive accounts, that probability cannot be ruled out.
      3. No - You cannot keep your account active if you are no longer working in India. Without an employer contribution your account will never be active and there is no minimum deposits.
      4. No - You cannot make payments to your PF Account. It has to go through your employer only

      You have only one option - You need to reach out to your old employers and request them to help you withdraw the PF money. Next time when you come to India, fill up the forms, get their attestation & signature and submit the withdrawal request. You can do it any time you visit the country but remember that your account won be earning any interest the moment it crosses 36 months of inactivity.

      Anand

      Delete
  41. Oh Ok :( Thank you very much for your suggestions. Really very much appreciate it. I will ask my employers to withdraw that amount.

    Regards,
    Srikanth

    ReplyDelete
  42. Hi Sir,

    Please let me know how many days it will take the amount credited in the bank account after getting the message stating that " claim has been approved and the payment is under process"

    By Vinod

    ReplyDelete
    Replies
    1. Anonymous - Usually it takes around 4 to 6 weeks.

      Delete
  43. Hi Anand,

    I am devraj.

    I would like to know if its possible to get an old PF statement from the PF office. I am specifically looking for a timeframe of 2003-04 when I just joined work. Also does this statement have the company details from which PF is remitted as I am hoping to submit this as an employment proof.

    Please note I closed my PF account last year as I relocated outside India.

    Kindly help.

    Thanks and Regards
    Devraj

    ReplyDelete
    Replies
    1. Hi Devraj - Getting statements especially those that are almost 10 years ago will be very difficult. You can visit the regional PF office and try to get it but it would be easier if you reach out to the company that you were working for at that time

      Even if you get a report at that time, the name and details of the remitting organization may or may not be present there. It is just a statement of your PF Account - not an employment proof letter.

      Anand

      Delete
  44. I have a question about EPF and PF Pension Scheme.
    I have worked in an organisation (X) for 2 years and 9 months with certain PF contribution. Then i took a gap of almost one year and now i got an offer letter from a new company having been registered with EPFO scheme.

    I have not withdrawn my previous PF amount from my X organisation.

    I would like to know that can i transfer my previous PF amount to the present PF account of the new organisation. I also want to know that will my present employer will know that my account was inactive for almost one year.?

    ReplyDelete
    Replies
    1. Anonymous - There are numerous organizations across India that specialize in background checking and if your new company wants they can very easily find out that you worked for some company earlier and were on a break for a year.

      Anyways, while opening a PF Account, companies usually do not go in search of whether the new employee had a PF Account and whether it was withdrawn or closed. In most cases they will not. So, it depends on the company you are joining.

      Anand

      Delete
  45. Hello Sir,

    I left my previous job in March 2013 and currently working in another organization. At the time of leaving previous company I had submitted form 19 for PF withdrawal but recently when I checked on EPFO site I found that my claim request has been rejected but the reason was not mentioned. Now I want to transfer my PF account instead of withdrawal ,so is it ok if now I put a new request for transfer of my previous PF to the existing one.Please suggest if there will be some problem if I do so.

    -Priti Pal

    ReplyDelete
    Replies
    1. Hi - Yes you can. That should be fine as long as the previous request was not closed successfully.

      Delete
  46. Dear sir,
    I work with company they deduct my PF but not deposit in PF account and they also not gave PF no to me , the company was closed with in 1 year when i contact hr asking for my PF no she gave PF challan-cum-return copy from the challan how can i found my PF no and can i personally start depositing pf amount in my pf account is this create problem for me ? and the persons they are not in contact so if is their signatures or any formalities i required to claim for my money or can i shift this pf account with my another company

    ReplyDelete
    Replies
    1. Anonymous - Without knowing the PF account number there is not much you can do. Do you have any sort of proof that your old company deducted PF From your salary? If so, you can take that along with proof that you worked for them to the regional PF Office and check if they can help you. Without the PF Acc number unfortunately the PF office folks may not be able to help much since the company is closed.

      Anyways - yes, if you know the acc number and the account is still not closed, you can transfer the pf account and the money in it to a new company

      Delete
    2. Alternately you can try to reach out to the old company and try to find the PF Account number. That can save a lot of effort for you.

      Delete
  47. hello sir,
    I dont have pf account in the company i am working, i have asked HR to open my pf account the she says that it is not possible now. Can i open my pf account and how it can be possible?

    ReplyDelete
    Replies
    1. Priyanshu - Not all companies offer PF benefits and similarly not all companies can offer those benefits. Maybe your company is not big enough to offer PF Facilities or does not have enough staff.

      Sorry PF Accounts cannot be opened directly by individuals. IT has to be done by the employer only.

      Delete
  48. sir, we are 3 employees who dont have PF account rest employees are having. My HR says that you have to leave this company first then I have to work in another company then when again I join this company then only PF account can be opened. She says this is because at the time of joining I didnt opened PF account and its late.

    ReplyDelete
    Replies
    1. Priyanshu - Sorry, I am not aware of this regulation and need to check and get back. If you need an immediate answer I would suggest you visit the nearest regional EPF Office and ask an officer there. They will be able to guide you properly.

      Anand

      Delete
    2. hello sir,
      If opened a pension a/c in sbi,but then the pension is not attached to that bank a/c, it is attached to other bank a/c,can we convert it into savings a/c by requesting bank. or bank order us to close the account, plz do reply.

      Delete
    3. Anonymous - I am thoroughly confused with your question. What do you mean by Pension A/c? Anyways, you can visit the bank and inquire about the same. Even if you cannot convert it to a savings account, I think you will be allowed to close it (As long as there are no loans or pending amounts against that account)

      Delete
  49. Dear Sir,
    I quit my previous organisation in June 2013 after working there for 6 months, and am joining a new co. next month. I have withdrawn all the PF amount from the prev employer. My question is that can my new employer find out PF details of my prev. employer while opening a new account for me, if I give details like my PAN no.on the new application form?

    ReplyDelete
  50. hi sir,

    My father was employ in BSFCI ,he worked their from 1978 to 2006 .He died in 2006 before retirement.
    we applied for PF and Pension and other fund Lots of time in Bihar food and supply corporation of India but they cleared it in 2014 .
    Now i want to ask 1 question.

    should we get interest for 8 years or not?

    what amount of pension my mom ,my brother and sister will get.

    if we don't get interest of 8 year then we can apil for that in lebour Cort or not

    and they have given 2 pf account .and they are clearing money of one account .
    what legal action should we take.
    and when i am checking status it is showing like this.


    STATUS for Member ID: BR/BHA/0002653/000/0000275

    Your account has been settled. For detail's please contact respective EPF Office.

    **Data updated till 31-01-2014 17:59:27

    and



    STATUS for Member ID: BR/BHA/0002652/000/0000256

    Data not available. For detail's please contact respective EPF Office.

    **Data updated till 31-01-2014 17:59:27

    Please help me for my quires.

    ReplyDelete
    Replies
    1. Hi Sharique - As far as I know, a single individual cannot and will not have 2 PF Accounts for employment with a single company. So I think there is some problem here. Anyways - for the delay that happened, the 8 years, if the error/mistake is on the side of EPF Office then I think you will get the interest. I would suggest you consult a good lawyer who specializes in labor laws about this.

      Best of luck
      Anand

      Delete
  51. Thanks Anand. I was checking with the company which previoysly handled my pf accout and they had the same comment.


    Appreciate your help anyway.

    ReplyDelete
  52. I have resigned my job from a compay in Dec 2011 and submitted my p.f. withdrawl form No. 19 to P F.department. The company by mistake allotted the same p.f. number of mine to other new employee and contribution is accumulated in this account( from April 13 to Sep 13). P.f. office is delaying my paymen
    What is the procedure to get my p.f. dues. It is not my fault the co. wrongly contributed to my p.f. number.What is the remedy?

    ReplyDelete
    Replies
    1. Anonymous - PF Account numbers are not reused or reallocated to new employees. Is the new guys name the exact same as yours? If not, then it is practically not possible. Please consult a good labor lawyer to get your dues recovered.

      Anand

      Delete
  53. Hi Anand,
    Need your suggestion here!
    Is there any policy to withdraw partial EPF/VPF from company. Please confirm. I need to repay some loan by doing that. Pls suggest.

    ReplyDelete
    Replies
    1. Sure Fazal you can. Check this post in our blog: http://anandvijayakumar.blogspot.in/2010/12/can-i-withdraw-money-from-my-employee.html

      Delete
  54. Hi Anand, i have a question for you like in my previous company from my account pf amount was deducting every month, but when i check my pf balance online it is saying like it is paid upto 2012, ie for the year 2013 , they dint paid.Now i want to withdraw money upto the the period which i worked(upto 2013) , how can i ? Please suggest me.

    ReplyDelete
    Replies
    1. Chakrala - Did you check your balance online? if so, dont worry the website is backdated by many months. You can contact your employer to obtain the latest pf account statement which will show your latest balance.

      If you withdraw money when you leave the company, whatever is your latest balance will be paid out.

      Delete
  55. Dear Sir,

    I had initiated a transfer from NOIDA EPFO-RO account to the current Gurgaon EPF Account Number in July 2011. I have logged several Grievances with both the offices since then. Through a reply of one grievance, Noida EPF Office claims that the xxxx amount has been transferred via cheque number xxxx and yyyyyy date and same was encashed on yy+1 date.
    However through a reply of one grievance, Gurgaon EPF office claims that the Form-13 was received and sent to the concerned RPFC, but no transfer proceeds have been received till date.
    What should I do?

    ReplyDelete
    Replies
    1. Vinod - Unfortunately this is one of the problems that we face in India where neither EPF Offices are willing to work on the transfer. Reach out to the Noida EPF Office and request proof of how/when the details were sent to the Gurgaon EPF office. You can use the RTI Act here and get the info. Once they give the info, use the same RTI on the Gurgaon EPF Office to find out wha happened to the money that came from Noida.

      Delete
    2. Thank you for your reply.
      Sir, I agree with the problem and I assure you that I am not the only one facing this issue as I have several of my colleagues with exactly same issue. However, instead of us tracking with each EPFO office, is there any higher governing body above individual SROs or any ombudsman to whom we can file a complaint and get the speedy redressal?

      Delete
    3. Sorry Vinod unfortunately there isnt one to help. RTI is your best bet. Try filing an RTI To find out what exactly is happening with your request

      Delete
  56. Dear Sir>> Please help me out getting the actual EPF settlment>BAJAJALLIANZ GENERAL INSURANCE CO LTD28-JUN-2010 TO 31-AUG-2013 3 years> PF DEDUSTIONS WAS 780 Total settlment should be 32939 as pe3 message received>> EE Amt:Rs 24667 EMPLOYEE> ER Amt:Rs. 8272  EMPLOYER>> As per the message received>> EPF Balance in A/C No. PU/PUN/0300862/000/0016321 is EE Amt:Rs 24667, ER Amt:Rs. 8272 as on 02-01-14 (Accounts updated upto 31-03-2013)-EPFO>> 2nd message>> Claim form 19 for PF settlement for member acct no PUPUN03008620000016321  received on 06.02.2014 and Claim ID PUPUN140200013988 is under process.>> 3rd message>> Form 10C (Withdrawal Benefit) Claim ID:PUPUN140200013993 Acct No PUPUN03008620000016321 approved for payment through Cheque. Payment under process.>> Settlment message received 13 feb 2014>> INR 17,284.00 deposited to A/c XXXXXXXXXX2430 towards NEFT Cr-SBIN0000454-EMPLOYEE PROVIDENT FUND ORGANIZATIO-MOHAMMED HASHIM RAZA-SBIN714044125902 Value 13-FEB-2014 . Clear Bal is INR 17,284.00 . Cheque credits subject to clearing>> Looking forward to hearing from you my email is bajaj.hashim@gmail.com

    ReplyDelete
    Replies
    1. Bajaj Hashim - When you withdraw your PF you also gt your EPS money. I think you got your EPS money only. Wait for a few more weeks and you will get the PF money as well. If you dont get it, contact your company and find out what went wrong.

      Delete
  57. Hello,

    I have a question regarding closing of PF. My PF account has been inactive for over 3 years now , since 2010 (it was active during 3 years when I worked with a particular company). I am now self employed and would like to close this PF account. I have filled out the required Forms but unfortunately I am now residing in another part of the country and will not be able to make it to Chennai (where I was initially employed) to submit the docs. Is it possible to authorize someone on my behalf? I believe this involves 2 steps - one is to visit the previous company and then go to the PF office and finally submit. Could someone else do this on my behalf? I could provide a signed copy of my ID if necessary.

    Would really appreciate any suggestions on this regard.

    Thanks in advance.

    Samarth.

    ReplyDelete
    Replies
    1. No Samarth, you cannot authorize someone else on your behalf to do that. You will need to reach out to your old employer and initiate the process. You will need to sign a few forms which if your old employer agrees you can do via post. But, you are the one who has to do it.

      In most cases - the employer himself will submit the forms to the PF Office in which case you wont need to go to the PF Office.

      Delete
  58. Hello Sir,

    If I have not nominated any one. Who will get this amount in case of death? Will this automatically get distributed between spouse and children

    ReplyDelete
    Replies
    1. By default the money goes to the Spouse - unless a legal claim on the proceeds is made by the Children questioning the claim done by the spouse.

      Delete
  59. Dear Mr. Anand,

    A limited company had undergone a merger with a group companyand becomes a division of that group company instead of limited company by itself. The parent company has PF trust. A company newly become division was not having its PF trust but deposited employee PF in EPFO. Now since its a part of company that has own PF trust, this new division could also have own Trust? There are 3 divisions, 1 (original in which two others merged as divisions) has its own PF trust, other 2 would like to have own trust as name is common while employee payroll for each division is separate. Kindly guide whether new divisions could be part of main company's Trust.

    ReplyDelete
    Replies
    1. Hi - Sorry, I am not the best person to advise about EPF Incorporation and stuff. Please consult with a good labor lawyer or check with EPF Authorities.

      Delete
  60. Dear Mr Anand, I have worked for a private limited MNC in india for 18 months and got a pf account in pune , i quit the company without serving the notice period as it was a bond based and I had to join a govt firm in the same month when i quit, now i m a central govt employee since 3 months. In what way I could get my pf money withdrew/transferred to current pf account?
    Please suggest. Thanks in anticipation.

    ReplyDelete
    Replies
    1. Anonymous - If you currently have a PF Account, you can try to get the money transferred into this account. However, since you did not serve your notice period, your old employer may not help you out that much. You will need to negotiate with him and come to a compromise in order for him to help you either withdraw or transfer the pf money.

      Delete
  61. Dear Anand,

    I am an NRI who used to work in India till Nov 2009. My EPF account has not been active from Dec 2009. Total amount in EPF a/c is about Rs.1lakh. Though I would not like to withdraw, due to new rules, EPF office will no more be paying any interest if the account has been inactive for more than 2 years. So, could you please suggest me if I should withdraw or is there a better way to handle this?

    Can I get it transferred to the social security account of the country where I am working now?

    Regards,
    Bond

    ReplyDelete
    Replies
    1. Mr. Bond - No, you cannot get the money transferred out of India. The money will only be paid out as a cheque or a direct transfer to your bank account in India. You need to contact the company where you worked and submit the forms for withdrawal and you can do it when you come to India because the forms will require your signature.

      Anand

      Delete
  62. hello sir

    your blog is very knowledgeable, I have a Question. My uncle died last month due to illness. his company shut down 10 years ago. He received all the pf Amount except Pension fund. till date he has not applied for pension, can this pension is start in my aunty's name?

    ReplyDelete
    Replies
    1. Yes Dharmendra - The surviving Widow will get a pension after the death of the account holder however it will only be a % of the pension that the employee would have been eligible if he had been alive

      Delete
  63. Hello,

    Can I send EPF form for withdrawal via post to EPFO Office or I have to do it in person? I got the form filled and sealed from my old employer.

    Thanks

    ReplyDelete
    Replies
    1. You can try sending by post Nishanth but there will be no guarantee that they received it because they will accept regular/normal post only. REgistered post or courier will not be accepted. So, it would be better if you visited in person and submitted it - to be safe

      Delete
  64. I was working with a private company for 3 months.it got over in dec'13 and that was my first job.can anyone help me to know am i eligible to withdraw the provident fund

    ReplyDelete
    Replies
    1. Hi - Are you joining another company? If so - you cannot withdraw. You have to get the pf transferred to your new job. If you are not going to join a new job for at least 3 more months, you can withdraw. However, the withdrawal will be fully taxable

      Delete
  65. Hi Anand
    My husband have worked with a firm for the last 8 yrs...nw we are claosing the pf account and withdrawing the money.so he is not eligible for the pension right? Thn what about the employers contribution to the pension scheme.will him get it?

    ReplyDelete
    Replies
    1. The amount you get from EPS is not based on contributions from your husband or the employer. It is based on last drawn basic salary and no. of years of exp.

      Read this: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Delete
  66. Hi Anand,

    I Have worked in a organisation for 8 years i.e May 2005 to August 2013 with a PF Account. I had taken a break for 4 months now i have joined in a company which is not registered with EPF if i work for the current company for another 2 years and join a company later with EPF and complete 10 years service as per EPF will i be eligible for Pension pls suggest my focus is on Pension.

    ReplyDelete
    Replies
    1. Anonymous - Yes, you wil be eligible for pension if your PF and EPS accounts are held active for a consolidated period of at least 10 full years. In this case, you need to get a scheme certificate from your old employer and submit the same to your new employer (who you will be joining after 2 or 3 years). Once you do that, and finish the transfer of EPF money formalities, your experience from a PF and Pension perspective will continue on from where it was left when you resigned in August 2013. And, when you retire you will be eligible for pension via the EPS Scheme if you can complete the formalities.

      Read this article about EPS: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Delete
  67. Hi Anand, I quit my job in Oct 2013. While filling up the PF withdrawal form, I had given an account no. which will close in some days. What is advise to get the money now since, the account will be closed before the amount is credited? Pls advise..

    ReplyDelete
    Replies
    1. Susheel - Try to keep the account open until you get the PF money. Once a request is submitted and processed, it cannot be amended. If the PF office is unable to deposit the money into your account, your withdrawal request will be rejected. This will take a significant amount of time since PF office will try a few times before rejecting your request. After this, you will need to resubmit the request along with details of a bank acc that will be active at that time. Once you resubmit it will be processed again and will take the standard processing time until you get the money

      I would suggest - you wait until you get the PF money and then close the account to avoid complications.

      Delete
  68. Hello Anand,

    I have recently moved from my job of 7+ years & have started my own Consultancy firm.I wish to know can I continue to earn interest on my PF if i do not withdraw the amount accumulated, I believe the time period is 3 years.

    Secondly, can I still contribute via the VPF route to grow my PF corpus though I am self employed now ?

    Please advise.

    Many Thanks.
    Darshan

    ReplyDelete
    Replies
    1. Hi Darshan,
      As of now, yes your account will continue to earn an interest for 3 years but this may be revised any time. Plus, the longer you wait to withdraw, the harder it will be to get your old employer to cooperate with you in the withdrawal process

      Sorry, VPF is only possible when normal PF is being deducted. VPF is something your employer deducts each month automatically (like PF) and deposits it to your PF account. If the PF Acc is not active, VPF contributions cannot be done.

      Anand

      Delete
  69. Hi Anand, My PF account number is BG/BNG/0026749/000/0005883... I left my organisation on nov'2013. I have submitted the forms for PF withdrawal. There the status shows as:
    STATUS for Member ID: BGBNG00267490000005883



    Claim ID : BGBNG140200035791
    Status : CLAIM FORM 19 FOR PF SETTLEMENT FOR MEMBER ACCOUNT NO BGBNG00267490000005883 HAS BEEN RECEIVED ON 26.02.2014 IS UNDER PROCESS

    Claim ID : BGBNG140200035797
    Status : CLAIM FORM 10C FOR WITHDRAWAL BENEFIT/SCHEME CERTIFICATE FOR MEMBER ACCOUNT NO BGBNG00267490000005883 HAS BEEN RECEIVED ON 26.02.2014 IS UNDER PROCESS.

    Can you please tell me how much time it might take to get the PF amount credited to my account...

    Thanks,
    Shri

    ReplyDelete
    Replies
    1. Around 4 to 6 weeks from date of Approval.

      Delete
    2. how do i know the approval date???

      Delete
    3. You will get a notification like this saying - request was approved.

      Delete
  70. hi,
    i left my previous company in December 2013 without giving proper intimation & i didn't get any relieving order from my previous employer. at present(march 2014) i have joined in new company..is it possible to transfer my pf account to present employer without the help of previous employer? or do i need to get any signature from my previous employer for transferring of my pf account?

    ReplyDelete
    Replies
    1. Anonymous - read this article. It will answer your question

      http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      Delete
  71. Hello sir,

    i am leaving my job before 12 month I will get my provident fund Or not.

    Thanks & Regards

    ReplyDelete
    Replies
    1. If you had a pf account and contributed to it each month - You will get if

      Delete
  72. Hello,
    I have left my job from a reputed MNC in 2013,June. I worked for almost 2.5 years. I have applied for withdrawal of my PF amount. Though I have resigned in June 2013, they intimated me that they submitted my PF in Jan,2014. But as I have checked for my PF status, Its showing " No record found". I have mailed my employer, they said they will look into this matter. What can I do now... Will I get my PF amount ???

    ReplyDelete
    Replies
    1. Prathima - Do you know your PF Acc number? IF so, try to visit the nearest EPF Office and inquire whether your account is open or ha been closed. In parallel follow up with your old employer as well.

      Dont worry, as long as you had a PF Acc, nobody can deny you your money

      Delete
  73. I had 5.5 years continuous service with my MNC employer, but my PF account and contributions started 2 years after my joining. Will my PF withdrawals be tax-exempt?

    ReplyDelete
    Replies
    1. No. The Age of your PF Account must be 5 years. In your case if you withdraw now it will be taxable

      Delete
    2. Dear Anand, thanks for your prompt response. I did look up the IT Tax (Fourth Schedule), which defines the condition for exemption as "if he has rendered continuous service with his employer for a period of five years or more". Can you comment on this, please? Thanks.

      Delete
    3. Hi - My understanding of this statement is - It is expected that your employer would've opened your PF Account when you joined. In your case it was opened 2 years after you joined, so effective your PF Acc is only 3 years old.

      You can check with your regional PF Office reg. this to confirm if your withdrawal be taxable or not. My understanding is - it wil be taxable

      Delete
    4. Thanks, Anand. Just FYI, I went through my withdrawal forms once again, and I have a couple of interesting observations. a) They do not ask for the PAN on any of the forms b) The employer is supposed to fill out a column giving dates of non-contributing period of service (as in my case) - I guess in earlier days, employers had an option of not joining a PF scheme. Will update you of the outcome, after my account gets settled.

      Delete
    5. Just an update - the amount has been paid by EPFO, without deducting any TDS. So it will be up to me now whether to claim the exemption, or not.

      Delete
    6. Hi - Glad that they did not deduct TDS. There is actually no exemption here - you need to pay taxes for amount you got. You cannot choose to ignore because, the PF office would've sent out the details to the IT Department saying XYZ person with this PAN Number withdrew X amount of PF money. So, if you miss declaring this in your taxes, the authorities may be able to easily identify this case and chase you for wrongful tax filing and you may end up paying penalties and fines.

      Delete
    7. Will definitely declare the income - but I plan to seek exemption quoting the clause in Schedule 4, after consulting my tax advisor. I have a clear letter from my employer mentioning my start and end dates of full-time employment with them, and the tenure is 5.5. years. Thanks for your advice.

      Delete
  74. Hi. I have not yet collected my pf and it has been almost 10 months, I had resigned for pursuing mba, what are my viable options?

    ReplyDelete
    Replies
    1. Reach out to your old employer and find out why the withdrawal is getting delayed. If they are not responding, visit the EPF Office that is processing your request and find out what is happening.

      Delete
  75. Hi Anand,

    Hope you will help me out, It's more then one year since i am trying to get my PF from my old employer. I worked in a organization from 06-Sep-07 to 07-Sep-09. Right now i am doing advance studies in bangalore and i am jobless, So i applied for the EPF through my company by sending them all doc's. But they didn't fwd the doc's to EPFO, and told me that it's under process. In Oct-13 they said the form has been rejected after taking so much follow-ups. So i sent all the documents again and they submitted the documents on Feb-28-2014, And in conformation they sent me a mail in which there was a stamp of receiving from EPFO dated 28th. And again now it's more then one month i didn't got any update regarding the EPF neither on EPF nor i got any message, So i made a query in EPFO grievance portal, In reply they are saying they haven't received any claim form. But i have the scanned receipt ( Form with the EPFO stamp) i sent them the receipt but got same reply. Now employer is saying they have submitted and EPFO is saying they haven't received it. I am in Bangalore and my EPFO is in DELHI, I am unable to understand what to do and how to the money. Hope you will help me out someway.

    Thanks & Regards,
    Shivesh Kumar

    ReplyDelete
    Replies
    1. Shivesh - First try to raise a Grievance with EPFO and submit that document with EPFO Stamp as per the steps here: http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      If that doesnt work - use the RTI and check what is happening as per the stps here: http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Sorry for the trouble but since it is a government department, this is how you can proceed. Alternately you can visit the delhi EPFO in person but since you cant do that, this is the best alternate. If neither of these works, then you have no choice but to visit delhi pf office to sort things out.

      Delete
    2. Thanks for the help, I will file an RTI for the same.

      Delete
  76. Hello Anand,

    Hope you can help me out with this.

    One of our ex-employees' who applied for EPF withdrawal has passed away. The claim has come back with a query, requiring that he has to get a notarized affidavit verifying his identity. How can we go about helping him since he has already passed away?

    ReplyDelete
    Replies
    1. Pls contact that persons spouse or children. whoever is the legal survivor of the ex-employee would need to take up the next steps to get the money

      Delete
  77. I have a query - I am currently associated with a Multinational company and working from Mumbai. Since last 5.5 years, my PF is getting deducted every month. Now I will be relocating to USA through the same company. However, in US there is no facility such as 'PF'. In such situation, can I withdraw my PF?

    ReplyDelete
    Replies
    1. Maheish - You going onsite or getting moving on permanently to your US branch and you will not rejoin the india office?

      If going onsite - your company has to continue the pf contrib because you are still under employment/ This is what most companies will do.

      If you are joining the US branch after finishing a relieving/resignation kind of formality here in India - then you can withdraw your PF because in such a case your company will no longer contribute pf.

      The decision depends solely on whether your company will consider you an employee of their india office and contribute pf every month. If they will do this, you cannot withdraw now.

      Delete
  78. Hi Anand. I worked for a corporate for 3 years (1st job) and now switching to an NGO within 40 days after resigning. I have PF and pension accumulated with the corporate. This NGO does not pay PF and cannot issue Form 13 for a transfer. I understand i cannot withdraw since there is not a 2 month gap. What is my other option?

    ReplyDelete
    Replies
    1. Anonymous - If your new employer does not provide PF then you can legally withdraw the PF from your old job. However, since you worked only 3 years, the withdrawal will be fully taxable.

      Delete
    2. The accumulated amount is in co.'s trust. I'm told there will be flat 30% deduction in PF amount on withdrawal. Is it always flat 30%? Will my 2014-15 earnings be taxed according to a slab determined by including or excluding PF withdrawal amount? How much refund can be claimed on TDS on PF withdrawn?

      Delete
    3. From a Tax calc perspective - The PF withdrawal money will get added to your total annual income and taxed according to the tax slab you fall under. From a TDS Perspective - whatever gets deducted, dont worry. You can always file tax returns and get the refund.

      Whatever surplus TDS that was paid out will be refunded to you.

      Delete
  79. Dear Sir,

    I have a query - if a member joined in contributory pension scheme in EPF 1995 and completed more than 10 years of service.

    In this case member and spouse (i.e., Husband & Wife ) both are died and the nominees (i.e., Children's) have crossed 25 years of age
    Than how can withdraw the contributory pension fund from EPFO?
    whether 10C applicable in this case
    Is there any other provision available to claim from PF commissioner?
    If so? kindly advise

    With regards,
    Sd/-
    Santosh.G
    santoshkumarg81@gmail.com

    ReplyDelete
    Replies
    1. Santosh - You need to contact the company where the EPF Acc holder used to work along with proof that you are the legal hier (SON/DAUGHTER) and that nobody else can claim a share in the PF Proceeds. If you have siblings, all of you have to sign a declaration stating the share in which the PF money will be shared by you. If your father/mother (whomever held the acc) had already put a % share for each of his family member then that would be applicable and will supercede the share you wish to have.

      Anyways - You need to submit proof of demise (death certificate) of both the acc holder and his/her spouse along with this legal hier & sharing document and then fill up the necessary forms.

      The withdrawal will follow any other standard withdrawal process with the difference that the legal survivor or nominee is claiming the money instead of the account holder.

      Anand

      Delete
  80. Hello Anand

    Hope you will help me.
    My name is Gaurav Chandra, I worked in an organization for bout 1 and a half year and had a good amount of PF. But when I left teh organization, some issues were created, due to which I was absconded and there ia a recovery amount on my name. I paid my basic salry to obtain ex xertificate. Is there a way to get my pf....i need it...or can i get it without employers intervention in any way......

    ReplyDelete
    Replies
    1. Gorav - Are you presently employed? If so, you cannot withdraw the money, you need to transfer the money in ur old pf acc to your present account.

      You will need to get in touch with our old employer to get his concurence because when you initiate the transfer their signature and approval will be required. Check out this article: http://anandvijayakumar.blogspot.sg/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      There is an option in this article which you can use to get the money transferred without interference from your employer but that is only applicable if your company is closed out or shut down

      Delete
  81. I was working with my previous employer from June 2009-October 2012. As I couldn't serve the notice period and they were nt ready to relieve me, I had to leave the company without experience letter and on bitter terms with the HR.. I joined my new company in July 2013 and requested for the transfer of PF. But In January, I moved to US and had to leave my new job.. The final PF statement forwarded by my new employer shows the amount from my previous employer has not been transferred.
    a) What can I do to check if the transfer was initiated? b) In case, it has not been initiated, is there any way for me to withdraw my previous PF without the help of my previous employer? As presently, I am not in India and I don't think they will help me much anyway..

    ReplyDelete
    Replies
    1. Ananya - For withdrawal of PF your old employer would have to sign the declaration/forms otherwise the withdrawal will not complete. As you left them more than 1.5 years ago, you can try to reach out to them to try to smooth things out and get their help.

      The transfer process is usually initiated by YOU and your new employer will not chase/followup reg. the same. So, unless you actually submitted the transfer forms to move the old PF Acc money to the new one, the transfer would not have happened. If you already submitted the form, you can check with your most recent employer on the status to make sure whether the money has reached or not.

      Next time you visit India, visit the nearest EPF Office in your area with proof that you had the 2 PF Accounts and check if they can help take up a withdrawal request without the employers signature.

      Anand

      Delete

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