Dear Friend,

Thank you for visiting my Blog. Not all of us were born in a rich family and we always think about retiring as a CROREPATI. Thinking is one thing, have you done anything to achieve that dream?

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Best Wishes!!

Anand

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...

201 comments:

  1. 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
  2. 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
  3. 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
  4. I left Organization in 2008 and still I don't receive the PF ...I have filled the PF form and send to organization...even in my PAY Slip they don't give the PF number ..but PF was cut by the organization ...so what to do ???

    ReplyDelete
    Replies
    1. Try contacting your company again. If they are not cooperating try raising a grievance and if that desnt work try the RTI

      http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  5. Thanks, I have no plans of working further,even then I can't withdraw my EPS.

    ReplyDelete
    Replies
    1. Yes, even then you cannot. You need to wait until you hit the retirement age. Read this article: http://anandvijayakumar.blogspot.com/2013/03/how-much-pension-will-i-get-through.html

      Delete
  6. Hi,

    Do we get any receipt or any kind of proof to know whether my current organisation has submitted Form 13 to EPFO office?
    My PF transfer is stuck since 2010 and not yet happened.Its not getting reflected in my E-Passbook of PF as well.

    ReplyDelete
    Replies
    1. Yes, you should get a notification. Try contacting your old office and get the details/dates of when it was submitted.

      If that doesnt work - Try raising a grievance or filing an RTI

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  7. hi, i left my job in 2011 but still my employer not clearing my provident fund. plz suggest me some solution on same. i had given them my signature cheque and form 11 something but still not got the any answer from them..

    ReplyDelete
    Replies
    1. Try raising a Grievance first and if that doesnt work, use the RTI.

      http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  8. Hi Anand
    Can a PF account to be transfer in company A to Company B.....without the taking help of company A?

    ReplyDelete
    Replies
    1. It depends Rakesh. Read this article: http://anandvijayakumar.blogspot.com/2012/10/can-i-transfer-my-pf-account-to-my-new.html

      Delete
  9. Hello Anand,I submitted my PF claim back in June & have the confirmation from my previous company that it was dispatched to the epfo for processing in June.However it has been more than 3 months /90 days for my submission still have not heard anything about my money. When I check the epfo link online it says NO RECORD FOUND> , Last update I got from company is that it is under process.
    Last time I got my PF money on time exactly like in 90 days after submitted my claim from the same company like 2 yrs back. This time it is taking long time than the regular 90 days. Please help as to what I have to do apart from waiting.

    ReplyDelete
    Replies
    1. Did you get any notification that your pf withdrawal request was processed?

      Read these two articles - they can help you.

      http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  10. Hi Anand Sir,

    First of all I would like to thank you for the excellent help you are providing to people like me.
    Please help me sir.
    Sir today i ask for my PF balance amount on EPFO website. They send me a SMS. M sharing SMS details with you here below:

    EE is Rs 11675
    ER is Rs 3265
    Total becomes Rs 11940
    As on 20-09-2014

    I joind my company on 15-09-2010 and left the job on 15-12-2013. Means i worked continuously for around 38 months. My company HR department is saying that i will receive my PF probably by this month end.

    So my question is how much total amount i will receive in my bank account?
    Will i get Rs 11940 or i will get more amount than this? Because as per my knowledge EE is equal to ER. So i should get more than Rs 11940.

    Please at least give me an approx idea of total amount i will receive in my bank account.

    I have searched Google a lot but didn't get any satisfactory answer.

    I will be really thankfull to you.

    My what's App no is: 9855303568
    It would be great if you will text me on my what's App account or if possible please just give me a miss call on my cell I will call you back myself.

    Please send me a reply mail on my I'd:
    ajaykharar@gmail.com

    Thanks and Regards:
    Ajay Goel

    ReplyDelete
    Replies
    1. Ajay - Read these 2 articles:

      http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html
      http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Anand

      Delete
  11. Dear Sir,

    I have worked 20 months for a company and my EPF deducted as

    490 for 10 months, 490 x 10 = 4900
    780 for 10 months, 780 x 10 = 7800

    Total my contribution is 12700 and same amount should be employer contribution so total amount should be 2500 + Interest.

    But i got only 20500, is it the right amount..? or should i talk to my employer.



    ReplyDelete
    Replies
    1. Hi - Did you read this article? http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html

      Your employer contribution does not fully go into EPF. It gets split. and only a part of it goes into your PF. Read it, i dont think the amount you got is wrong.

      Delete
  12. Hello Anand,
    Mine is old story which is not able to get the solution for past 10 years. My PF account is KN/BN/19353/762 when I was shifted my job from Bangalore to Chennai by 2006, I had been asked to submit the PF transferring form in my new company (New PF account no: TN/49115/628 till now). After six to eight months i have checked with the present company for transferring the amount, but it has not been done. So i decided to cancel the PF account and filled the cancellation form in bangalore during 2006 december. After a month (2007 Jan) I got letter from Employers provident fund organization Bangalore, saying that my account has already been transfer to TN/49115/628. Actually it was not transferred till now and I was walking Chennai to Bangalore almost 5 to 6 times and got fed up. Finally I have taken all the relevant documents to Bangalore as one of my friend gave suggestion to get Right Act Information about the fund transfer and bank cheque number details. I got the result of saying that your account has been transferred so on so date and due to very old account they could not the trace the cheque details. Now what else I have to do to get my PF amount or due to very old account it might be lapsed? Please give me your valuable suggestion.

    ReplyDelete
    Replies
    1. File a Grievance: http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html

      Best wishes.

      Delete
  13. Dear sir , what about an employee who was completed 9 years and 5 month of continuous job..and he / she left the job , he/ she become eligible for pension scheme ?....if he / she want to withdraw pf amount what will be the condition ..? he / she will get all pf amount

    ReplyDelete
    Replies
    1. See answer to your Question here: http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Delete
  14. Hey i got sms from epfho that form 10 c is received 03/10/2015 and pf is in process now how much time it will take to credit amount in my account please give me some info that will help me..

    ReplyDelete
  15. Hi Anand,
    Need a tad bit advice. Its been 8 months that I've left my previous company. I've filled the PF form in order to withdraw it. However the company hasn't deposited my PF for my last two working months. And therefore, they are not remitting my Total PF amount. What steps should I take at my end?

    ReplyDelete
    Replies
    1. You should reach out to the company and inquire about settling the pending PF payments. If they are not willing to help consult a good labor lawyer to help you out

      Delete
  16. Hi, I want to transfer my PF amount from my previous company to current company through online claim process.But in my previous employer PF account details my father's name is written as"Anil Johri" while his actual name is "Anil Kumar Johri". Will missng of middle name will cause any problem?

    ReplyDelete
  17. Sir,
    I was working in previous company for nearly three years and my payment was 7000/= .Now when claimed for the same I received Rs. 29139/= as employee share & Rs. 8194/= as employer share. I want to know is this amount is correct? If not what should be the correct amount?

    Please HELP & inform me on my ID given below.

    Thanking You.

    Anand Mallik
    (Email ID anandmallik.2008@rediffmail.com)

    ReplyDelete
    Replies
    1. Hi - Are you saying 7000 rupees was the EPF contributon every month? If so the number seems unusually low considering you worked for 3 years.

      If 7000 rupees was your basic salary, then approximately 800 rupees would have been invested on your behalf each month in which case the numbers you got seem possible.

      Delete
  18. I worked in company A for 3.5 Years, then in Company B for 4 years, Now in Company C for 3 Years.
    I got PF in Company A & C only. Since Company B is small organization, there is no PF.
    Now I have applied for transfer pf amount from company A to Company C.
    My question is what will be my services? will be treated only service of company C? What should be done for getting continuous service?

    ReplyDelete
    Replies
    1. Your continuous experience will be experience in A + experience in C. The years you spent with B before, where you had no PF acc will not be counted.

      Note: This continuous exp will be considered only after the transfer is complete from A -> C

      Delete
  19. Hi anand, I have joined in a new company last month and I have shared mu UAN number to my new employer. But when I checked today the EPF status in the UAN portal the employer name is still showing as my previous employer. The EPF amount credit by my new company also npt visible in the passbook.. How can I assure that my PF is getting credited to the old account itself..

    ReplyDelete
    Replies
    1. Hi - The EPF website is severly backlogged and there is a chance they havent updated the info reg. your transfer.

      If you are not confident, contact your employer and they can generate the statement based on the latest info/balances in your account.

      Delete
  20. Hi, Mr. Anand VijayaKumar
    First of all an excellent work you carrying out. Keep it up.

    ReplyDelete
  21. Dear friends,
    i worked before 3 years one company. i resigned my job without notice and i didn't claim my pf but now i am checking in online my pf account status now its showing It is informed that your account has already been settled with the following amounts. but they are mention different people account number its not my account number.even i dont have the account in that bank.what can i do now to get that amount please help me friends....
    Thanks advance

    ReplyDelete
    Replies
    1. Siva,
      File a complaint/Grievance with EPF office. Usually accounts that are dormant because of absconding employees are prime targets for fakers because those people would not claim them.

      File a grievance and you will get feedback from ePF office on who claimed and where it was paid

      Delete
    2. Dear anand,
      i got the all details from EPFO through Grievance .. the amount was credited to another same name as my name sivakumar near by my town i have all the details about that blackship.. how i can claim again ??? and who are doing like this??? please mail me sivakumarmeet@gmail.com

      Delete
    3. Contact the police because this looks like a case of identity theft/fraud and they can help you recover the money

      Delete
    4. k thank you mr.anand .. i will going to file case through lawyer....

      Delete
  22. Hello sir, I worked in a firm for 2 years and resigned to proceed for higher education. Till how long can I keep my PF amount unclaimed ? . Also since I am studying now, where I have to submit Form 15G ? with the firm i worked with or with the bank ?

    ReplyDelete
    Replies
    1. Firstly - you can keep the money in the EPF Account for as long as you want but the amount stops earning interest after 3 months of non-activity.

      You can submit all the forms through your previous employer while the withdrawal request is submitted. Usually the PF withdrawal is added to your annual income and then taxed. In your case, since you were only employed for 2 years and are currently a student (assuming NO income) even the full withdrawal will most likely be tax free.

      Anyways, talk to your previous employer and they can help you submit the withdrawal forms

      Delete
  23. Mr. Anand,

    From April onwards, PF deducted from my salary, but still I didn't get my PF no, when I asked about it, they are telling that my PF no was not generated.

    I would like to know whether they are paying to PF office or not.?
    In case, here after only they started paying then is there any option to pay from April to current month in my account.

    Pls reply.

    ReplyDelete
    Replies
    1. Anonymous - If your PF is being deducted since April, there is no way your PF Acc number isnt generated till now. There could be some problem with your account opening or your company is probably behind on PF payments and is delaying things.

      Ask your company for a PF Statement or if they do not cooperate, contact your nearest EPF office and provide proof of employment & epf deduction (payslip) and inquire if your account has been opened

      Delete
    2. Thanks for your prompt reply.

      Without PF account no, is there any chance to pay PF in my name to PF office.

      Here after only if they opened account in my name, is there any chance to pay PF from April onwards. Pls clarify.

      Delete
    3. Without a PF Acc number - I doubt if payment can be made. If they open the account now, they can try to backdate deposits into your account. Worst case, they have to refund the amount they deducted for PF but did not remit to the PF office

      Delete
  24. Hello Sir,
    My Question is regarding UAN. I just wanted to confirm that is there any chances by which any employer can stop generating UAN for his termed employees or else stop uploading KYC's against those termed employees to avoid duplication.

    Please reply

    ReplyDelete
    Replies
    1. What do you mean by Termed Employees? Sorry, I dont understand the Q clearly

      Delete
  25. Hi Anand, my pf claim status shows that documents received on 18th November and in process. How much time it will take to get the amount credited. Also in passbook employee share - 155860 + employer share - 92984 + pension - 29755 is mentioned in passbook. Total years is 8 years of service. How much amount I will get

    ReplyDelete
    Replies
    1. For EPF you will get the employee + employer share.

      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
  26. Hi, i have purchased a retail shop/ business from the other party(employer) who was paying epf for its employees. Now that there is change in ownership and my staff are also less than twenty. Does the epf still active for me or it is closed with the old employer.

    ReplyDelete
    Replies
    1. Sandeep I am not the best person to answer on Organizational PF queries. pls consult the EPF office in your region for more info

      Delete
  27. Hi Anand

    I had my PF with a company that was running its own PF Trust. Last year, I retired from the company after 30 plus years. Here are the details -

    - I was contributing to the PF till mid 1990s.
    - after that I was transferred to US subsidiary, when my India salary stopped and so the contribution to PF also stopped in mid 1990s.
    - I have been in the US since then & I am a US Citizen and OCI (Overseas Citizen of India).
    - When I got my PF final payment last month it was much less than I expected.

    The company has given me interest on the PF balance till 2010. After 2010, for year 2011 to 2015 they did not give me interest.

    Is there any specific reason that they can stop paying me interest after 2010? I am concerned since it is a very substantial amount.

    Look forward to your advice and inputs.

    Thanks

    ReplyDelete
    Replies
    1. A PF Account stops earning interest after the monthly contributions stop. So, there is nothing we can do about it. Ideally you should've withdrawn your PF Corpus at the point where you were deputed overseas and PF contributions stopped.

      Delete
  28. Hi I am working in an organization since 2014 and still continuing.. They are not ready to tell my pf account number.. Is there any other way that I can find my pf number and check the balance

    ReplyDelete
    Replies
    1. Why are they not ready to tell you? 2015 is almost over and you have been working for over a year

      Delete
  29. I have withdraw my pf money with signature of bank manager after that i have seen that company not deposit his employer pf money form 10 month. How i can recover again that money plz advise me

    ReplyDelete
    Replies
    1. Please contact a good lawyer who specializes in labour laws and employment disputes. They can help you here

      Delete
  30. after 8 years of working in the same organization can i go head & withdraw the PF amount ???

    ReplyDelete
    Replies
    1. Depends on why you want to withdraw. What is the reason?

      Delete
  31. Dear sir, I want to increase my epf deduction from my salary. Plz tell me the max. %age that I can deduct.

    ReplyDelete
    Replies
    1. EPF Deduction is always a fixed % of your salary and cannot change. you can sign up for VPF (Voluntary Provident Fund) where you can choose to add more contribution to your PF ACc. Talk to your HR or Finance Department - they can help you with it.

      Delete
  32. Hello Sir,
    My first que. is that after eligible for pension after retirement. how much amount i can get as pension? as it on monthly basis or yearly? What process i have to do for the same? Is there requirement of last employer for this process?
    And second que. is that if i left last job but not completed 10 years job and if i want to get eligible for pension, can i direct deposit pf amount till completion of 10 years? Without under any employer hence no continue job?

    ReplyDelete
    Replies
    1. Read this to know more about the EPS Scheme: http://anandvijayakumar.blogspot.sg/2013/03/how-much-pension-will-i-get-through.html

      Answers:
      1. It will be monthly. When you retire after serving at least 10 years, the Pension starts after the forms are submitted
      2. No, you cannot do contribution from yourself. You can transfer the EPF Account that did not complete 10 years to your new job and combined finish 10 years to be eligible for EPS

      Delete
  33. HI, my firm has 0 PF contributing member & I need to file return. How do I do it?

    ReplyDelete
    Replies
    1. I am not the best person to comment on organizational EPF matters. Pls consult a good chartered accountant or the EPF office for guidance

      Delete
  34. Hello sir,
    I have completed 6 years of service with same employer, still working. When I checked my pf passbook, I could see pf contributions are made for 1st, 3rd, 4th, 5th and 6th year, but contribution is missing for complete 2nd year. When I checked with epfo, they told me that my employer has not deposited money to my pf account for 1 year. I have informed the same to my hr dept, i am not getting satisfactory answers from them. Have you come across such situations? Will this be considered as a gap if I have to opt for tax free withdrawal after 5 years since the pf is missing for 2nd year? What can be done to get my 1 year missing pf with the interest for 4 year?

    ReplyDelete
    Replies
    1. Hi, please consult a good labour lawyer for advise. Employers cannot just stop EPF contributions and let employees lose out on money or interest.

      Yes, the missed 1 year will not count as experience towards the 5 years continuous service clause.

      Delete
  35. Hi, I quit my job from X company after working for about a year in 2014, I joined y company thereafter. I did not withraw my PF or transfer the account the new company. The HR in the new company asked me to write in the joining form that I had withdrawn my PF and got me a new account.
    I quit this new company in 2015, i was not given my relieving letter.
    I want to know
    1)I still havn't withdrwn the PF money from my earlier company, can I withdraw it anytime or is there a time frame??
    2)what if I don't want to withdraw the PF amount( it's around 1.5yrs after i quit my first company, and 10 months after I quit the second job, Iam currently unemployed)what happens to the amount??
    3)my 2nd company had opened a new PF account, can I withdraw money from both the EPF accounts??

    ReplyDelete
    Replies
    1. 1. you can withdraw anytime but the longer you wait, the more difficult it will be to get your employer to cooperate
      2. If you dont withdraw, the money just stays in the account but does not earn any interest
      3. Yes, you can withdraw from both accounts

      Delete
  36. Sir My claim application rejected and reason for that slightly change in PAN card Name and pf account Name how can I will be resolved?

    ReplyDelete
    Replies
    1. You need to first submit an application to amend your name in the EPF Acc to match your PAN card and then resubmit the claim

      Delete
  37. Hi Sir,

    My friend worked for a company for 2 yrs and resigned job for pursuing higher studies.
    Query here is :
    She is in a diff country. Will the interest be credited to the PF account, until she withdraws the PF

    ReplyDelete
    Replies
    1. No, interest stops when monthly contributions stop.

      Delete
  38. Hi,

    I have worked for 6 years in same organization and changing organzation. I can track PF transfer and balance.
    But how to apply for EPS account transfer and Track it.
    What documents i should collect from old organization before leaving it.

    Please suggest. Thanks

    ReplyDelete
    Replies
    1. Usually when EPF gets transferred, EPS gets continued too. So, dont worry

      Delete
  39. Hai
    I am working in a company for 5 years and now i left. I am to join another company after 3 months. i would like to withdraw my PF amount. if i did not withdraw my pension amount, will the service considered when i join the next concern.?

    ReplyDelete
    Replies
    1. You cannot withdraw just PF and continue EPS. They are both related. You can either transfer both to the new job or withdraw both when you leave the current job

      Delete
  40. Hello sir,

    We know that normally epf take 2 to 3 wks to transfer funds to account. But my question is that, How many more days will it take from the moment I received the processing message.

    ReplyDelete
  41. I worked in an organisation in 2012 for 6 month's; I had my PF account with them; for 6 months money was getting deposited in my pf account. Due to some disputes I left the job & was unemployed till mid 2013, in mid 2013 I got job on contract basis where there was no PF.

    My query is that since from 2013 to till date (2+ years) there was no contribution to PF account. Is this account still active, can I withdraw the money now & close this account or shall let the money go. Can I open a new PF account if I join some other company (Govt or Pvt) ?

    ReplyDelete
    Replies
    1. No the account will not be active

      If you are employed now, then you cannot withdraw the pf money from that account. You have to transfer that to your current pf account

      If you are not employed right now, then you can withdraw that money and also open a new pf account when you join a new job that also gives PF

      Delete
  42. Hi Anand,

    I have a query regarding my PF withdrawal. I have submitted all necessary documents required for PF withdrawal with my previous employer.

    Today i noticed an error which i never realized. While my first name is correctly updated in UAN Portal i saw that my SURNAME was updated incorrectly. As in my surname is Pujari as per PAN CARD/BANK Cheque Book, however in UAN its updated as POOJARY.

    While the pronunciation is same however the spelling differs. Will my application get rejected?

    I had submitted cancelled cheque with the application which bears surname as PUJARI.

    Please assist.

    Also suggest what can i do to get it rectified?

    ReplyDelete
    Replies
    1. Most probably the request would get rejected due to the name mismatch. You can contact EPF office and request for an amendment of personal details first and then resubmit the request again

      Delete
  43. Dear Anand,
    Firstly my compliments for sharing so much of much needed and scarcely available information helping so many people !!!!
    further even I do have some queries that are listed below, hoping to get your support and reply for these.
    I have been working since 1989 but PF contribution was from employment since 1995. I have registered on the EPF menbers portal and have listed all these employment tenures. I have worked in some companies as below:
    Brief of my history
    Company A: Oct 1995 to Dec 1997, I have the PF number but could not get the SOA (Statement of Account) from EPF Portal. PF Office Delhi South.
    Company B: Since Dec 1997 to Nov 2004, I have the PF number but could not get the SOA from EPF Portal. PF Office Delhi South.
    Company C: Since Nov 2004 to May 2006, I have the PF Number but could not get the SOA from EPF Portal. PF Office BG BNG Bangalore.
    Company D; Since June 2006 to Nov 2010, I Have the PF Number and SOA, PF Office BG BNG, but the name spelled is incorrect due to south Indian accent (it is mentioned as ARAVIND instead of ARVIND).
    Company E: Mar 2011 to May 2011 it was acquired by Company F below. I have initiated online transfer from Company E to Company F.
    Company F: May 2011 to Oct 2012. I have the PF number and SOA for both company E & F from EPF portal.
    I am not employed with any company since 2012 and working as an independant consultant till date.

    1) for my employments with Company A, B & C how can I get the SOA as it not available online on EPFO portal.
    2) How to get the name corrected and changed for Company D.
    3) I have the DOJ & DOL for all these companies but I am not sure what is mentioned in the EPF records. how important is this information while filling various forms. the reason for asking this is, for Company F my DOL is 31 Oct 2012 but since my final settlement happened in the month of June 2012 the final contribution was made then and the DOL should be June 2013 in EPFO records.
    4) I was interested in Pension hence I inquired at EPFO office and I was told to get all the contributions accumulated under my last employers PF account for which I also have got the UAN generated online after leaving the JOB. I intend to withdraw the money after accumulation. please suggest how can I and should I get all the contributions accumulated with the above given situation or withdraw by submitting separate withdrawal forms. Will looking for pension, make sense in this situation.
    Reagrds,
    Arvind Arora

    ReplyDelete
    Replies
    1. Answers to your Questions:

      1. You can contact the respective EPF Offices to get the SOA. I dont think the EPF Website would have data going so far back

      2. Contact the EPF Office with correct Name proof (Passport, voters ID etc) and request for a name correction. They should have the forms required to amend your name.

      3. The Date you joined or left the company is important because the company would have only remitted your EPF contribution for that duration. Even if your formalities were finalized 3 or 6 months after your last working day, the company wouldnt have deposited EPF for that duration. so, it doesnt matter.

      4. Pension (EPS) is only possible if your EPF accounts were continuously transferred to the subsequent employers PF Account. Based on your query it looks like you did not Transfer or Withdraw your EPF when you switched jobs - is that correct?

      IF so, yes you have to first file a transfer request to get all of the old PF Accounts transferred to your last job and then you will be eligible for pension since you were contributing EPF for more than 10 years.

      Here I see two problems:
      1. Your old employer may not be too willing to help because you left them long back and no longer an employee
      2. You cannot get your pension now. You have to wait until you cross retirement age

      Note: A PF Account stops earning interest once you stop contributing each month. So, for the accounts that were for your jobs in the late 1990's it wouldnt have earned any interest till date.

      Delete
  44. whether others ( salary component) also included in pf contribution

    ReplyDelete
    Replies
    1. As far as I know - its only basic + dearness allowance

      Delete
  45. Hi Anand,

    I have applied for PF withdrawl. It got approved and when I check status it is showing as below

    STATUS for Member ID: KDMAL00415050000025227



    Claim ID : KDMAL151200038600
    Status : Claim Form 19 for PF Settlement AGAINST Member Account No (KDMAL00415050000025227) has been settled. Payment sent through NEFT.

    Claim ID : KDMAL151200038607
    Status : Claim Form 10C for Withdrawal Benefit AGAINST Member Account No (KDMAL00415050000025227) has been settled. Payment sent through NEFT.

    But till now it is not credited into my account. Usually how many days it will take to credit after approval.

    Please let me know, what further actions I need to perform.

    Thanks,
    Manjunath BN

    ReplyDelete
    Replies
    1. It usually takes 2-3 weeks for money to reach your account

      Delete
  46. Hello Anand,
    Could you please help me to understand doubt ?
    I work for company "x" which is india .They have deputed me to Malaysia as a contractor to company "y" .I am not receiving any salary from India in turn no EPF. Through company "y" I am receiving my salary. According to company "y" they cannot pay me EPF according to Malaysia contractor policy.
    So is it mandatory that Indian company "X" should release me the EPF as I am permanent employee of that company ?
    Or Is it still ok to have a employment without EPF ?

    Thank You,
    Abhijeet


    ReplyDelete
    Replies
    1. Usually EPF is only paid out by a company when they are paying your salary. If you are getting salary from company Y instead of X, i dont think X will contribute EPF

      Delete
    2. Hello Anand,
      Thanks a lot.I am bit curious to know one more thing.
      As I am not receiving any EPF now , so will it affect the 10 years tenture that require to qualify for the pension scheme.

      Delete
    3. Yes, the years are only counted if you are making monthly PF contributions.

      Delete
  47. Hello Anand,

    Thanks for the great work you are doing! I have a query regarding PF if you could please help me.

    I used to work in India from 2006 to 2013 and moved out of India thereafter. No contribution has been into the EPF account thereafter. I have around 14 lacs in EPF account. My UAN is active.

    I have a few questions on this:
    - Can I withdraw this amount? How?
    - What is the tax implication for withdrawing this amount?
    - Does the money earn some interest on it?
    - I found online that the account becomes inactive if there is no contribution for 3 years and that I can keep it active by contributing atleast Rs. 500 annually. Is there any advantage of keeping the account active?

    I really don't need the money. I am looking for options to put money to best use possible. Thanks in anticipation. Looking forward for some guidance.

    ReplyDelete
    Replies
    1. 1. If you are not employed in India, then Yes, you can withdraw the money
      2. Since you were employed from 2006 to 2013 I assume you completed a full 5 years of employment. If so, there will be no TAX.
      3. No, your account stops earning interest after the monthly contributions stop
      4. No this is not accurate. Your account doesnt earn interest for 3 years and neither can you contribute 500 annually. Thats for PPF not EPF
      5. No, you cannot keep the account active unless you are employed in India.

      You can contact your old employer and withdraw the funds or withdraw them once you come back to India in the future.

      Note: The money in your account wouldnt be earning any interest now until you come back to india, take up a new job and transfer this PF money into that account.

      Delete
  48. Hello Anand,
    I have a similar situation, was employed in India 1998-2015 and now transferred to USA. It is the same organization, but a new employment, I had to resign in India and Join in USA.

    My preference is to keep the account active for 2 reasons/questions,
    1.In future if I return to India and the start working. would it be beneficial to link to the same account (UAN) and continue contribution.
    2. There is a discussion in progress b/w India and USA for an agreement (similar to that of agreement b/w India and other countries), if this materializes in the near future it may be beneficial as I contribute to SSN in USA.


    Alternately, since the account becomes inactive and stops earning interest after 36 months, can I withdraw most of the money say 90% or 99% and leave a small amount in the account to take advantage for above 2 reasons?

    ReplyDelete
    Replies
    1. Firstly - yes, the account will earn interest but it wouldnt be credited to your account unless it is active. So, after 3 months, interest stops getting credited.

      if you are no longer a legal employee of the india office, you can withdraw your PF and when you come back you can reopen a new PF Account if you want. Alternately you can keep it open until you come back and resume the same but note the point on lost interest.

      No, you cannot withdraw just a part of the money. Its either a full withdrawal or none at all.

      Delete
  49. Dear Anand thanx u r saviour for many.. I had worked in a company for 8 years n left d job in Feb 2015 ...I m extending my break for another year.. What r my options if I don't want to withdraw my PF money

    ReplyDelete
    Replies
    1. Its your account and you can choose when to withdraw. Yes you can wait and transfer the acc to your new job whenever you take up the new job.

      Delete
  50. My previous company offered the PF rate @ 9.5%. However the present offers a lower rate @ 8.75% pa. Is it advisable to transfer the accumulations from the previous to the current employer on the pretext of compounding of the interest on the total accumulations albeit being at a lower rate ? Would the compounding exceed the benefit of transfer at a lower rate vis-a-vis retaining the funds with the previous employer at a higher rate of interest ?

    ReplyDelete
    Replies
    1. When you switch a job, you cannot pick and choose whether or when to transfer the PF. You have to transfer according to the rules and that is also the advisable course of action too.

      firstly - the old account will stop earning interest at the end of the 3rd month when your PF contribution is missed.

      secondly - pf interest rates change each year. There is no guarantee the old company will give 9.5% every year (and I highly doubt they gave 9.5% because the average PF Rates across the country are in the 8.5-8.75% range)

      Delete
  51. Dear Anand,
    I greatly appreciate your patience in helping so many people. I too have a query, hope you can guide me.
    I worked for a Central govt dept for about 8 months in 1986-87. Some of the salary was deducted towards PF. After resigning from that job I went to do higher studies, did not take up a job. Now, after 29 years I don't have any records of that job. But I remember the dept name. Is there any chance I can claim my PF from that period? Thanks

    ReplyDelete
    Replies
    1. Hi,
      29 years is a very long time and I highly doubt anyone would be able to help you get the money. Anyways, there is nothing wrong in trying.

      Do you know anyone from the department where you worked (who is still working there)? Your best bet right now would be to contact that department with proof of having been employed there to check if anyone has any info reg. your PF Account. If you can find the PF Acc info, then getting the money shouldnt be a big deal. The regional PF office of that area can help you get the money

      Delete
  52. Hi Mr.Anand,

    I need a proper advise from your side.My name is Ganesh Kumar K V,now residing at Cochin and running my own business.I was worked in a Bangalore based company for the period of 32 months from 01.08.2006 to 31.03.2009 and I was reputed to Kottayam,Kerala location.My PF account belongs to Bangalore EPF office.

    Recently I had requested the company for PF Settlement.They were sent a all forms. I had sent all requested hard copies (Form 10c,Form 15G,Form 19,PF withdrawal application,Id prrof,PAN card copy,Bank pass book front page,Cancelled cheque,Affidavit from Notary,Undertaking letter) on 07.01.2016.I used to ask the status,they were replied always "Your PF settlement is under process".

    Finally after 1.5 months I got a reply mentioned that," Your PF has already been settled in the year 2009, hence your current PF form has been rejected."But i haven't received any intimation and any amount from EPF office and said company.Kindly note that in the first part of mail they had mentioned that "Please note that you would receive 2 cheques with regards to your PF settlement. One from Company PF Trust, which would be your Provident Fund amount (employee and employer contribution) and the second cheque from the RPFC, which would be your pension amount (Employee Pension Scheme).I don't know what they are meant??

    I have a simple question,Without an Employee knowledge,any Employer can settle the PF amount ??

    Again I had sent a clarification mail,but they are repeating the same answer,your PF has already been settled.Kindly calrify my doubts pls.Eagerely waiting for your reply.

    ReplyDelete
    Replies
    1. Hi,
      There have been cases known to happen where malicious elements try to identify such dormant accounts which are unclaimed by the original owner and then make a bogus claim which the EPF office actually processes.

      Try to contact the EPF office and file a grievance stating that you were not the person who made the claim. Request details of how the PF Settlement happened, to who it was paid etc. Using this info, you can actually file a police complaint to recover your money.

      Anand

      Delete
  53. Dear Anand ,

    need your kind help..please read the complete scenario..I worked in a company A for 4 years in Chennai. After quitting joined company B in Bangalore immediately..quit that within 3 months(properly relieved) as I didn't like that job. The entire PF accumulated with company A were transferred to company B. Now I joined company C in Bangalore two months after quitting company B.. its been 4 months after i have joined cmny C. Now they have asked to transfer pf from previous org to current org via online. This requires getting the online form attested by the present employer after submission. But if i do so, my current employer will get to know about my short stint with company B (as it is mandatory to fill the previous establishment name in the online form) which i had not revealed during the interview fearing rejection. Can I tell my present employer C that i have already withdrawn pf balance from company A & so they dont have to bother about the transfer? Can I initiate the transfer after completion of 1 year or 1 1/2 years in the current org ? Is it possible? What are the repercussions? I don't want my current job to be impacted due to my hiding of employment with company B since its only 4 months after I joined the present org C. Looking forward for your valued suggestion

    ReplyDelete
    Replies
    1. Hi Anonymous, really sorry to hear about the situation but unfortunately the option ideally would be to inform company C about the stint in company B and request a transfer of the PF.

      If you tell them that you already got the PF money, they will try to create a new PF Acc for you which will be rejected by the EPF office because you have an acc already and company C will eventually find out about having a old company.

      You can initiate the transfer anytime you want - 1 or 2 years later also is ok but you wont be able to create a new PF Acc because EPF has already migrated to Universal Acc Number system and one individual can only have 1 acc.

      Best Wishes

      Delete
  54. Hi Anand,

    This is a wonderful repository of knowledge, however I could not accurately derive answer for my situation hence writing :-)

    I have been working in India based locations and contributing to PF since 8 years.. now I am about to join foreign location in next few months & will not be able to contribute to PF for few years at least.

    Questions:
    1. Will interest on my PF Fund stop immediately? and I will never be eligible to get that interest amount whenever I come back and join Indian company?
    2. If I keep it simple and want to withdraw now, can I withdraw most of it or as I read new rules, I can only withdraw my contribution + interest?
    3. If i can only withdraw my contribution, what will happen with remaining amount if I cant withdraw & cant contribute further?

    Many thanks !

    ReplyDelete
    Replies
    1. 1. Yes, interest will stop in 3 months time once monthly contributions stop. If you come back and resume the interest will also resume but for the period between now and the resumption - you wont get any interest.
      2. There is still some debate about whether government must enforce this new rule. Anyways, whatever be the prevailing norms at the time you leave the india company, you will be allowed to withdraw that
      3. The remaining amount will stay in your PF Acc, you can either resume once you come back or withdraw that post retirement age (depending on the governments decision)

      Delete
    2. Many thanks Anand :-)

      Delete
  55. Hi, thanks for the wonderful job that you are doing. I hope you can help me.

    I have worked with an small organization for 9 months. It deducted pf amount from my salary, but never provided any pf account no or pf statement. They have not mentioned pf no on salary slips as well. I asked them hundred times about my pf account no, but every time they made excuses.

    Now I have left the organization and they have still not provided me pf account no. I seriously doubt that they have never created any pf account and deposited any money in it. Now what can I do to recover my pf amount. I have properly resigned and served notice so nothing is unethical from my side. Please help me.

    ReplyDelete
    Replies
    1. You can try to ask them one final time and if they still refuse to share the info, you can actually contact a good lawyer who specializes in labour matters to recover the amount that was deducted as PF.

      If the company deducted PF, they are legally bound to have deposited that money with the EPF organization. If they did not, they can be penalized.

      Delete
  56. Hi - I am purchasing a flat from a reputed builder in Bangalore. I have taken a loan from a nationalized bank. I would like to utilize my EPF funds towards the loan taken from the bank and for future payments to the builder. Can you please advise me on how to go about this? Thanks.

    ReplyDelete
    Replies
    1. You can withdraw from EPF for purchase of house or repayment of loan. see here: http://anandvijayakumar.blogspot.sg/2010/12/can-i-withdraw-money-from-my-employee.html

      Delete
  57. Hello Anandji,

    I just want to know that I was worked in delhi and PF account opened at there. Now I am working in ahmedabad and wanted to transfer my PF account Can I transfer account from one state to another?
    If yes than whats the process?

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

      Delete
  58. 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.

    ReplyDelete
    Replies
    1. Please consult a good labour lawyer who can help you with the amount the old company owes you, including the PF dues.

      Delete
  59. I was working with a limited company since 2005. Till 2012 I was in India and in early 2013 I moved to US on an onsite assignment with the same company and now recently I have left the company and joined a US based company. Can I withdraw my PF? and if not will i get the interest on the amount available in the PF account?

    ReplyDelete
    Replies
    1. Yes, you can withdraw and No you will not get interest on the amount in the EPF Account. Once the monthly contributions stop, the account is tagged as Dormant and stops earning interest

      Delete
    2. This comment has been removed by the author.

      Delete
    3. I believe The new EPF Regulations come into effect on April 1st of this year. So, after that you will only get the employee contribution.

      Read this: http://anandvijayakumar.blogspot.sg/2016/03/recent-changes-to-epf-regulations-in.html

      Delete
  60. Hello Anand,
    I have one query, and hope you can clear my doubt. I have completed 5.3 yrs in my current organization and during two months notice period I tried two time to take advance loan against PF for Housing loan repayment without any success. They are rejecting my application with giving minor excuses. now since I am very close to join the new company, I can't give more try in existing company.

    since it is mandatory to have 5 yrs continuous services in order to apply advance loan for repayment, is it possible for me to try the same in new company (without waiting for another 5 yrs)if I am transferring the PF account to new company? would my tenure accumulate from previous employer ?

    Thank you in Advance.

    Deepak


    ReplyDelete
    Replies
    1. Yes, if the transfer is successful & completed, you dont need to wait another 5 years. The experience gets carried forward to your new job.

      Not: You would have to wait until the transfer is complete before you can make the advance request

      Delete
    2. Thank you - Anandji.

      one more query, how much tenure is required in order to apply for PF advance loan for Repayment of Housing loan (which has been taken care from third party, like LIC...etc) ?

      I was aware of 5 yrs and applied after 5.3 Yrs of service, however EPF has rejected my application due to lack of minimum of 10 yrs service requirement ?

      Delete
    3. Read this article: http://anandvijayakumar.blogspot.sg/2010/12/can-i-withdraw-money-from-my-employee.html

      Delete
  61. Dear Anand am working in two companies one is 1.Health care and second company is 2.YUM rastaurents India.
    Can i get two Companies PF...

    ReplyDelete
    Replies
    1. This is a tricky question. You can only have one EPF Account at any time. But, I dont think EPFO would mind if two companies are crediting money every month in the same EPF Account (though I couldnt find any documentary proof for this)

      Anyways, if the two companies know about your other job, it may not be a problem. Some companies dont allow their staff to work with other cos and may cause problems in the job.

      Delete
  62. hi sir,
    my name is sachin kumar. my old company update wrong account number in kyc information. when i asked they said it happen sometime in bulk uploading then he suggest me to upload a cancel cheque of bank account in kyc information so i do same as. now when i say to account department to approve it they guys says that it will be not approved from our side. epfo approved it and it take 15-16 days . so sir they guys says true? if they nor say true what i do for it?

    ReplyDelete
    Replies
    1. Updates to personnel records usually takes a few weeks so I think it should be ok. You can wait for 3-4 weeks and then recheck if the info is updated

      Delete
  63. Dear Sir,
    I Have Been Working With An Organisation For Last 11 Years. Out Of 11 Years I Have Been Based On A Foreign Location (Singapore) For The Last 5 Years- The Country I Am Currently Based In Doesnt Have Social Security Agreement With India.

    As Per My Contract For Foreign Deputation My EPF Is To Continue In India. My Monthly Basic Salary Is USD 5000/ Month.

    My Question Is - What Should Be My Employers And My Contribution To EPF India ?
    What Basic Salary Should Be Used For Calculation To Determine Contribution.I Have No Salary Component Paid In India - And I Do Not Pay Any Income Tax In India.

    My Contract Has The Following Wording Regarding Pension- \" Company Will Maintain Your Indian Pension Contribution

    ReplyDelete
    Replies
    1. As per your Job offer letter in India, whatever is the basic salary in Rupees, that will be used for the calculation. Not the foreign salary

      Delete
    2. sir, i dont draw any salary in india so what should be the basis ? In essence i resigned from my India company and joined Singapore entity - the reason the clause was incorporated because i was not eligible for CPF in singapore.

      Delete
    3. If you are no longer an employee of the India entity, you wont get any EPF.

      Delete
  64. Dear Anand

    Me and my colleage are working in a private limited company. Both of us have opted out of EPF and our salary at entry level is 16500 and 15800.

    The problem is that my colleage who joined last month, comes from a village and is semi skilled. The HR manager says that since we are not a member of EPF then we shall receive payment by cheque only. I do have a bank account but my colleage does not even have a Identity Card and hence cannot open a bank account. The company is not ready to pay him by cash, but vide cheque only.

    Hence I just wanted to confirm whether is it true/manadatory that one not being a member of EPF and salary above 15000 is not entitled to receive his payment in cash and has to receive it by cheque only. If yes, then what can be done for my poor colleage as he is unable to open an account.

    Thanks

    ReplyDelete
    Replies
    1. Hi,
      Companies these days DO NOT offer cash for people especially those where amount is higher than 15k. So, ask your friend to apply for an ID Card and a Bank Acc and then get the payment.

      Even if the cheque isnt an Account Payee cheque that can be cashed @ the branch, your friend will still need an ID to prove his identity before the bank will issue cash.

      Delete
  65. Hi Anand,

    Usually, what happens to the previous Provident Fund Account when the amount is transferred to the current account?

    I had raised a transfer claim request to transfer the amount from my Previous PF account to my current PF account. But even after getting the amount transferred to the new PF account, I can see an interest amount credited to the previous PF account?

    Should be raising a fresh request to get this interest also transferred?

    Thanks,
    Prajitha


    ReplyDelete
    Replies
    1. Usually the old account is closed. I believe this could have been due to a clerical error or mistake. Contact EPF office to find out why interest is being credited even after the account corpus has been transferred out into another PF Acc

      Delete
  66. hi. i had a question which i wanted you to answer. i have resigned from my company recently after 4yr 8 months of service as i am going for higher studies. i do no wish to withdraw my pf balance since i would incur tax on the same. i have asked my employer to keep my account dormant for the period of my study and as and when i find a new job i will shift my existing pf account. i also have my UAN. is it a good idea? can it be done? my HR says it cannot be. need your opinion.

    ReplyDelete
    Replies
    1. Hi Aneesh - since you wont be joining a new job according to the EPF laws you can withdraw the money. This is probably why your HR is saying it cannot be done.

      If you insist on keeping your account dormant, I think it is doable however the account WILL NOT draw interest during the period you are abroad. Once you come back, get a new job and transfer the old PF Acc and merge it with the new account, then only interest will be earned. At that point you will need the help from your current HR who may or may not be willing to take up the paperwork so many years down the lane.

      so, I would recommend you withdraw the money even if it means you pay taxes because firstly it will be easier to get your HR to cooperate now than 3 or 4 years from now. Secondly if the EPF corpus stays in the account and does not earn any interest, you will probably end up losing almost as much money as you probably will pay in taxes this year.

      Delete
  67. Hello Anand sir, i just know that i have allready one running pf account with my job. but i need more one job. if in case i did both company's job at the same time with one pan card pf account. so its legal or not. i mean on the one pan card we can open two pf account or not?

    ReplyDelete
    Replies
    1. Hi - Legally I dont see any problem in having 2 PF Accounts with one PAN Cards as long as both are proper Jobs However, either company may have a problem with you working for another company and if the job offer you signed in job 1 says you cannot take up any part time or full time jobs with someone else while on the payroll of job 1 then you cannot do that. In this case, it would be considered illegal.

      Delete
  68. can i have your email id i have a big query about pf calculation .please can you send me a test mail.i will reply back or can me give me your mail id

    ReplyDelete
    Replies
    1. Akshay, you can leave your comment here so others could benefit from your query too. Hope you have already read this article if not - pls do

      http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html

      Delete
  69. Hello Anand,

    I have been working for 26 months with my current employer. However now I am quitting to pursue higher education. I don't intend to withdraw my PF amount. Can I keep it intact in my PF account or is it mandatory to withdraw it?

    ReplyDelete
    Replies
    1. It is not mandatory to withdraw. You can keep the account open and then transfer the EPF to your new job after you finish education

      Delete
  70. Hi Anand Sir,

    I have worked in TCS for 3 years and my Name was there Neha Tomar(Although in PAN card, passport and in all other documents it is only Neha. TCS open my EPF account with 'Neha Tomar' name. Now I changed my organization and in new organization my name is only 'Neha'(Because in document it is only Neha) and they have opened my pf account with name 'Neha' only.
    My query is "if I will face any problem while transfer the pf from tcs to new organization" and if yes what can be the probable solution?

    ReplyDelete
    Replies
    1. yes, it could be a potential problem because the name doesnt match your documentary proof. Better contact TCS to get the name in your EPF acc corrected before you initiate the transfer.

      Delete
  71. Hi Anand,
    Is EPF and ESI mandatory for vehicle contractor (hiring vehicle contractor)

    ReplyDelete
    Replies
    1. Please consult the regional PF office. I am not the best person to comment on organizational PF matters

      Delete
  72. Hello, thank you for your inputs in a simple way. I have a situation can you please let me know who to check it ?
    I worked in a company for 21 months, and left the company and withdraw my entire amount. I didn't work for a span of 1 year. Now i have rejoined in the same company. I wanted to know whether my UAN Account No is still active or its lapsed now ( since not active since one year). I have checked online but it is showing as active. How to authenticate it ?

    ReplyDelete
    Replies
    1. As far as I know, the UAN is permanent. You can provide the same to your new job and I think they can continue to use that acc for you

      Delete
  73. Hi Anand,

    I was working in company 'A' and now working in 'B'. My UAN number is activated already. I have 2 PF accounts, one from company 'A' and another from company 'B'. I can see both my pf account numbers in UAN member website.

    My question is, since I have not claimed for transfer of amount from company 'A' PF account to company'B' PF account, do I get PF interest paid only for company 'B' PF account now? or irrespective of number of PF accounts for a UAN number, do I get PF interest paid for total sum of PF accounts ? so, do I need to claim for transfer of amount from company 'A' PF account to company'B' PF account?

    Please help me.

    Thanks,
    Soma

    ReplyDelete
    Replies
    1. Yes, you need to transfer the PF from company A to company B to enjoy interest on the entire corpus

      Delete
  74. Anand, I did served 18 years in one Organization and planning to resign now to establish my own business. My Org has their OWN PF Trust and my question is I can claim my full PF amount or only I can with draw Employee contribution alone based on recent GO from Government in Feb 2016 on PF Withdrawals. Recent Government GO talks only we can with draw employee contribution and employer contribution can with draw only after 57 years of retirement age. Since our Org has own PF Trust, still this government order applicable to us? Please clarify I can with full PF amount or only my contribution alone?

    ReplyDelete
    Replies
    1. Even though your PF Acc is maintained by the company trust, still the rules set forth by Government are applicable

      Delete
  75. Hi,

    I had worked for about 4 years and have about 3.3 lakhs in my EPF account (employee and employer contribution included).

    I had two queries,

    1) Govt has recently proposed to divert money lying in unclaimed EPF accounts towards senior citizen's welfare fund. I have not made any contributions in last 4 years as I'm presently unemployed. So will my EPF account be treated as unclaimed?

    2) Can I withdraw it fully and will it be taxed? If yes, approx how much would I need to pay as tax?

    ReplyDelete
    Replies
    1. 1. Yes, correct.

      2. You can withdraw the Employee contribution because the new rule came into effect April 1st. And yes, it will be taxed

      Reg. Tax - The amount you get will be added to your annual income and taxed accordingly

      Delete
  76. Hi Anand,

    Thanks much for the consolidated information.

    I have a question.

    If a employee left an organization A on 29 Jan 2016 and Joined an organization B on 10 Feb 2016. Here there is a gap of 12 days.

    Is he eligible for the pension ?

    Generally how many days gap will be grace period for a employee when he switched job ? (for the eligibility of pension)

    ReplyDelete
    Replies
    1. I believe you are talking about EPS (Employee Pension Scheme)

      If that is the case, the eligibility for pension is determined by 10 years of combined EPF contribution + services. There can be breaks in between jobs and it doesnt matter. You could even take a few weeks/months break, keep the old EPF Acc active and then start a new job and transfer the old EPF and continue the EPF contribution.

      Delete
  77. Hi Anand,
    I worked for an organization for almost 2 years and they deducted PF every month but still did'nt give me my PF number. When asked about PF number there is no response from them. I also quitted that job 3 months back.. Onething I need to know.. How much time it will take to generate PF number? Is my previous employer cheating on the employees by only deducting the money and not giving the PF number? Please guide me.

    Thanks.

    ReplyDelete
    Replies
    1. Nobody can accurately say exactly how much time it takes to open a PF Acc but i am 100% confident it is not 2 years. Usually people get their PF Acc info within the first 2-3 months of them joining the company.

      So, there is a good chance that they are doing something incorrect. contact a good labor lawyer

      Delete
  78. Hello ,
    I have a query .
    I have put 4 years of service in a company and now have left the country .i resigned as I was settling abroad .
    I have claimed the PF amount from my previous organization .
    The amount was paid thru cheque and the same was deposited late by the company and was credited in my account on 10th April but the cheque date was 31 st March and tax of 80,000 was been deducted .
    Now since I am not working so whether this amount will be recognized for the current year or previous year .
    If its current year so I claim refund of this tax as I have no income and if its previous year then can in anyway I claim this amount as the same was credited to my account in the current FY

    ReplyDelete
    Replies
    1. Since the TDS was deducted by EPF office in the previous financial year, this PF money will get added to that years total income and will be taxed accordingly.

      If you need help minimizing your tax liability, check out my book on tax savings here: http://anandvijayakumar.blogspot.sg/p/books-by-this-blog-author.html

      Delete
  79. its look that some employer not contribute his share but deducted his share amount from employees salary . it that any rules to contribute only employees share .

    ReplyDelete
    Replies
    1. No. As far as I know, EPF needs both employee and employer to contribute

      Delete
  80. Hi Anand ,

    I left my previous company on 09-Apr-2014 .I applied for PF transfer during aug-2014 .
    Still those people havent transferring my money to new account. If I send them mail they are asking to wait for one more month..
    so far they pushed this process for close to 2 years . Can I file a case on them, I have all mail proofs .? rite from 2014
    Can you pls guide me in .
    My Mail id : kishorenkvv@gmail.com

    ReplyDelete
    Replies
    1. Yes, you can. IT shouldnt take 2 years. Contact a good lawyer who specializes in labour laws

      Delete
  81. hi

    Pan number is essential for less than 5 years of service... my doubt... Is pan number needed for withdrawal amount less than 50000??

    ReplyDelete
    Replies
    1. PAN is Mandatory for all PF withdrawals, irrespective of the no. of years of service or amount.

      Delete
  82. Hi Anand,

    I have a question pertaining to Online PF transfer.
    I have initiated for an online transfer of PF. I chose attestation by my previous employer. My previous employer has approved this request. Just wanted to know, what are the next steps here? Does my current employer also need to approve this request?

    Status as follows:

    11 Mar 2016 Claim Form Submitted.
    14 Apr 2016 Claim Form Approved by Previous Employer.

    Do I need to chase my current employer also for approvals?

    I would really appreciate some guidance here.

    Thanks.

    ReplyDelete
    Replies
    1. Yes. If the old employer has approved the request, it comes to the current employer.

      Delete
    2. Thanks a lot for your prompt response. I'll follow up with my current employer now.

      Delete
  83. Sir My joining date 1-Dec-2012 Basic salary 4,500 (EPF Deduction 12% RS 540) date of resign 30-7-2015
    my totally withdraw money is 22000+8500=32500 lump sum
    but my PF details in online company not deposit their employer part from 10 month

    My question is that this withdraw money is correct or wrong about your calculation

    ReplyDelete
    Replies
    1. Hi,
      Even though employer contrib is also 12% (540) it gets split into multiple components and gets deposited in different places. Read this: http://anandvijayakumar.blogspot.sg/2013/03/employee-provident-fund-demystified.html

      I cannot comment on whether the amount is correct without knowing the breakdown of the employer contribution.

      Anyways, the online statements are usually backdated by at least 3-6 months and not up to date. If you suspect, you can ask for a detailed up to date statement and if your employer hasnt made proper payments, you can take it up with a lawyer and fight for your money

      Delete
  84. Hi Anand,
    I worked for a company A in Bangalore for 4.5 years post which i went for higher studies. I had not withdrawn my PF during this time. Post my studies I joined a new organization B and gave my old PF details. I had a new PF account in the new company in Mumbai. I have now shifted to a new company C . I wanted to know that do I have to raise a request for PF transfer for both my company A and B to new PF account separately ? Also whether the interest earning of my PF amount in account A would have stopped 3 months post my resignation ?

    ReplyDelete
    Replies
    1. Yes, interest stops when an account becomes inactive after 3 months however now the government recently announced that even inactive accounts will earn interest. Am not sure if they will go back and retro-pay interest for such accounts.

      anyways, yes you have to initiate two transfer requests to get pf from A and B to C

      Delete
  85. First of all Hats off to you Anand and thanks for helping out everyone.
    I need one suggestion. I have worked for a company from May 17 2010 to Sep 2 2015 and another company from Sep 21 to Jan 1 2016.
    Now I am in overseas and do not intend to work in India. Should I take back My PF amount?? I got an information that if I do not withdraw then all amount will be taken back (may be I am misguided).

    ReplyDelete
    Replies
    1. Taken Back? Yes, you are misguided. The EPF or the Government does not take back the money. However, some malicious elements may try to bribe government officials to access unused accounts and withdraw funds.

      So, its safer if you withdraw the money from your EPF Accounts as early as possible.

      Delete
  86. My name in EPF passbook is incorrect. I have applied for the correction 2 months back but till date no correction has been done. How much time is taken by the EPF office for rectification?

    ReplyDelete
    Replies
    1. It usually takes 4-6 weeks but there is no guarantee. Wait for another 3-4 weeks else contact your employer and check for the status of the request

      Delete
  87. Hi Anand,

    Thanks a lot for what you are doing.

    In my case, I changed my job and hence decided to transfer the PF accounts. I tried to this from both last and current employer sides but even after their approval the transfer claim was rejected. They said they will send a rejection letter with details but we all know they don't do that often. So, I decided to withdraw the money from the old account. Well, even this time I got a text saying that the claim has been rejected and a letter will be sent. I got no letter. I emailed EPF support, filled the grievances, got no reply. What should I do now to make this clear?

    Thanks in advance.
    Anubhav

    ReplyDelete
    Replies
    1. Pls read these 2 articles:

      http://anandvijayakumar.blogspot.sg/2013/04/can-i-get-my-epf-related-grievances.html
      http://anandvijayakumar.blogspot.sg/2013/04/what-options-do-i-have-if-epfo.html

      Delete
  88. Dear Frnd,

    I m Gobinda from delhi.

    My query is ......

    I m a private employee. in case i have left my job. already deposited 50000 in pf account. now i have not withdraw. after 1 year company is closed. so after 5 years i will withdraw my pf amount or not ( because withdraw is possible after company sign )

    ReplyDelete
    Replies
    1. Pls contact the regional PF Office near you. For cases where the company is closed, they will still allow withdrawal but after a few processes

      Delete
  89. I have a question that in some organisation the employer divide the salary as basic 3500 +HRA 900 + others 7600 to save the EPF Contribution. Is it right way ??? Please answer.

    ReplyDelete
    Replies
    1. Unfortunately, there is nothing wrong (law wise) in a company structuring the salary of its employees that is most beneficial for them.

      Delete
  90. Is there have any process to withdrawn my earlier company PF Balance without help of employer? If have any process kindly share the same because employer is not entertaining my request.

    ReplyDelete
    Replies
    1. Yes, I heard that the EPF office is planning to introduce a new form for withdrawal of EPF that doesnt require Employer signature. But, the details of the same are not fully clear. Pls check with EPF office near you

      Delete
  91. Hi Anand,

    I received a message today that my pf claim has been approved and the payment is in process. How long would you say it will take for the payment to be sent to my bank.

    Thanks in advance.

    ReplyDelete
  92. Hi Anand Sir,
    I was working in a company for 7 months and quit that job on April, 2015. I applied for PF process on the same day of relieving. But, I haven’t got my PF claim. On enquiry, my previous HR told me, for the duration of minimum amount of service, the only possible way is to transfer and not to make claim on PF. But, I enquired personally in PF office. The officials said me that minimum 4 months of service is enough to get the claim. Upon that Enquiry, they resubmitted my form on April, 12, 2016. But, the problem is still the money not got activated into my account. Still how many days does it take?
    Meanwhile, I have been working for another office for the past 8 months. But, I have joined in my present company only after 4 months of my former. I want to make claim on that money not want to transfer. Can I make? Thanks in advance.
    I want to thank your blog. Before I made my query, I was going through some of the queries of others. Detailed and satisfied answer.

    ReplyDelete
    Replies
    1. If you take a break of 4 months you are eligible to withdraw the PF from an old account plus, even if its only 3-4 months also you can get your money. The usual processing time is 8-12 weeks.

      Delete
  93. 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...

    ReplyDelete

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