Hi I want to know, can i withdraw my PF amount if i quit from my current employer. Are there any specific rules and regulation in case of PF withdrawal.
1
You can fill the PF withdrawl form (Form 19) & EPS withdrawl Form (Form 10C) and can get it signed by your employer and submit the same in PF office.
Within 3-45 days, you can get your PF/EPS withdrawl amount.
Regards,
B. S. Negi
From United States, Santa Clara
Within 3-45 days, you can get your PF/EPS withdrawl amount.
Regards,
B. S. Negi
From United States, Santa Clara
Thats true,
But why to withdraw the amount and why not to transfer it into new Pf a/c , that you will have in your new job, it will take few months but then you will be getting the Intrest on it at 8.5% , so why to withdraw , what i suggest is to clubb it with your new PF a/c
Regards,
Abhishek
From India, Chicalim
But why to withdraw the amount and why not to transfer it into new Pf a/c , that you will have in your new job, it will take few months but then you will be getting the Intrest on it at 8.5% , so why to withdraw , what i suggest is to clubb it with your new PF a/c
Regards,
Abhishek
From India, Chicalim
You can do that also. Fill Form No. 13 & submit to the current employer. Regards, B. S. Negi
From United States, Santa Clara
From United States, Santa Clara
Hi Dear,
If you have been employed with your past employer for a period less than six months, it is better that you get your PF amount transferred to your new company, because if your period of PF contribution is less than six months, you will not be getting the employer contribution. You will get only the amount deducted from your salary & not the amount the employer has paid towards your PF Contribution.
Regards,
Santosh Iyer
From India, Pune
If you have been employed with your past employer for a period less than six months, it is better that you get your PF amount transferred to your new company, because if your period of PF contribution is less than six months, you will not be getting the employer contribution. You will get only the amount deducted from your salary & not the amount the employer has paid towards your PF Contribution.
Regards,
Santosh Iyer
From India, Pune
I have worked for a company for 5 years and resigned. As the company called back, I joined back and resigned after 8 moths. The company was not willing to releave me. Now, the company is signing the PF form. In this circumstances, I have directly submitted my PF wthdrawal form obtaining the signature of my bank manager. But the PF officers have not accepted and insisted for company's signature.
Can anybody advice me how can I get my PF amount in this situation ? Secondly, the company has not been paid their contribution for last 2 years. So can I get the full amount ?
Please advise.
Joy
From India, Ahmadabad
Can anybody advice me how can I get my PF amount in this situation ? Secondly, the company has not been paid their contribution for last 2 years. So can I get the full amount ?
Please advise.
Joy
From India, Ahmadabad
Hi,
I was working with a big MNC, and after completing one year, I changed my job and joined a small company. But, just after completing 2 months,I left that company because of some personal reason and joined the other one. In my second company, I used the same PF account, I had received in my first company.
In this new company, I can not tell them that I have worked in a company for 2 months.
Now, the problem is, in this new company, they are asking me to create a new PF account. So for that either I can withdraw the old PF amount or transfer the same to my new account.
So could anybody please tell me, how to get the PF amount of those two months I had worked in my second company. Is it possible to get that amount?
From India, Bangalore
I was working with a big MNC, and after completing one year, I changed my job and joined a small company. But, just after completing 2 months,I left that company because of some personal reason and joined the other one. In my second company, I used the same PF account, I had received in my first company.
In this new company, I can not tell them that I have worked in a company for 2 months.
Now, the problem is, in this new company, they are asking me to create a new PF account. So for that either I can withdraw the old PF amount or transfer the same to my new account.
So could anybody please tell me, how to get the PF amount of those two months I had worked in my second company. Is it possible to get that amount?
From India, Bangalore
I was working with a Limited Company, and after completing three year, I resigned my job and just after a month I joined the same company. But,second time my PF no. was changed and again I worked for a year. So I put a request to the company to transfer my first PF amount into the Second. But still its not done.
Now again I left the company because of some problem and joined another company just before one month.
The problem is, the both PF amounts are not cleared. First PF is one year Old and the second is up to before one month.So now can I withdraw that PF amount which is up to March 07 ? and whats about second PF amount ? Please suggest me. Its a huge amount.Is it possible to get that amount?
From India
Now again I left the company because of some problem and joined another company just before one month.
The problem is, the both PF amounts are not cleared. First PF is one year Old and the second is up to before one month.So now can I withdraw that PF amount which is up to March 07 ? and whats about second PF amount ? Please suggest me. Its a huge amount.Is it possible to get that amount?
From India
If Manish doesnot want to disclose that he had worked in a company for two months, don't go for transfer but apply in form 19 and 10C for withdrawal benefits throught that previous employer. This is because, form 13 is required to be sent through the present employer. Therefore, avail withdrawal benefit.
As per rule, the EPFO is suppose to accept form 19 and 10C signed by a Bank Manager. If refused, try with signature of a PF Trustee or Member of Parliament.
Vinod has multiple PF accounts. If you have not sent form 13 for each transfer separately closed them permanently since all are with limited period only. If you maintain good relation with the previous employers send the forms through them only.
Regards,
Madhu.T.K
From India, Kannur
As per rule, the EPFO is suppose to accept form 19 and 10C signed by a Bank Manager. If refused, try with signature of a PF Trustee or Member of Parliament.
Vinod has multiple PF accounts. If you have not sent form 13 for each transfer separately closed them permanently since all are with limited period only. If you maintain good relation with the previous employers send the forms through them only.
Regards,
Madhu.T.K
From India, Kannur
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