Hi,
I worked in a company for 2 years. Now i am resigned and joined in a new company as a consultant. As i am a consultant i don\'t have PF account for this job. Now i want continue the old PF account using some contribution every month. Is it possible, how?
And if it is possible if i want to withdraw money after some days, am i need to take old company permission letter?
From India, Hyderabad
I worked in a company for 2 years. Now i am resigned and joined in a new company as a consultant. As i am a consultant i don\'t have PF account for this job. Now i want continue the old PF account using some contribution every month. Is it possible, how?
And if it is possible if i want to withdraw money after some days, am i need to take old company permission letter?
From India, Hyderabad
Dear
You can't continue PF contribution as the in the present job don't have PF deduction.
You can withdraw your PF amount after two months from the Date of Leaving the organisation.
Need to fill 19 & 10 C form for withdrawal and should approach the Previous company for the Authorised Signature...as the PF account and contribution was maintained and remitted by them.
From United Kingdom, London
196You can't continue PF contribution as the in the present job don't have PF deduction.
You can withdraw your PF amount after two months from the Date of Leaving the organisation.
Need to fill 19 & 10 C form for withdrawal and should approach the Previous company for the Authorised Signature...as the PF account and contribution was maintained and remitted by them.
From United Kingdom, London
Hi, The other similar option you have is to open a public provident fund PPF account with any branch of SBI ( state bank of India). Kind regards Dayanand L Guddin
From Singapore, Singapore
From Singapore, Singapore
Dear
Since you have left the organization and the present job does not have PF deduction provision, you cannot continue to contribute towards old PF Account. Contribution towards PF A/c has to be made by the employer and deposited to concerned authorities. In case you still want to have a PF a/c on your own, go for PPF A/c as suggested by one of the learned writer above. When you wish to withdraw the contribution made earlier to PF A/c , you will need to approach the earlier employer organization authorities to testify your identity and certify your claim.
AK Jain
HR Personnel
NCL, CIL
From India, Jabalpur
Since you have left the organization and the present job does not have PF deduction provision, you cannot continue to contribute towards old PF Account. Contribution towards PF A/c has to be made by the employer and deposited to concerned authorities. In case you still want to have a PF a/c on your own, go for PPF A/c as suggested by one of the learned writer above. When you wish to withdraw the contribution made earlier to PF A/c , you will need to approach the earlier employer organization authorities to testify your identity and certify your claim.
AK Jain
HR Personnel
NCL, CIL
From India, Jabalpur
Dear
You have enough time to withdraw the PF and presently you have joined in consultancy. Future you may continue with PF number. if you wish to draw the PF amount, you can withdraw the same.
Thanks,
Mounesh G
From India, Bangalore
You have enough time to withdraw the PF and presently you have joined in consultancy. Future you may continue with PF number. if you wish to draw the PF amount, you can withdraw the same.
Thanks,
Mounesh G
From India, Bangalore
Dear Sir, If you are working in any co. only, you can continue your PF membership. As an individual, you cannot contribute to PF. D.Gurumurthy HR & IR Consultant, Hyderabad.
From India, Hyderabad
From India, Hyderabad
I understand that from July 1, 2013, you can withdraw the PF amount by filing for it online
The signature and approval of the employer you were working with is no longer necessary.
however, the employer must have filed the return of employees leave service, to show your status of having left the organisation.
From India, Mumbai
The signature and approval of the employer you were working with is no longer necessary.
however, the employer must have filed the return of employees leave service, to show your status of having left the organisation.
From India, Mumbai
@Dlghr89, Arunjain.Ncl
Sir,
If i open any PPF account in SBI. Is it possible to link my Present EPF account to the PPF account to get beneficial of pensions policies (Like min 10years continuity of PF). Like in the same way, can we able link PPF to another EPF account in future ?
From India, Hyderabad
Sir,
If i open any PPF account in SBI. Is it possible to link my Present EPF account to the PPF account to get beneficial of pensions policies (Like min 10years continuity of PF). Like in the same way, can we able link PPF to another EPF account in future ?
From India, Hyderabad
No, you can not link a PPF to EPF account
They are Independent of each other.
Most people I know are happier not getting the pension and instead getting the entire money back from pf, which they can instead invest and get better returns. Please consider that path since anyway for you continuing with pf at this point is not possible.
From India, Mumbai
They are Independent of each other.
Most people I know are happier not getting the pension and instead getting the entire money back from pf, which they can instead invest and get better returns. Please consider that path since anyway for you continuing with pf at this point is not possible.
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls