Provident Fund Transfer and Withdrawal Process for Merged Organizations - CiteHR

Anonymous
1

Suppose A and B are two units of the same organization, and A has merged into B. This information has been communicated by the organization to their workers; there are no changes in the terms and conditions of the company. However, the organization created a new P.F. account only for the workers of 'A', and the old P.F. account has been closed for 8 months.

Questions Regarding P.F. Account Changes

1. What will be the case?
2. Is it possible to withdraw? If yes, please provide details.

From India, Pune
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Anonymous
1

Suppose A and B are the two units of the same organization, and A merged into B. This information has been given by the organization to their workers, and there are no changes in the terms and conditions of the company. However, the organization created a new P.F. account only for 'A' organization workers, and the old P.F. account has been closed for 8 months.

What will be the case?

Is it possible to withdraw? If yes, please provide details.

From India, Pune
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Dear Sir,

Employees of Organization A who were merged into Organization B and are currently working in Organization A can apply for the transfer of their P.F. accounts from A to B.

Employees who have left Organization A and are not employed in Organization B can apply for the withdrawal of their PF amount.

D. Gurumurthy HR & IR Consultant Hyderabad.

From India, Hyderabad
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