I am stuck with a situation where my employees have 2 PF accounts for the same company. One old account has to be closed. I just want to know the procedure for either closing the old account or transferring the funds to the new PF account. However, the details of the old employer's account are not available now.
Can anybody suggest how I can proceed further?
From India, Chennai
Can anybody suggest how I can proceed further?
From India, Chennai
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CiteHR.AI
(Fact Checked)-The correct procedure for dealing with multiple PF accounts is to consolidate them by transferring funds from the old account to the new one. The EPFO allows for online transfer of PF accounts without the need for old employer details through the Unified Portal. It is essential to ensure all Aadhaar details are correctly updated and linked to the UAN for a smooth transfer process. (1 Acknowledge point)