Im currently working with a MNC and i want to quit it in another 3 months,,, so my total work time will be 3 months there.. Im joining another company immediately after quitting.. I dunn want the second company to know i was working earlier just for 3 months.. AND I DUNN CARE ABOUT THE 3 MONTHS PF MONEY.. I just wanna join the new company and settle there.. can i open another PF account with them.. or will there be any clash of accounts if i get another PF account.. I reli dunn want any money or transfer the money to the second company.. Let EPF keep the money with themselves.. is this possible that my new employer will not come to know that i was with another company for 3 months.. can i open another new PF account with my new employer.. will EPF not allow because i will be telling my pan number n they mite come to know.. please suggest asap..
Inorder to get withdrawal benefit it is mandatory that you should not be employed in another establishment where PF is applicable. For those who resign the company for going abroad and for women members resigning after getting married this is not applicable. If you do not get employed, then you can withdraw the balance.
If you have not been allotted Social Security Number, you will get new account number when you join another establishment. If you do not want to transfer your old account, you can do so.
From India, Kannur
4249If you have not been allotted Social Security Number, you will get new account number when you join another establishment. If you do not want to transfer your old account, you can do so.
From India, Kannur
Dear shahab_shah,
You can get sign of any class I governement officer, district Magistrate, post master etc etc.
No need to get signature of your employer company.
If provident fund department do not authorise such attestatation, then a make a hard complain to Regional provident fund department with cc to national fund office and other government ministry.
Madhu T.K
"Inorder to get withdrawal benefit it is mandatory that you should not be employed in another establishment where PF is applicable"
many organisation and employee do not follow this rule and the same have been outdated. I have claimed my provident fund account inspite of the fact that I was working with an other organisation falling unde provident fund scheme.
In fact, most of PF rules are now become outdated and they are contributing to addition of unclaimed pf amount only.
best regards,
Mahendra rana
a Blog on Indian Commercial Law
From India, Jamnagar
You can get sign of any class I governement officer, district Magistrate, post master etc etc.
No need to get signature of your employer company.
If provident fund department do not authorise such attestatation, then a make a hard complain to Regional provident fund department with cc to national fund office and other government ministry.
Madhu T.K
"Inorder to get withdrawal benefit it is mandatory that you should not be employed in another establishment where PF is applicable"
many organisation and employee do not follow this rule and the same have been outdated. I have claimed my provident fund account inspite of the fact that I was working with an other organisation falling unde provident fund scheme.
In fact, most of PF rules are now become outdated and they are contributing to addition of unclaimed pf amount only.
best regards,
Mahendra rana
a Blog on Indian Commercial Law
From India, Jamnagar
I would simply suggest, as I m in Payroll dept sincel last 1.6 months..
I suggest to withdraw ur PF and reopen a new account with new company as the proccess of transferring PF a/c is lengthy and slow...
From India, Mumbai
I suggest to withdraw ur PF and reopen a new account with new company as the proccess of transferring PF a/c is lengthy and slow...
From India, Mumbai
Dear Mahendra Rana,
The rule that an employee shall withdraw the PF amount after ensuring that he is not employed in any establishment to which PF is applicable has not become outdated but by custom only we withdraw it. The very purpose of obtaining form 11 from a new employee is to ensure that he was not employed in any establishment to which PF applied or to get his old PF number, if previously he was a member of PF.
Regards,
Madhu.T.K
From India, Kannur
The rule that an employee shall withdraw the PF amount after ensuring that he is not employed in any establishment to which PF is applicable has not become outdated but by custom only we withdraw it. The very purpose of obtaining form 11 from a new employee is to ensure that he was not employed in any establishment to which PF applied or to get his old PF number, if previously he was a member of PF.
Regards,
Madhu.T.K
From India, Kannur
Dear Madhu,
Actually this provision is being misused by some employer in case of resigned workers. Recently I came to know about such an incidents. Some of my friends have left an organisation and they joined a new one. Now when they submit their pf withdrawal request 2 of them got their form duly signed by their ex employer the ex employer company refused to approve their pf claim for remaining two employees because the company was not willing to relieve them as they were doing good service for the company at a throw away salary. however they left hence company acted in a prejudiced manner. The ex employer rejected pf withdrawal form of these employees on the ground that they are already in a job which is a member of PF scheme and there these employees have given a false declaration in this regard. Surprisingly this fact was true in case of all the four employees and ex employer was already knowing it however they have cleared pf withdrawal of 2 employees without any objection!
However, I helped both the employee and they have successfully withdrawn their money now. but lead an impression that how even MNC companies can adopt such unprofessional approach.
best regards,
A blog on Indian Commerical and other laws
From India, Jamnagar
Actually this provision is being misused by some employer in case of resigned workers. Recently I came to know about such an incidents. Some of my friends have left an organisation and they joined a new one. Now when they submit their pf withdrawal request 2 of them got their form duly signed by their ex employer the ex employer company refused to approve their pf claim for remaining two employees because the company was not willing to relieve them as they were doing good service for the company at a throw away salary. however they left hence company acted in a prejudiced manner. The ex employer rejected pf withdrawal form of these employees on the ground that they are already in a job which is a member of PF scheme and there these employees have given a false declaration in this regard. Surprisingly this fact was true in case of all the four employees and ex employer was already knowing it however they have cleared pf withdrawal of 2 employees without any objection!
However, I helped both the employee and they have successfully withdrawn their money now. but lead an impression that how even MNC companies can adopt such unprofessional approach.
best regards,
A blog on Indian Commerical and other laws
From India, Jamnagar
hi if i leave a company before a year can i withdraw my pf after 1 year ? is there any special formalities there to withdraw my pf amount
From India, Madras
From India, Madras
DEAR SIR,
Kindly please confirm I have resigned from ex-company from last 3 year back now I want to withdrawn my PF amount back and the meanwhile my employer not ready to signed on PF withdraw form so can I get my PF amount or not please confirm the same..
my telephone no. given below
AVNEET SINGH
09219623555
mail I.d.:
Kindly please confirm the status on above mail I.D.
From India, Mumbai
Kindly please confirm I have resigned from ex-company from last 3 year back now I want to withdrawn my PF amount back and the meanwhile my employer not ready to signed on PF withdraw form so can I get my PF amount or not please confirm the same..
my telephone no. given below
AVNEET SINGH
09219623555
mail I.d.:
Kindly please confirm the status on above mail I.D.
From India, Mumbai
If your previous employer is not traceable you may send the withdrawal forms (form 19 and form 10 C) directly to EPF Office after attesting your signatures in the forms by the Manager of the Bank to which SB account you want to get your balances transferred. Your signatures can be attested by a gezetted officer, MLA/ MP etc.
While sending the forms please attach one cancelled cheque leaf with MICR code of the bank inorder to facilitate the EPFO to make electronic transfer of funds.
Regards,
Madhu.T.K
From India, Kannur
While sending the forms please attach one cancelled cheque leaf with MICR code of the bank inorder to facilitate the EPFO to make electronic transfer of funds.
Regards,
Madhu.T.K
From India, Kannur
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