Hi Experts!
I have two PF accounts : one is 2 yrs old and another is about 3 months old.
I am planning to change my organisation now.
Can I submit two separate Form 13 in the third organisation to transfer the money from these two accounts to the new third account created?
I have not yet submitted form 13 in the second organisation due to some unavoidable difficulties.
Need your expert advice in this regard.
Best regards,
Narsingh
From India, Angul
I have two PF accounts : one is 2 yrs old and another is about 3 months old.
I am planning to change my organisation now.
Can I submit two separate Form 13 in the third organisation to transfer the money from these two accounts to the new third account created?
I have not yet submitted form 13 in the second organisation due to some unavoidable difficulties.
Need your expert advice in this regard.
Best regards,
Narsingh
From India, Angul
More clarity is required about the query to enable us to respond. Suppose the first company you served is A and the second company you worked with is B, how long you worked with A and B should be clearly stated. Also clarify whether you are still with B or doing something else. With all such clarifications only any suggestions can be given.
From India, Madras
112From India, Madras
Hi Sir,
I have been working with Company A from Oct 2011 till Jan 2014.
Then I joined company B in Feb 2014 and currently working here. And I am planning to leave this company by May end to join third company.
From India, Angul
I have been working with Company A from Oct 2011 till Jan 2014.
Then I joined company B in Feb 2014 and currently working here. And I am planning to leave this company by May end to join third company.
From India, Angul
In that case, please immediately apply for settlement of your EPF account with company A and get the money in your hand. Transferring two accounts to a third company will not only be time consuming but also be frustrating. This is a practical advice and is not necessarily based on the law.
From India, Madras
From India, Madras
In addition to above said view i quote to transfer both the EPF/EPS accumulation in the new one but mind it submit the same by keeping the gap of one or two months.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Hi Sir,
Thank you for your valuable suggestion.
You mean to say I will first submit Form 13 for transfer from A to C and after 1-2 months another Form 13 for transfer from B to C?
A, B,C being first , second and third companies respectively?
One more thing, is there any danger if I do not apply for transfer? Can't I withdraw from multiple accounts after retirement?
Regards,.
Narsingh
From India, Angul
Thank you for your valuable suggestion.
You mean to say I will first submit Form 13 for transfer from A to C and after 1-2 months another Form 13 for transfer from B to C?
A, B,C being first , second and third companies respectively?
One more thing, is there any danger if I do not apply for transfer? Can't I withdraw from multiple accounts after retirement?
Regards,.
Narsingh
From India, Angul
Dear Narshing,
Greetings for the day,
As far as danger is concern only danger you will face after retirement to get attest your withdrawal claims to your previous employer and at that particular time what will happen it unpredictable.Better to get transfer your all accumulation with your current account.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Greetings for the day,
As far as danger is concern only danger you will face after retirement to get attest your withdrawal claims to your previous employer and at that particular time what will happen it unpredictable.Better to get transfer your all accumulation with your current account.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Dear Narsingh
Please submit Form 10C and Form 19 duly filled and claim the EPF and EPS of company "A" immediately. Please keep the complete track of follow up and get the money immediately.
After receiving both the claimed amount in your account submit Form 13 to the new company for transferring the accumulations in Company "B" and get the same transferred to your new PF Account.
From India, Kumbakonam
Please submit Form 10C and Form 19 duly filled and claim the EPF and EPS of company "A" immediately. Please keep the complete track of follow up and get the money immediately.
After receiving both the claimed amount in your account submit Form 13 to the new company for transferring the accumulations in Company "B" and get the same transferred to your new PF Account.
From India, Kumbakonam
You can transfer both your PF account to the third company, there is no harm. With regards to withdrawing multiple PF accounts at the time of retirement is not advisable since the PF amount will not get any interest after 3 years, it may be termed as dead account in the future so why to take chance.
From India, Ahmadabad
From India, Ahmadabad
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