I have a query, please guide me on this, i would like to know that if i’ll leave my organisation, within 2 years, where will my provident fund go. Help me on this..
From India, Hyderabad
2From India, Hyderabad
ur PF will not go anywhwre, before leaving the organisation, take your PF account no. from finance/HR. You can either withdraw the same after submitting appropriate PF withdrawal form or, if the new company where you will join, has PF facility, you can give the same PF account no. All PF deductions from the new company will be deposited in this account i.e, no new account will have to be opened again for you.
hope this is of some help to you.
ambika kamath
From India, Mumbai
hope this is of some help to you.
ambika kamath
From India, Mumbai
When you are leaving company you have two option for PF.
1. You can withdraw you PFUI and Pension amount by submitting Form 19 & 10C
Or
2. Take a PF NO from HR dept. and submit the same to New Company and transfer you PF and Pension Amount to New PF Number.
Regards,
Amit
From India, Delhi
1. You can withdraw you PFUI and Pension amount by submitting Form 19 & 10C
Or
2. Take a PF NO from HR dept. and submit the same to New Company and transfer you PF and Pension Amount to New PF Number.
Regards,
Amit
From India, Delhi
Actly, there is a recent amendment in this, I am not sure whether it is an amendment in the Act or just an amendment in the rules, but it is surely there.
As you know that your PF Shares goes into two accounts, EPF A/c (Employees Provident fund) and FPF A/c (Family pension fund).
If you leave ur job within 6 months, you will only get the amount in your EPF account, but NOT the amount in FPF account; ie you can fill only form No. 19.
Whereas if you leave ur job after 6 months you will get both the shares of your PF account, ie you can fill in Form 19 as well as Form 10C, or 10D whatever applicable.
I don't know why this wierd order has been passed but it is defenitly there and it is a recent amendment..
Cheers.
Kapil..
From India, Delhi
As you know that your PF Shares goes into two accounts, EPF A/c (Employees Provident fund) and FPF A/c (Family pension fund).
If you leave ur job within 6 months, you will only get the amount in your EPF account, but NOT the amount in FPF account; ie you can fill only form No. 19.
Whereas if you leave ur job after 6 months you will get both the shares of your PF account, ie you can fill in Form 19 as well as Form 10C, or 10D whatever applicable.
I don't know why this wierd order has been passed but it is defenitly there and it is a recent amendment..
Cheers.
Kapil..
From India, Delhi
Hi Amith,
Im Saritha here,and I do not know much about PF.Just trying to learn from CiteHr.
As per my understanding,
(if am not wrong )the employee will get a new PF number as and when he changes the company and the PF number is not constant/unique...is it right??
Please clarify the same.
Regards,
Saritha
From India, Bangalore
Im Saritha here,and I do not know much about PF.Just trying to learn from CiteHr.
As per my understanding,
(if am not wrong )the employee will get a new PF number as and when he changes the company and the PF number is not constant/unique...is it right??
Please clarify the same.
Regards,
Saritha
From India, Bangalore
Hi dear,
I do agree with the suggestion givem By Kapil and as u are telling that you have completed your two year of service with the company you will be given entire PF amount and you can also transewfer your PF amount to the another company.
Thanks and Regards,
Rajeev Pandya
Human Resources
From India, Ahmadabad
I do agree with the suggestion givem By Kapil and as u are telling that you have completed your two year of service with the company you will be given entire PF amount and you can also transewfer your PF amount to the another company.
Thanks and Regards,
Rajeev Pandya
Human Resources
From India, Ahmadabad
Yes Saritha, you are right.
every time you changes a Company you will get a new PF Number.
eg: PF number consists of at least 3 parts the state code, the employer code and the employee code.
example: DL-12345/01
in this DL is for Dehi, 12345 is the PF Code of the Company and 01 is the member's code or the employees code allotted by the Company.
As every compay has its own pf code there can not a common PF number of an employee if the change the company.
However, in a recent development, an SSN code is being allotted by the PF office to every employee which will act as his/her permanent PF account number no matter how many companies he or she changes, but it is still in its initial stage and will take another year or two to get complete.
hope this information helps you.
cheers..
kapil
From India, Delhi
every time you changes a Company you will get a new PF Number.
eg: PF number consists of at least 3 parts the state code, the employer code and the employee code.
example: DL-12345/01
in this DL is for Dehi, 12345 is the PF Code of the Company and 01 is the member's code or the employees code allotted by the Company.
As every compay has its own pf code there can not a common PF number of an employee if the change the company.
However, in a recent development, an SSN code is being allotted by the PF office to every employee which will act as his/her permanent PF account number no matter how many companies he or she changes, but it is still in its initial stage and will take another year or two to get complete.
hope this information helps you.
cheers..
kapil
From India, Delhi
Hi Kapil,
I was actually looking at some other sites for the PF information.But i found it usefule in beaing a member of CiteHr.
Thanks a lot for clarifying the doubt and thanks for all those who are actively responding to the queries...
Regards
Saritha
From India, Bangalore
I was actually looking at some other sites for the PF information.But i found it usefule in beaing a member of CiteHr.
Thanks a lot for clarifying the doubt and thanks for all those who are actively responding to the queries...
Regards
Saritha
From India, Bangalore
but ,if everytime the PF no will change,then how come a person will know that whether his PF Fund with the previous employer has been transferred to new Employer or not & from where he should know?
Pls,clarify the same.
Regards,
shubha
From India, New Delhi
Pls,clarify the same.
Regards,
shubha
From India, New Delhi
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls