Current company X (2021-2022)
Previous company Y (2018-2021)
I have withdrawn from the current company (X) PF. Now I want to withdraw the PF from the previous company (Y). However, my previous employer (Y) deposited 8.33% of his salary in the Pension account, which I was not aware of.
Now, how can I withdraw EPF and EPS from the previous company (Y) as the PF online portal doesn’t allow me to withdraw PF from the previous company? I have already withdrawn from the current company (X) PF.
I left my current company 6 months ago and have not been working since then, so I was able to withdraw its PF.
From United States, Rockford
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Previous company Y (2018-2021)
I have withdrawn from the current company (X) PF. Now I want to withdraw the PF from the previous company (Y). However, my previous employer (Y) deposited 8.33% of his salary in the Pension account, which I was not aware of.
Now, how can I withdraw EPF and EPS from the previous company (Y) as the PF online portal doesn’t allow me to withdraw PF from the previous company? I have already withdrawn from the current company (X) PF.
I left my current company 6 months ago and have not been working since then, so I was able to withdraw its PF.
From United States, Rockford
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Hi,
Your PF contribution is 12% of Basic salary, which goes into your PF account. The employer contribution is also 12% of Basic salary: 8.33% will be allocated to the Pension fund, and 3.67% will be directed to the PF account. Therefore, a total of 15.67% will be contributed to PF, and 8.33% will go to the pension fund. It is important to ensure that you have the same UAN (Universal Account Number) in both companies. You should transfer your PF from your previous company to the PF account of the current company. You can initiate the transfer process and then proceed with withdrawal if needed.
If your total service period, including transfers, exceeds 10 years, you will not be able to withdraw the pension contribution. Instead, it will be paid as a monthly pension once you reach 58 years of age. Alternatively, you may opt for reduced pension benefits after reaching 50 years of age.
From India, Madras
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1153Your PF contribution is 12% of Basic salary, which goes into your PF account. The employer contribution is also 12% of Basic salary: 8.33% will be allocated to the Pension fund, and 3.67% will be directed to the PF account. Therefore, a total of 15.67% will be contributed to PF, and 8.33% will go to the pension fund. It is important to ensure that you have the same UAN (Universal Account Number) in both companies. You should transfer your PF from your previous company to the PF account of the current company. You can initiate the transfer process and then proceed with withdrawal if needed.
If your total service period, including transfers, exceeds 10 years, you will not be able to withdraw the pension contribution. Instead, it will be paid as a monthly pension once you reach 58 years of age. Alternatively, you may opt for reduced pension benefits after reaching 50 years of age.
From India, Madras
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Hi sir,
Yes, I have used the same UAN in both companies, and my total service period is around 4 years only from 2018 to 2022.
I was not aware that my Y company's amount was not transferred to X (current company). I raised a PF withdrawal request, but I only received the PF accumulation from company X.
Now, I want to withdraw the amount from my previous company, Y. How can I do this?
On the portal, it seems that we can only withdraw from the current company, X.
From United States, Rockford
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Yes, I have used the same UAN in both companies, and my total service period is around 4 years only from 2018 to 2022.
I was not aware that my Y company's amount was not transferred to X (current company). I raised a PF withdrawal request, but I only received the PF accumulation from company X.
Now, I want to withdraw the amount from my previous company, Y. How can I do this?
On the portal, it seems that we can only withdraw from the current company, X.
From United States, Rockford
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One more thing, Pension = YES in previous company Y Pension = NO in current company X. My X company PF is claimed and settled. How to withdraw Y company PF and Pension?
From United States, Rockford
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From United States, Rockford
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Hi, PF transfer as a member you only need to transfer and only employer/pf office will approve the transfer.
From India, Madras
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From India, Madras
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Okay, I will raise a PF transfer request from the portal.
I am not sure/confused about the following two scenarios and would like to know if the PF department will approve my transfer:
1. Since I have already withdrawn PF from the current company X.
2. Since there is a pension in the previous company Y but no pension in the current company X.
Will the PF department still approve my request to transfer PF from the previous company Y to the current company X?
From United States, Rockford
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I am not sure/confused about the following two scenarios and would like to know if the PF department will approve my transfer:
1. Since I have already withdrawn PF from the current company X.
2. Since there is a pension in the previous company Y but no pension in the current company X.
Will the PF department still approve my request to transfer PF from the previous company Y to the current company X?
From United States, Rockford
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Also in both companies, my basic salary was > 15,000/- per month. So when I joined Company Y, it should not deduct my EPS contribution as per the September 2014 EPFO Circular. Is it correct?
But they have deducted my EPS. Will it create any issue in my PF transfer process from Y to X company.
From United States, Rockford
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But they have deducted my EPS. Will it create any issue in my PF transfer process from Y to X company.
From United States, Rockford
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Can please someone reply on this thread? I really need help.
From United States, Rockford
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From United States, Rockford
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Hi,
I'm not sure how you are claiming no pension contribution with your previous employer. You can verify your PF Passbook at https://passbook.epfindia.gov.in/MemberPassBook/Login.
Thank you.
From India, Madras
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I'm not sure how you are claiming no pension contribution with your previous employer. You can verify your PF Passbook at https://passbook.epfindia.gov.in/MemberPassBook/Login.
Thank you.
From India, Madras
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EPS - Wage Limit increase_01.09. 2014.pdf