Today’s post is response to question received from our reader. The topic is how to transfer the PF balance and opening the PPF account. Please write your questions here.
Question : 001
Hi,
This query is regarding the PF transfer. When i left my previous employer, it was in integration with another company. Hence out of 2 years service in previous employer, 23 months PF is accumlated in Chennai PF office and wherein the 24th PF is with the integrated company’s PF trust. Almost 1.5 years have gone, when i submitted my application for PF withdrawal, my previous company said, as the PF migration from Cheenai office to Mumbai is going on, i can able to transfer only after full migration. Hence I waited. But when i checked with chennai PF office , they said the PF account migration process is not even started.
I have also got mail from Regional PF office on 7th Spetember 2009 which asked me to submit the FORM 13 for getting the money transferred.
- I would like to transfer this money to my current employer. How can i do that?
- Also I would like to invest in PPF , what is the procedure and what are the advantages?
Regards, Subha.K
Answer :
Hello Subha,
Thank you for writing to us. When considering the PF amount, you need not worry about the safety of the amount. In your case you have to transfer the PF from your previous employer to new employer. Form 13 is used for transferring the PF account. Please follow the steps to complete your transfer process.
1. Form 13
Get the Form 13 from here.
2. EPF account Number
Fill all the details in the from including Current PF account number given by your employer and the previous company PF account number.
3. Submit Form 13
Submit the form 13 to the new employer. Your new employer will start the processing and send the form to your previous employer. They will verify the details and send to the regional PF office.
4. PF Transfer
Once if PF office received the form, they will transfer the money to new account.
It is the normal process for transferring the PF amount. I hope this explanation cleared your doubts on PF transfer.
Opening PPF account
I have already written more about PPF under the topic Tax Planning for 2009. Please read the article and if you have any doubts please post it in the comments section.
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October 20, 2009 at 9:15 am
Is there any way in which we can transfer the EPF withdrawl into the PPF account? I am planning to leave the current organization but not sure if i will join any other employer within 3-6 months time. I want to save the tax deduction that will happen during the EPF closure.
October 21, 2009 at 7:43 pm
Hello venkata ,
No. EPF and PPF are seperate account. PPF has set of rules that is totally different from the EPF. I would suggets you to keep the EPF in the same account. Need not withdraw till you join the next company.
Thanks,
Krishna
October 30, 2009 at 4:18 am
I want to know that If my previous company has closed and I have not transferred the EPF money in new employer then can i get my money from previous EPF A/c.
Waiting for your response.
October 30, 2009 at 5:23 am
Hello Daya Shankar,
It is your previous companies responsibility to give you the PF amount. If you find any problem please contact the loacal PF office because it should be maintained by the PF office itself.
Thanks,
Krishna
November 10, 2009 at 9:37 pm
Hi,
This is a query regarding my EPF Money Transfer.
I worked for a company in Hyderabad for almost 6 months. I left the organisation without closing all the issues as we had disputes. So, they are not ready to help in closing or transferring my EPF account.
Now, I work for another company in Bangalore. And, I want to transfer my old EPF account to the new account in Bangalore. Can you please help me out with the processes. I expect that my previous employer will not help me anyway.
Thanks
Vimal
November 10, 2009 at 10:24 pm
Hello Vimal,
Even If you have disputes, your previous employer must transfer your PF amount to the new employer. Do you have the PF details?. In this case fill the form 13 and submit to the new employer. They will take care of completing the process. If you are trouble in getting the PF details, please contact the local PF office and report them. Your previous employer is maintaining their own private trust or not?
Thanks,
Krishna
January 6, 2010 at 3:18 am
Hi Now i joined in new company, I worked exactly 20months in prevoius company. I want to know If i transfer my amount to current organization, will i get previous company contribution amount?(apart from my contribution). Is there any rules to get company contribution or defaultly company contrubuted amount will credit while claiming?. Here they opened new account in EPF with out asking to me.
I have one more question. Which will be an better choice, Continuing old account number or creating new account?.
March 24, 2010 at 12:47 am
sir i m 23 n worked in SBI as clerk…..is it beneficial to open an PPF a/c in my bank????? i mean what r the advantages to open PPF a/c??
September 13, 2010 at 11:21 pm
i want to know the names of the banks in india, other than SBI, PNB, post office, that has PPF account.
moreover, can HUF have a PPF account.? thank you
September 29, 2010 at 1:35 am
Hi,
I left company A in 2008 and joined company B.
I did not request for the PF transfer from A to B.
Now I left company B in 2009 and joined company C.
As per the rules, since I am employed, I can not withdraw PF from company A.
I want to do pf transfer from A to C now in 2010.
Can I do this pf transfer ? How much time it normally takes for this?
December 30, 2010 at 10:35 pm
Hi,Can I transfer only the sum from the previous pf account to the current pf account, as my current employer has already opened new pf account for you.If yes, whats the procedure for that?
Thanks
January 27, 2011 at 12:00 am
I had applied for PF transfer. But before I could get a confirmation about the status I had to quit my job. Please guide me as to how to find out if my PF has been transferred.
Regards, Gomathy
February 9, 2011 at 6:56 am
hi, i resaine my job in feb 11, i wanted to know that my pf amount can be transfer to my new ppf account is it posible?
March 4, 2011 at 1:55 am
Hi,
I have a query regarding PF transfer.I have joined a new company six months back & want to tansfer my PF from my previous employee where is worked for almost 4 years,i have already filled up fro 13 & submitted to my current employee which they had sent to my previous employee & now they are in the process of transfering my PF.I understand that my previous employee will verify the details and send it to the regional PF office & from there regional PF office will transfer the money to new account.My query is since my new employee PF a/c is with karnataka govt & my previous employee PF is with mumbai PF office,how will the Mumbai regional PF office will know to which PF account they need to tansfer the money?
March 21, 2011 at 4:22 am
hi there,
i have an unique problem regarding my EPF a/c. last feb’11 i have joind a new organization, they have opened a new PF a/c for me where i want to transfer my PF from the prev comp. but the prob is tht though my prev employer had deducted a certain amt from my salary every month mentioning as EPF they havent mentioned the PF a/c detail ever in any of its employee’s salary slip till date. as a result till today no one hae been able to retrieve their PF frm this comp. but my qu is there must be some way to resolve this issue. hence its a req from all the employee’s of this comp. as well as mine also to help me out with the solution of this prob as soon as possible. if there’s any dept/ commitee who can help me out in this regard plz provide me with the address or ph no of tht dept also.
March 21, 2011 at 4:29 am
how soon can a employee apply for a EPF transfer & EPF withdrwal process from his/her last resignation date?
March 25, 2011 at 8:12 am
hello krishnaji,
i want to know that i deposited some amount like 50,000 continuesly for 3 year in my PPF account.it may be total 1,50,000.
incase of emergency how can i withdrawal (full amount with intrest.) it ?
March 27, 2011 at 5:43 am
i worked in a company for 2 months and then i resigned. then after 6 months i got offer from some other company but i didnt showed the experience of previous company as it was of 2 months. should i have new PF no. for new company or should i give the old one where i worked but that can create the problem as i didnt showed the experience. what to do in such a case.
June 2, 2011 at 4:21 am
My prevoius employer is not verifying my PF account and I want to transfer my prevoius PF to my new PF account.So,in this case if prevous employer doesnot verifies my documents then it will not be transferred to my new account??????
June 25, 2011 at 1:02 pm
Hi,
I have worked in Company A for 1.5 years.Then I joined company B,where i applied for the PF transfer of my prev. employer(Company A).Then after 8 months, I joined company C.
Now,my question is: Can i apply for PF transfer of prev. employer in my current company immediately after joining or should i wait till my previous PF transfer(A To B) is fully processed?
July 1, 2011 at 9:41 pm
Please send the PF prossess (new accounts open to Deposite pf)
Thanks & Regard
Leela Dhar Gaur
+91 8800760586
July 18, 2011 at 11:15 pm
I have joined a new company which do not have the concept of EPF. In this case, what can I do with my EPF account with previous employer. If I withdraw, will it be subject to tax ?
January 5, 2012 at 2:02 am
Hello,
Can I trf my RPFC a/c balance to my friend’s RPFC a/c.
I have worked with HDFC Bank for 12.3 years .Since I have worked above 10 years my epf balance is trf to pension scheme and i cannot withdraw my epf balance outstanding in Bandra EPFO .I resigned HDFC Bank in May 2010 and currently employed . I need the balance lying in my Bandra EPFO a/c for personal use …What is the other alternative for claiming my balance in epf a/c …can i trf my balance to my friend efc a/c ? ….can i awail loan against my balance in epf a/c ?
Pl reply at the earliest
Amit Bajekal
Mobile no +91-9930700525
February 14, 2012 at 6:34 am
i have been working in a PSU for 4.5 years & very soon i am going to join central govt. sir i want to know that is it possible to transfer of PF from PSU to CG? if yes then what is the procedure, if it is not possible then on withdrawal of money how tax shall be calculated?
April 17, 2012 at 9:38 pm
Hi,
This query is regarding the PF transfer. I had left my previous employer. After 2 years of service in previous employer, 25 months PF is accumlated in Chennai PF office .
My new employer, in punjab, is not associated with the PF.
When i submitted my application for PF withdrawal, my previous company said, Chennai PF office has restricted withdrawl option from PF account,
i can only able to transfer only.
I would like to withdraw this money. How can i do that?
Also I would like to know If PF department can transfer this amount into my PPF account , what is the procedure and what are the advantages?