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
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?
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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