1. #1
    Unregistered

    What are the steps to follow to release the Provident Fund account from my previous company?

    Itís been 3 months since I moved to a new company and till now the Provident Fund (PF) account is not released from my previous company and I donít see any sign of them doing it too. So can you tell me what are the steps to follow to release the Provident Fund account? Kindly explain me with proper details so I can wind up this soon.

  2. #2
    randhirk.rk Array
    Join Date
    Aug 2012
    Posts
    181

    Re: What are the steps to follow to release the Provident Fund account from my previous company?

    Once you leave a company after 90 days you can apply for withdrawl of Provident fund from that company

    You have to submit the FORM 19 as well as Form 10 C to that company HR or the accounts team
    Once you submit it to them, they will return back that form to you after checking it and signing it with the company stamp
    Once you get those two forms you have to submit it to the EPF office.
    Once the forms are submitted money will be credit to your account after 45 days

    But first go and submit the PF withdrawl forms to your company

  3. #3
    Ashok Array
    Join Date
    Jul 2012
    Posts
    2,293

    Re: What are the steps to follow to release the Provident Fund account from my previous company?

    Dear Aspirant,

    It is good to transfer the PF accumulated amount from one company to the next company as the change of company is very common at present.It is very easy.Get the form 13 of the PF act ,fill it well ,sign & submit it to the new employer.On receipt of it the new employer will start processing & submit it to the region provident office.It will take 2 to 3 month to get your PF amount transferred from the previous PF a/c to the present PF a/c.Be watchful to get the same work done.

    Thanks.

  4. #4
    prabhu Array
    Join Date
    Jul 2012
    Posts
    453

    Smile Re: What are the steps to follow to release the Provident Fund account from my previous company?

    Hi,


    PF account can be tranferred to the new company in the following way :

    1. Get the company code for the PF accounts

    2. Get your PF account no

    3. Fill the form for transferring the PF account provided in the PF office

    4. After processing , the PF account is transferred to the new company name and the employer contribution is added to the account further

    PF amount cant be withdrawed during service period

    Only after retirement or resignation , it is granted

    Also the employer has the right to block the PF amount if the employee has left the company without notice period


    Thanks !!!!

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