1. #1
    Unregistered

    Will the Provident fund account gets terminated if the employee is terminated from the company?

    Can you please provide me this information? Is it like the Provident fund account will be closed if the employee gets terminated from the company or so for some criminal act? If not what should be done to retrieve back the PF account? Please provide me the right information for this.

  2. #2
    VonsVishakha Array
    Join Date
    Jul 2012
    Posts
    245

    Re: Will the Provident fund account gets terminated if the employee is terminated from the company?

    Dear friend,

    Provident Fund is an account that is used by the employees after the retirement. So once you have entered the company, it will be created. And it exists even if you have left the company . In case of termnation, the reason of your termination may be the decising factor for such thing. otherwise, if you change company or go to some or leave the company , the PF account continues and you can transfer the amount .

    Thanks

  3. #3
    VonsVishakha Array
    Join Date
    Jul 2012
    Posts
    245

    Re: Will the Provident fund account gets terminated if the employee is terminated from the company?

    Dear friend,

    Provident Fund account is a government account which is created to save you money for future use considering emergencies of life and use after retirement. This account is created with reference to you PAN CARD. IT has no connection with the company you are entering , leaving or getting terminated. The PF funds can always be transferred when you join another company.

    Transferring here means, now the new company will take care of the funds deposit from your salary and to pay the interest for the same.

    Thanks

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