Multiple Recognised PF Accounts
This query is : Resolved
17 June 2008
Please let me know whether a person can have multiple Recognised Provident Fund Accounts as per PF Act ?
In other words, can a person go on opening PF accounts with new employer every time he switches jobs, WITHOUT transfering the old PF balance or WITHOUT withdrawing the amount from his old PF account?
In other words, can a person go on opening PF accounts with new employer every time he switches jobs, WITHOUT transfering the old PF balance or WITHOUT withdrawing the amount from his old PF account?
S.Srinivasaraghavan
(Expert)
02 October 2008
No. The provident fund has to be continuous as the employee a/c is unique, whatever be the change in employment. That is why the previous employer is contacted by the present employer in this regard. But the individuals can have a PPF account in addition.
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