Dear Friends,
I am not clear about Subject category of this topic. It is related to Employee Provident Fund.
Question is let's say an employee A quits company X and joined company Y.
He forgot to transfer his old PF amount to new employer and later after 7 years he remembers about his first PF account.
Question is If he apply for PF withdrawal/transfer after 7 years. Will the PF trust/govt returns his money with the same interest rate?
PF account does not become time barred and you can claim amount alog with prevailing interest till the date of encashment / transfer.
The PF accumulation balance lying with the old Company or the RPFC is earning interest upto the date it is withdrawn.
Withdrawal or transfer of PF is not time barred and can be claimed by the person whenever he wants.
agree
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
View Details
Chirag N Shah & Associates
Mumbai
CA Inter
View Details
Triveni Turbine Limited
Bengaluru
CA
View Details
CAclubindia
