Provident Fund

980 views 3 replies

Jignesh Thosani

Executive

34 Points Posted on 19 May 2009

Can I withdraw the balance of my PF Account and then open a new account with the new employer?

Employee's PF number is valid for life time or can be closed during the currency of office??

Replies (3)

PRAVEEN KUMAR

MBA (Finance) B.Com.(P)

3443 Points Posted on 19 May 2009

You can withdraw ur PF from ur old employer & can open new a/c with new employer

There is not such any problem.

Thanks

Praveen

Amit Patil

Service

22 Points Posted on 19 May 2009

Originally posted by :Praveen Kumar
"	You can withdraw ur PF from ur old employer & can open new a/c with new employer There is not such any problem. Thanks Praveen	"

You can also transfer your balance from old account to your account with new employer as detailed below

You have to apply in From-13(R) through the NEW Employer at the EPF Office from which transfer is sought clearly stating New and Old EPF Numbers. You have to obtain new EPF Number from your New Employer. New EPF Number will be allotted by New Employer, not by EPFO.

AMIT PATIL

Dattatray

Account Executive

51 Points Posted on 20 May 2009

Yes u can withdraw ur PF amount and u can open ur new PF account with new employer

Employees PF number is not valid for lifetime. i mean if u stay at 1 employer for lifetime then it is valid. but if u change ur employers then it is not valid. PF commossioner will issue SSN number in future that SSN number is Unique.

That SSN number is like ur Bank account. u can produce ur SSN number to any employer

and that SSN number is valid for lifetime.

Thanks,

Dattatray Koli.