Hi everyone. I have a doubt regarding PF. I hope I can get it cleared in this forum. I tried to search for a similar post, but couldn't find it. Incase there is a discussion specifically related to this issue, kindly direct me to that thread.
My name is Vignan & I am 25 years old. I am working as a Business Analyst with small software company since Feb, 2011. I used to work with GE for 2.8 years before I joined DSR. While in GE, I was given a PF account and with was maintained properly as per procedures. However, after I joined my new company, I realised that the financial procedure in my company is not well maintained.
My current company hates employees who leave. Therefore, I was asked to sign a bond for 2 years, which I did.
They are cutting some part of my salary as PF. But they have not created any PF account for me yet. Let us say that after my bond period, if I wish to leave the company, there is good chance that they wont bother to process my PF fund transfer. Or I am afraid they might not even help me withdraw that amount.
In such a case, when my ex employer is not doing anything regarding my PF "after I leave the company", what can I do?
If I ensure that they open a PF account for me, can I withdraw my PF money without the companies indulgence? Because if the company has to process my PF withdrawal/transfer, I guess, that might not happen.
Kindly help me in this regard. If you need more info regarding the situation, I am more than wiling to provide.