Pending PF Transfer
My husband still has his PF left with last company. His new company not offering PF. Is there any risk in leaving it with old employer? more
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No risk at all and even you can get the PF withdraw . You must fill up withdrawal form and get the same signed and stamped from your employer.and submit with PF department. more
Feb 07
There is no risk involvement butas per the new rules, effective April 1st 2011, all EPF accounts which are dormant will stop incurring any interest. Since you left your previous job, all PF contributions - either from you or your employer's side have stopped. With no new credits taking place, your EPF account will become inoperative in 36 months and as per the new rules will stop incurring any interest. You can check your PF balance online at this http://epfoservices.in/epfo/member_balance/member_balance_office_select.php more
Feb 06
Please go through rules pertaining to PPF/EPF transfer, as applicable to your personal circumstances. These are available on relevant web site. In general, PPF is opened by oneself, whereas EPF is opened by Employer on fulfillment of some conditions.. EPF can be transferred from one employer to another employer. But perhaps it can be withdrawn on one's retirement and not earlier. EPF provides economic security in old age and a good saving mode. It may therefore be desirable even to make personal contribution through employer . Regards. more
Feb 05
The most safest investment is in PF. Even the courts also cannot attach it. So as far as risk is concerned, it is risk free and it also offers yearly compounding interest. But it is adviseable to withdraw the PF accumulation from the company (depending upon the number of service, membership period etc.) in case new company does not have PF facility. Since new employer does not have facility of PF, one can consider opening PPF account which can be opened with post office or scheduled banks. more
Feb 05
