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Pf a/c transfer

Sowmya S (CAO) (214 Points)

17 December 2012

Dear All,

Can anybody plz let me know what are the procedures to be taken care for transfering my PF A/c from the current organization to prospective organization? Both the companies are located at Bangalore, Karnataka

Thanks & Regards,

Sowmya S

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8 Replies

abhijit nair (Completed CS and pursuing CA final) (99 Points)
Replied 17 December 2012

Procedure to transfer the pf amount
step.1:You can download withdrawal form in Form 13 from the website EPFO.
step2: you can fillup all the details about your pf account with previous employer, name & address of the previous employer and SIGN
STEP3: YOU HANDOVER THE FORM IN TRIPLICATE TO YOUR PRESENT EMPLOYER/HR DEPARTMENT OF PRESENT EMPLOYER

But make sure your name should be deleted in PF list with previous employer i.e. your previous employer must send the Form No. 10 (Deletions) to the RPF office for delete the name from the employer ledger maitained with RPF office i.e. Form No 9. So while submiting the transfer form to the current employmer ensure it whether the previous employee has send the Form No.10 to the RPF Office, if it is delayed your transfer may get effected

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abhijit nair (Completed CS and pursuing CA final) (99 Points)
Replied 17 December 2012

The good news is that the computerisation of 119 EPFO offices across the country is complete and manual entries will soon become history. While this will put transfer cases on the fast track, the first step will continue to be offline. So, an employee seeking the transfer of his PF money will have to apply using Form 13 through his new employer, and only the processing will be computerised. Once the balance in the previous accounts is verified, it will be dispatched electronically to the new account through NEFT. The amount will be credited to your PF account directly. Right now, it first reaches the RPFC account, which delays the process. The Annexure K will be e-mailed to the PF office, so the chances of it getting lost in transit will also reduce.

Officials look at four basic things in an application—name, PF number, father's or husband's name, and signature of the authorised person at the present establishment. If there is a mismatch in any of these four categories, the application is rejected. In most cases, the authorised signatory of the employer gets changed, but the EPFO is not informed about the same by the establishment. Since the signature doesn't match, they reject the application.

abhijit nair (Completed CS and pursuing CA final) (99 Points)
Replied 17 December 2012

EPFO officials say that they intimate the employers if there is a discrepancy in the application. They do not deal with employees directly, but with the employer. Hence the intimation about the discrepancy is sent to the company, not the individual.

Sowmya S (CAO) (214 Points)
Replied 17 December 2012

Mr.Abhijit Nair,

Could u plz tel me that whether my current employer will come to know that to which company that i am going to join? Does any of these form or intimation let my current employer know the new company name where i am going to join? Because i dont want him to know, i have said some other company name.

Plz clarify

abhijit nair (Completed CS and pursuing CA final) (99 Points)
Replied 17 December 2012

I dont think you will have to deal with the old employer except to make sure that they have filed FORM 10 in order to delete your name from their employee register. Since all is routed through epfo old employer is not privy to your current details. Unless the same is leaked or discretely disclosed from the epfo side which is less likely or remote

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@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
Replied 17 December 2012

hey

u should not be bothered & prev. employer can not withold your pf transfer in any case legally..

And if you see on pg.2 of form 13 details of prospetive employees are mentioned so your prev. co. wud cum to know abt your prosp. co.

PFA forl link: https://www.epfindia.com/forms/13revised.PDF

Thanks

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abhijit nair (Completed CS and pursuing CA final) (99 Points)
Replied 17 December 2012

my friend Vaibhav form 13 is filed with new employer

@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
Replied 17 December 2012

Dear Friend,

Thanks for correcting..

I was under impression that transfer PF office sends Form 13 to previous employer for geting confirmation on ownership & contributions made.

They will send only letter to previous employer for getting confirmation & asking them to submit for form 5A to prove ownership & contributions made by them.