EPF Transfer

tipto · #1 26th April 2012, 05:35 PM

Hi All,

I have been "trying" to transfer my EPF funds from Company A to Z and Company B to Z since last 20 months. But alas, I couldn't and kinda tired.

Please suggest, even the grievance system is not effective. None picks the phone or replies to emails.

kasavgp · #2 9th July 2012, 02:41 PM

Did you try reaching out to RTI?

Prudent_Investor · #3 9th July 2012, 10:47 PM

I have withdrawn my PF funds in 2010, and received all funds after 2 months of application. 2 cheques pertaining to Provident fund and pension fund.

Atiker · #4 10th July 2012, 09:34 AM

Quote:

Originally Posted by Prudent_Investor

I have withdrawn my PF funds in 2010, and received all funds after 2 months of application. 2 cheques pertaining to Provident fund and pension fund.

Why two cheques?

I know EPF whats a pension fund?

mastersam · #5 10th July 2012, 11:44 AM

I also want to know which two checks you are referring to? I only received one credit to my account when I asked for EPF withdrawal. Do we always receive two checks?

Prudent_Investor · #6 11th July 2012, 01:52 AM

Quote:

Originally Posted by Atiker

Why two cheques?

I know EPF whats a pension fund?

Quote:

Originally Posted by mastersam

I also want to know which two checks you are referring to? I only received one credit to my account when I asked for EPF withdrawal. Do we always receive two checks?

For the EPF, there are 2 parts basically. One is employee's contribution (that's you) contributing 12% of your basic pay and the other 12% matching contribution is paid by your employer.

Out of this second 12% of the employer’s share of contribution, 8.33% is to be remitted towards pension fund.

Your pension fund portion is maintained under the group pension fund contributed by your employer.

So you accumulate two corpus - the EPF corpus and the pension fund. Whenever we apply for transfer/ withdrawal thus there are two cheques, one is the EPF corpus and the other is the pension fund corpus.

mastersam · #7 11th July 2012, 01:35 PM

Can it so happen that we receive just one credit? I had applied for withdrawal and only received one credit. I was also in doubt so mailed them the papers again but got a reply that amount has already been credited. Online inquiry does not show anything so not sure

Prudent_Investor · #8 12th July 2012, 12:11 AM

Quote:

Originally Posted by mastersam

Can it so happen that we receive just one credit? I had applied for withdrawal and only received one credit. I was also in doubt so mailed them the papers again but got a reply that amount has already been credited. Online inquiry does not show anything so not sure

I received two NEFT transfers from two different accounts on the same date. The EPF corpus was around 4x times the pension corpus.

It may happen, that they have merged the two and thereby providing only one credit.

rajivka · #9 12th July 2012, 02:42 PM

Quote:

Originally Posted by mastersam

Can it so happen that we receive just one credit? I had applied for withdrawal and only received one credit. I was also in doubt so mailed them the papers again but got a reply that amount has already been credited. Online inquiry does not show anything so not sure

You need to fill two different forms to get two cheques (Form 19 and Form 10-C). It may be possible you submitted only form 19 but not for 10-c.

Alchemist · #10 12th July 2012, 02:52 PM

Quote:

Originally Posted by rajivka

You need to fill two different forms to get two cheques (Form 19 and Form 10-C). It may be possible you submitted only form 19 but not for 10-c.

The forms are available at EPFO's website:

EPFO

tipto · #11 23rd July 2012, 05:57 PM

Does the RTI help in actual transfer? Or it will be just helpful in getting the status check?