Quick Answer: Can A Person Have 2 PF Accounts?

How can I withdraw my PF if I have 2 PF accounts?

How can I withdraw the PF amount from both companies.

Hi, You can get the funds transferred from your old EPF account to the latest one (Consolidation) and then you can submit an online EPF claim..

Can my new employer see my old PF account?

Yes, your current employer can view your previous employers using your UAN. All they need to do is access the Know your UAN feature on the portal. As per the government of India and the EPFO rules, each individual is required to have one UAN number only, not multiple UANs.

How many PF account can a person have?

A member should have only one UAN having all his EPF accounts linked to it. EPF accounts are non-transferrable in case of different employees. However, an employee having two UANs can get his EPF account transferred from one to another and get his previous UAN deactivated.

How can one UAN number and two PF accounts money be withdraw Is it possible?

One has to transfer old PF account to the new account. Only then will you be able to withdraw from both the accounts online. Linking of PF account with UAN is not sufficient. If you don’t transfer your old EPF, online advance, the withdrawal will be from current PF account only.

Is it necessary to merge two PF accounts?

Yes, you need to transfer the PF account to your new employer. You need to surrender the PF account and have it merged with your new account. With the introduction of Universal Account Number (UAN ), multiple PF accounts can be merged for each EPFO member. The UAN number is typically mentioned on the salary slip.

Can I open another PF account?

When you switch your job from one establishment to another EPFO registered establishment, a new PF account gets added to your UAN. You can transfer the EPF balance of your previous account to the new account online via UAN Member e-Sewa Portal.

Is PF mandatory?

Based on your voluntary contribution: Some employees contribute more than the mandatory 12 per cent towards PF. The PF rules allow that but it is not mandatory for the employer to match that additional contribution. They do so to earn a safe and tax-free return on their additional contributions.

What happens if I have 2 PF accounts?

Secondly, to claim the benefits of PF contribution with two or more companies, you will have to share the same UAN number with the other company also where in they can record the contribution. Hence both the companies can extend you the benefits of PF but on the same PF account.

Can I have 3 PF accounts?

Several job changes generally result in the opening of several Employee Provident Fund (EPF) accounts, one for each employer. With the introduction of the Universal Account Number (UAN), it is possible to consolidate several accounts into one account for each EPFO member.

How can I transfer my PF from one account to another?

Login to your EPF account using your UAN and password here. Click on the ‘Transfer Request’ option in the ‘Online Services’ section. Give your previous EPF account details (previous Member ID) You have to submit the transfer request for attestation to either the current or the previous employer.

How can I withdraw my PF after joining another company?

As per new PF Rules there is cooling period of 2 months from date of your Last working day and by that time most of employee would have been joined other company as well his PAN number must have submitted by new employer to PF Department so technically No, you can not withdraw your PF. You have to transfer your PF.

What happens to PF after absconding?

If you were absconding, employer can only terminate your services following a procedure of inquiry. Nothing more. Your PF can not be touched. You write to the employer to release your PF.

How can I withdraw my PF from old account?

2) Go to ‘Online services’ and click ‘One Member – One EPF Account (Transfer request). 3) Verify personal information and PF account for present employment. 4) Click on ‘Get details’ after which PF account details of previous employer would appear. 5) Choose either previous or current employer for attesting form.

Can I use different bank account for PF withdrawal?

If the bank account details are correct, then the EPF withdrawal claim will be credited into the bank account shown. If the bank account details are incorrect, then you will be required to provide the correct bank account details to receive the EPF withdrawal money.