Hi Sir,
Really appreciate the way you are responding to each valuable questions.
Could you please help me to understand the below questions to clear my queries.
Myself Mallikarjun, I have resigned previous company on 12-Aug-2016 5 years 2 month worked (06-2011 to 08-2016) and joined new organisation on 22-Aug-2016 (3 month back)
- Please suggest me that, is it good to transfer PF amount or shall I withdraw.
- If I withdraw, Can I get full amount (Employee Contribution+ Employer Contribution) as per my UAN passbook passbook (102206+50250= 152456).
- What are the criteria to eligible for pension amount which is also mentioned in UAN passbook.
8 Answers
Hi,
If you have joined new Organization and contributing to EPF scheme again, you can't withdraw full EPF balance. You have to transfer the funds from old EPF a/c to the new one.
Read:
http://www.relakhs.com/epf-online-transfer-claim-otcp-uan-member-portal/
Thanks for the reply sir...
Is it good to transfer PF amount or shall I withdraw since I have completed 5 years 2 month in old organisation
Hi,
You can't withdraw the full balance. Transfer is the only option.
Partial PF withdrawals are allowed for certain purposes only, kindly read:
http://www.relakhs.com/epf-partial-withdrawals-epf-loan-rules/
Okay I will proceed for transfer existing to new account...
What are the eligibility to get pension amount which is mentioned in UAN passbook?
What are the eligibility to get pension amount which is mentioned in UAN passbook?
Kindly note that an employee can start receiving pension under EPS only after rendering a minimum service of 10 years and attaining the age of 58 or 50 years. No pension is payable before the age of 50 years.
Along with the EPF balance, EPS also gets transferred. But the transaction entry of EPS may not be reflected in EPF passbook however the contribution period gets carry forwarded.
Sorry to trouble you.. Last Question from my side..
How much I will get if I withdraw as per my UAN passbook (102206 (Employee Share) +50250 (Employer Share) = 152456). Could you let me know pls sir....
No issues dear..
As mentioned in my previous answer, you can not withdraw..
For partial withdrawal rules, guidelines & options, kindly read;
http://www.relakhs.com/epf-partial-withdrawals-epf-loan-rules/
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