Hi
I do have total 10 years of service , recently i switched the job and am planning to withdraw from old account which is not yet transferred. so in my application i am declaring that i am not working .
may i know whether i will face any legal action , if PF office founds i am working some where..? i mean not now , after some says after i got my money..?
and , i heard pension fund they wont give since , i have more than 9.5 years service..? so what will happen to that money after PF account settled..? do i need to transfer that money separately..?
3 Answers
Hi,
If you are currently working and contributing to EPF scheme, you cant withdraw your EPF (previous ac), you have to transfer the funds from your old EPF ac to current EPF account.
Even if you submit full withdrawal application, your claim can be rejected by the EPFO, has its all system based now, they can identify that you have an active EPF account linked to same UAN (assuming you have EPF ac with new Org).
EPS can be withdrawn only if an employee has less than 10 years of service period. You will get pension after 58 years of age (early pension is possible from 50 years of age).
New UAN is created in the New organization , my point is even somehow i managed to withdraw money , can they able to catch on future..?
so what will happen to my pension amount..?
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