Transfer of PF
(Querist) 15 May 2008
This query is : Resolved
My friend was working in Wipro BPO and his pf account is based in Delhi office of EPFO. he wants to transfer it to his new company. What is the procedure? How much time ?
H. S. Thukral
(Expert) 15 May 2008
An account no. is given to every member of the PF Scheme.
Where a member of the Fund ceases to be employed in one region and secures employment in another region in an establishment to which PF Scheme applies or which is an exempted establishment or which is not covered under the Act but has a provident funds scheme of its own, he may apply to the Commissioner within whose jurisdiction he was previously employed, in a prescribed form for transfer of balance of the provident fund in his existing account to his account in the other region.
Where a member of the Fund ceases to be employed in one establishment and secures employment in another establishment in the same region, he may apply to the Commissioner of the region, in the prescribed form for the transfer of balance of the Provident Fund in his previous account to his account in the new establishment where he takes up the employment.