Hello Experts,
I have few important questions in regards to PF / Pension; PF Trust / RPFC. Here is the base for my questions:
I started to work in 2003 for
I have transferred my PF of Company A & Company B to Company C. In March 2012, I left for Comp C and wanted to withdraw all of my PF.
Company C had PF trust and sent an email that from March 20th, 2012 they will seal all the PF accounts (for withdraw and transfer) as they will be under transition to transfer all PF from Trust to RPFC. This transition period will be 20th March 2012 to 30th September, 2012.
- Company C preponed this transition from March 20th to March 12th (which was my last working day) without any prior information.
- In October they informed that this transition's end date has delayed to end December 2012.
- On Jan 2nd 2013 they informed it has further delayed to end March 2013.
- Not sure for any further delays for this.
Please note: In April end my PF account will complete 10 Years hence I have all the above queries.
1. Does PF gets blocked after 10 Years in spite of being in continuation and gets transferred to Pension which cannot be withdrawn till a certain period of time? (I came to know after 10 Years of PF being in continuation gets converted in to Pension automatically and then it cannot be withdrawn as normal PF).
2. What all options (or how can I) do I have for the PF withdraw as per below mention situation.
Thanks and Regards
From United States, Plano
I have few important questions in regards to PF / Pension; PF Trust / RPFC. Here is the base for my questions:
I started to work in 2003 for
- Company A in May 2003
- Company B in October 2004
- Company C in March 2007
- Company D in March 2012
I have transferred my PF of Company A & Company B to Company C. In March 2012, I left for Comp C and wanted to withdraw all of my PF.
Company C had PF trust and sent an email that from March 20th, 2012 they will seal all the PF accounts (for withdraw and transfer) as they will be under transition to transfer all PF from Trust to RPFC. This transition period will be 20th March 2012 to 30th September, 2012.
- Company C preponed this transition from March 20th to March 12th (which was my last working day) without any prior information.
- In October they informed that this transition's end date has delayed to end December 2012.
- On Jan 2nd 2013 they informed it has further delayed to end March 2013.
- Not sure for any further delays for this.
Please note: In April end my PF account will complete 10 Years hence I have all the above queries.
1. Does PF gets blocked after 10 Years in spite of being in continuation and gets transferred to Pension which cannot be withdrawn till a certain period of time? (I came to know after 10 Years of PF being in continuation gets converted in to Pension automatically and then it cannot be withdrawn as normal PF).
2. What all options (or how can I) do I have for the PF withdraw as per below mention situation.
Thanks and Regards
From United States, Plano
EPF does not get blocked after 10 years. It is also not transferred to Pension. Both EPF and EPS are different schemes having different and distinct contributions. You need not worry in this context. From your post it transpires that the Company C which earlier got exemption lfrom the RPFC to manage its own PF Trust has now decided to surrender the exemption and decided to come under the EPF maintained by the RPFC. That process is perhaps still going on. You can wait and after about a month directly ask the RPFC concerned whether the process is over or not just to cross check the statement of Company C. After the migration process is over you can transfer the amount in Account C to Account D. Hopefully you got an account in Company
From India, Madras
112From India, Madras
Hi Vishal,
It may be appropriate if the position is cross checked straight from the O/o the concerned RPFC directly instead of keep guessing. You may even use the RTI route to have authentic information. Thereafter you may decide what follow up action would be necessary.
kumar.s.
From India, Bangalore
It may be appropriate if the position is cross checked straight from the O/o the concerned RPFC directly instead of keep guessing. You may even use the RTI route to have authentic information. Thereafter you may decide what follow up action would be necessary.
kumar.s.
From India, Bangalore
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