Pf withdrawal
Law Aspire
(Querist) 02 April 2018
This query is : Resolved
I was working in A Limited Company in 2014 year (worked one year)
I joined B limited in year 2015 and worked there till august 2017.
While joining B ltd I got my PF account of A Limited transferred in B Limited by single UAN.
In November 2017 I applied for withdrawal of PF of B limited, I got the full amount of PF of B Limited in december 2017.
Now in march 2018 i had joined C Limited.
My question is that :
Should I transfer the PF account of A Limited in C Limited or whether I should try for withdrawal of amount of A Limited.
Please guide
Dr J C Vashista
(Expert) 03 April 2018
Prima facie it a pure academic hypothetical question paper.
However, if it is a true story consult a local lawyer practicing service matters.
Anil Kulkarni
(Expert) 03 April 2018
Dear Law Aspire, You are saying you transferred your account A to account B company. Once the account is transferred to B, it contains entire amout as account in B company. You say you have withdrawn from B account. How did you come to know that what you withdrew is only from B account? It must have been entire amount in A and B company. Please check your balance using UID on PF site.
Law Aspire
(Querist) 04 April 2018
Dear Sir
Anil Sir Thanks for your reply,
Actually I had tallied the amount and got to know that only the amount maintained with B limited is withdrawn.
The amount in A Limited is pending as per PF Passbook
Ms.Usha Kapoor
(Expert) 22 April 2018
Do as per your wish. You transfer your PF account in A ltd to C ltd or withdraw from A ltd if you are facing liquidity crunch.Why do you want to expend your savings by frequent withdrawals?
