Dear helping team,
I worked for a corporate for 4 years. Recently releaved and moved to abroad hence i requested for PF withdrawal (almost 8 months back). But company could not able to process PF amount. As and when i request them , they say that EPFO is asking some documents and they are in process of furnishing the same to EPFO to process my claim.
I asked my employer if they can provide any compensation for the delay (they accept the delay is from their side). But they say "as EPFO will give 8% of interest on PF amount, i am not in loss on delay hapenned"
But truly speaking, i lost the oppurtunity in using the funds (I had 24% interest loan , but gaining 8% is like 16% loss)
1. What is the responsibity of employer in PF settelment process ?
2. Can i approach law to complain ?
Please help me with the information.
Thanks,
Sri