News Inoperative provident fund a/cs to earn interests from April 1

[Deepu]

So why Govt. is not merging PF accounts rather then bringing this rules.

Now they have started it by issuing UAN number which will have all PF accounts merged

 

[IndianMascot]

So why Govt. is not merging PF accounts rather then bringing this rules.

Exactly, they should automatically merge the all existing PF accounts and problem will be solved.

 

[scorpionking76]

Exactly, they should automatically merge the all existing PF accounts and problem will be solved.

Loop holes have been fixed now with UAN number bhai

 

[IndianMascot]

Loop holes have been fixed now with UAN number bhai

But they are still not merging all accounts in one UAN. Isn't it ?

 

[scorpionking76]

But they are still not merging all accounts in one UAN. Isn't it ?

Nope bro, now it's mandatory to have UAN number

 

[IndianMascot]

I agree to have UAN number bro. But what if someone wants to merge all his earlier PF accounts to one single UAN

 

[scorpionking76]

There is a form which you will have to fill in the details and hand it over to your existing employer. They will take care of the rest. If you don't have the details handy you will need to visit your previous employer and seek details from the payroll team.

 

[IndianMascot]

You mean PF account transfer kya?

 

[scorpionking76]

You mean PF account transfer kya?

Yup

 

[IndianMascot]

That can be done only if we don't have opened PF account in current company but what is I already have a PF account in current company and wish to merge it with previous companies. Is there any option or policy available