POSTED BY August 20, 2013 5:05 pm COMMENTS (3)
ONHi guys,
I recently joined another organization, and the HR here tells me that we have to wait before applying for transfer of EPF account.
I was under the impression that the waiting period is only applicable for withdrawl.
Kindly tell me what is correct.
Regards,
Zaib.
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@Ahmad Zaib.
Wait for end of this month.
As per newspapers & sources the testing of online pf transfer is almost in the last stage so it will be sooner online.
Thanks BanyanFA for the clarification. Definitely helpful 🙂
Zaib,
I am not aware of any waiting period. However, it is always a good idea to wait for atleast a quarter just in case your earlier company had delayed paying your PF funds.
You don’t loose any interest in the mean time. Hence I believe it is not of a significant concern. However, in this process do not forget to transfer your PF else after 3 years your earlier PF account will become dormant and interest will stop accruing on it.