Received less PF than expected (Transfer case)

POSTED BY Pritesh ON January 12, 2013 10:39 pm COMMENTS (8)

8 replies on this article “Received less PF than expected (Transfer case)”

  1. Pritesh says:

    Thanks Ashal. Appreciate your quick and clear response.

    Cheers,
    Pritesh

  2. Dear Pritesh, as time is running out, please purchase a term cover right now & invest the remaining amount into PPF if account is already running. In case PPF acct. is not there, please invest in your VPF.

    Thanks

    Ashal

  3. Pritesh says:

    Hello Ashal,

    I am unable to post query in the forum. After updating the question, it shows blank. Hence asking the same over here….

    I am looking to invest Rs.12000/- lumpsum amt. to save tax for current financial year.

    Should I go ahead and open PPF a/c?
    Invest in Mutual fund or tax saving ELSS?
    Opt for VPF?
    Buy term insurance?

    I haven’t invested anything in the above mentioned schemes.

    Need your guidance on the same. Kindly advice.

    Thanks & Regards,
    Pritesh

  4. Dear Pritesh, to know about RTI for PF, please search for an article written by dear Manish in the main site.

    http://www.jagoinvestor.com

    Thanks

    Ashal

  5. Dear Pritesh, please file an RTI to know the exact amount & basis of calculation of that amount if you are in doubt.

    Thanks

    Ashal

    1. Pritesh says:

      Thanks Ashal…:-) I’ll do that.
      Is there any prescribed format to file an RTI? Or can I mentioned it the same way as above…

      Thanks & Regards,
      Pritesh

  6. Dear Pritesh, what’s the query?

    Thanks

    Ashal

    1. Pritesh says:

      Hello Ashal,

      May be due to techincal issue I was unable to post the query. Please find below the same:

      I have applied for the transfer of my PF amt from previous employer to the current employer by submitting Form 13 quite a long time back. Also I registered a complaint through EPFiGMS as it was getting delayed. I have received a mail from them stating “Tr. of PF from XX to XX settled for Rs. 42102/- vide chq.no. xx dt 11/12/2012.”

      I think the amount that is transferred is to the new PF a/c is very less than the expected or maybe I am calculating in a wrong way. Kindly help me in it.

      Total Tenure with previous employer: 46 months
      Date of leaving: 12/03/2011
      Employee PF contribution: Rs. 528/- each month (from 1st month till end)

      As per my estimate My PF accumulation should be more than Rs.48000/- without considering any interest on it, assuming Employer contribution is same as Rs.528 (including the Pension part). Then I suppose I should have received more than Rs. 42102/- into my new PF a/c.

      Need your guidance on further course of action from my end.

      Please let me know in case you need any other information.

      Thanking you in anticipation.

      Thanks & Regards,
      Pritesh Vora

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