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Confused PF applicant with error code 520160 and two UANs - What should I do?

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Sep 05, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Subhash Question by Subhash on Nov 28, 2023Hindi
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Have applied for pf withdrawal Has provided error code 520160 Have 2 uan Do i have to merge Prevous employer First source Solutions limited Bank icici bank Last employer tech mahindra Bank icici bank Should i change the bank to hdfc bank As have applied for first source solutions limited uan Or should one merge

Ans: Better is to merge the UANs
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 30, 2024

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Dear PF Experts, My daughter worked in 3 different organizations from 2011 to 2021 (one after the other without any gaps in service and without any overlaps also). She is not working now. When she was working in 3rd organization, she was able to get UAN. In this UAN, PF accounts of second organization and third organization are mapped/moved. Somehow, first organization’s PF account not moved to this UAN. My queries are:- 1) Can she move first organization’s PF account to the above UAN now? If so, what is the procedure to move? 2) Can she withdraw the full PF amount available in UAN now through online mode without moving first organization’s PF account to UAN and claim PF amount accumulated through first organization at a later date through offline mode? 3) Somewhere I read that even for claiming PF amount available in UAN, first we need to merge the accounts in UAN. Is it correct? When two accounts are already available in UAN, why merging is required? Not able to understand merging point clearly. If merging is required, how to merge the accounts? Or can she withdraw one after the other? It would be great if suitable advice / guidance is given to us. Best regards Murali Krishna
Ans: Hello;

Answers to your queries as given below:

1. Yes she may link First company pf with this UAN.

2. Yes, but it is advisable to withdraw entire pf in one go! The complexity of withdrawing from old pf account not linked to current UAN will only increase with time.

3. Merging multiple pf accounts under single UAN(active) is a simple online process(EPFO provides step by step guide on their website for the same, even other reliable resources are available). It is essential to do so before withdrawal.

Best wishes;

..Read more

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