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Unable to Withdraw EPF as Previous Company Closed: What Can I Do?

Milind Vadjikar |1086 Answers |Ask -Follow

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

Question by Ajay on Aug 08, 2024Hindi

Money

I was working for company till 2012 where i have accumulated epf . I had gap years till 2016, when i joined new company and worked till 2018 and retired at age of 58. I was allicated UAN and i withdrew accumulated epf of 2 years and eof account was closed. I still have accumulated epf in compsny i left in 2012 and not able to withdraw or transfer earlier as company closed diwn in 2012. I approached the EPFO, they asked form 13 to be submitted tobe signed by cu?rent or previous employer- in my case my earlier company closed, last company account closed, and i dont have cutrent employer- how can i get my accumulated epf. Request guide possible process. One EPFO said join a new company, initiate new epf acccount and apply for transfer after a couple of months - i am not sure how feasible i this as i am already 64, and will epfo allow new account at thus age after a gap of 6 years?

Ans: Your case is unique. My suggestion is get help from a lawyer who specialises in labour laws to represent your case with EPFO.

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 Vadjikar |1086 Answers |Ask -Follow

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Asked by Anonymous - Apr 23, 2024Hindi

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I had been working since 1984 to 2019.but there was no EPF facility till I worked 1990. From 1991 to 2001, EPF was there but no details are available with me..Company is also closed...How I will get epf benefit from this company.From the service of 2001 to 2019, now co. is asking pf slips from the emplyees. Theh have the details frm 2009 to 2019.. Please advise how i wll get all these documents Now iam retired too

Ans: Your case is peculiar. Plz. seek help from a lawyer specializing in labour laws/EPF regulations who could guide you to get your EPF money back.

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Question by Deepak - Nov 22, 2024Hindi

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Hello Experts, EPFO went digital/online in 2014. I started working in 2005 and until 2014 there is no cary forward of my PF money and for the matter of the fact i dont even know how much money is lying in EPFO for my employment duration 2005-2014 (i worked in GGN, BLR & BOM). please guide how can i seek the details of my Pf corpus from 2005-2014 and consolidate it with my current active UAN account?

Ans: Bets way seems to be to visit EPFO office to seek details.
However, your previous employer(s), who deducted PF & deposited in your account may also help you to get the relevent details.
Most welcome for any further clarifications. Thanks.

Milind Vadjikar |1086 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Jan 06, 2025

Question by Victor - Jan 04, 2025Hindi

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Sir, i had left a company in 2013 without resigning. There was no UAN at that time. Then i joined another company and received UAN number. In 2024 in the epfo portal i linked the epf of the company that i left in 2013 using aadhaar and brought it under my UAN number, but the exit date is blank. All other details are available like date of joining, balance in my account etc. I tried entering the exit date with all the details, but a comment pops up that only the company can enter the exit date as there is no records online. My company will not do it as i had left without informing. I am not working now. I am 54 years old, can i close my epfo account and withdraw the amount in my account, or will i automatically get all the amount on me reaching 58 years. Can i please be guided on how i can withdraw the amount without exit date

Ans: Hello;

The exit date updation is essential before withdrawal.

You may visit the assigned EPFO office with supporting documents and discuss with concerned officers for satisfactory resolution.

Else you may file a grievance with EPFiGMS portal regarding the problem faced by you pertaining to the exit date updation.

You may also approach them on social media, if needed.

Best wishes;

Milind Vadjikar |1086 Answers |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Feb 16, 2025

Asked by Anonymous - Feb 12, 2025Hindi

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I closed my EPFO account when I left my job in 2020 after which I rejoined the same school after 3 years, my contract stated that I would get the EPF but no money was deducted nor did i get the employers contribution. I rejoined when I was 64 and I am still working at the same school, Please advise as to what I should do?

Ans: Hello;

Please discuss your revised terms of employment, after retirement, with the administration of your organization.

If there is any error then may be you both can find an amicable solution.

Escalation at this stage may harm your employment hence is neither advisable nor warranted.

Best wishes;

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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