You are here

How to close Provident Fund Account

How to close Provident Fund Account?

Unlike the savings account, a Provident fund account cannot be operated at will. A Provident fund account is opened for the person by the organization once he or she starts working there as a mandate and money is deposited into it every month cumulatively from the employer and employee’s contributions. No withdrawals are allowed from it before a period of five years. And even if some is done that is given as loan is realized back. The only way one would be able to close a PF account is when the person is no longer in the job.

Under such a situation a duly filled up form from the employee is required with proper stamped attestation from the employer. It’s absolutely a mandate that the employer has to do the same. In case the employee finds getting that done from the employer then he may approach a notary public, a gazetted officer or a magistrate to get the attestation done on the PF account closure form.

Once the duly filled up form is submitted to the PF office they would take something like one month to three months to send the refund to the employer. The refund can either go to the employee’s nominated bank account or a cheque is delivered to him, along with the accrued interest on the savings in the Provident Fund account.

Other situations, like in case of a demise of the Provident fund account holder, the account is closed automatically by the PF office upon receipt of the intimation from the employer, and all the savings in the PF account along with the full interest accrued in it, is passed on the beneficiary nominated as the “Nominee” of the PF account by the original account holder at the time of opening the account.

Comments

Dear Sir, i (vengala pandurangarao) working Udayam daily news paper (Taraka prabhu publishers pvt ltd.) as d t p operator.the udayam daily paper lockout 1994. so, i can not run my p f accounbt after 1994. i would likt to close my account. but how?. pl send some information. thankyou sir,

Dear Sir ; I am working an ltd company after 10months my pf account not current years not run , so pls closed information send my mail sir. Thanks & Regards, Periyasamy.V

Dear sir, I resigned from WIPRO Technologies more than 2 years back. Can I close the Provident Fund account now and get my balance amount? If yes, What is the procedure to follow? I heard that we need to close the account with in 2 years from the date of leaving the organization. Is that true? Please help me. Thanks in Advance

Dear sir, I resigned from WIPRO Technologies more than 2 years back. Can I close the Provident Fund account now and get my balance amount? If yes, What is the procedure to follow? I heard that we need to close the account with in 2 years from the date of leaving the organization. Is that true? Please help me. Thanks in Advance

Dear sir, I resigned from WIPRO Technologies more than 2 years back. Can I close the Provident Fund account now and get my balance amount? If yes, What is the procedure to follow? I heard that we need to close the account with in 2 years from the date of leaving the organization. Is that true? Please help me. Thanks in Advance

sir I have worked in a private school for 5 months only, they have deducted money for pf from my salary for those months and now I got relieved from it. whether I am eligible to get my PF amount back.

I worked 3yrs.my last company but now iam not working with my old company and after 2.5 months i join new company so can i applicable to withdraw my PF please give me advice. Regards, Ramchandra R.

Dear Sir, I am having PF account from my previous company.But now i can't run my PF account, please provide me details to close PF account. Regards Jitendra singh

Dear sir, I worked Rama motors pvt Ltd. From four years but now two months before I resigned this company and also joined other company, so I want to close my pf account please give me details how should I closed my pf account give me proper details. Thanks Sushma panwar

Hello, You can close your account only if you are no longer employed. Since you have already joined another company, you can now only get your PF account transferred to your new company. Hope this helps answer your question.

No, to the best of my knowledge you can close your previous comapany's PF account & have back the savings in your hand. your new company will open a new PF account for you in case you don't want to continue with the old PF account.

No, to the best of my knowledge you can close your previous comapany's PF account & have back the savings in your hand. your new company will open a new PF account for you in case you don't want to continue with the old PF account.

Hi,i quit my job and currently unemployed . I would like to close my PF account from previous company and withdraw the money . Can anyone pls help with steps to close PF and withdraw PF amount. What are all the details required for it

Can I close my PF account online? I have left my job a couple of years back and now have moved to US. I am looking for a way to close my account online.

Dear Sir , I have PF account from my previous company. It now 5 year i left the company , i have applied for transfer from my existing company 3 year back but till date nothing happened. In my current company the PF is managed trust , can apply to transfer the PF from previous (maintained in EPF tamilnadu) to current PF account ( maintained by PF trust of the company). Thanks in advance . Regards Sriaknt

Dear sir, 1st week of may 2015 i was closed my pf account by filling the forms and submitted to my previous organization.Can any one tell me when will i get the amount & maximum duration for the processes to refund to my account. Thank you.

Hi I resigned from my job nd jst want to know tht is der any rule tht if v dont use acc.with in a year it will collapse??

sir, i am retired employee from mnc company and i am getting Rs. 674/- as monthly pension from EPF. Can I sell my pension totaly since i am getting small amount. Is there any possiblity to close my pension before death. Please suggest .

Hi sir/madem, I have resigned my job and i withdrawn my my money as well, now in new company gave new pf account number how to close my previous one and how to attach my new pf account to my UAN. which is assigned at the time of was in old company.

Sir, I have a Proprietorship Business of Electrical repairing works, for which I have register my companies enrollment in EPFO from 2006. After 2012 I have no job in my area, so that I could not continue my Employer EPFO account. I want to Close my Account of Employees Provident Fund Organisation. What to Do in this matter, Please advise me. Thanks with Regards Ujjal Chakraborty

previously I am working as customer support Engineer one company.But I don't known the PF no..Now that company is on lockout list.How I known my PF account no. for applying PF amount. Pls is there any solution. my joining duration period is Sep 2005 to Aug 2008.

Sir, I have a Proprietorship Business of Electrical repairing works, for which I have register my companies enrollment in EPFO from 2014. After I have no job in my area, so that I could not continue my Employer EPFO account. I want to Close my Account of Employees Provident Fund Organisation. What to Do in this matter, Please advise me. Thanks with Regards

Add new comment