According to the rules, if the employee leaves the job, then the balance amount of his EPFO account can be transferred to another EPF account. He cannot withdraw the entire amount.
If you are in a private job, if you change in a hurry, then you need to be alerted regarding the EPF account. When a great package is offered, you join another company without properly designing.
At the time of joining a new company, if you do not provide your documents and necessary information, then you may have to face a problem with the EPF account. When joining a new company, you need to provide a universal account number. This number is issued by the Employees Provident Fund Organization to EPFO members.
If you have a UAN created in an old company and are not aware of the new company. In such a situation, the new company makes a new UNN number based on your new PF account. In such a case, you will not be allowed to operate more than one account if you are a PAN card holder.
The old employer will not enter your date of leaving the company before the company’s resignation is accepted. According to the rules, if the employee leaves the job, then the balance amount of his EPF account can be transferred to another EPF account. He cannot withdraw the entire amount.
In addition, if the contribution is discontinued, he cannot remain a member of the EPF for long. In this case, he cannot withdraw even a partial deposit from his account. In this regard, the Public Relations Officer of EPP says that you have to give the date of leaving the company from the old employer in your EPF account details.
If this is not the case, not only can you be deprived of withdrawing money, but you also cannot see your EPF passbook. In such a case, you will have to go to your old employer and get the EPF account rectified. For this, the joint declaration form has to be filled. You also lose this option if you do not cooperate on behalf of the old employer. So to avoid this kind of situation, while joining the new company, complete all the necessary formalities from the old company.