Team-BHP
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https://www.team-bhp.com/forum/)
Quote:
Originally Posted by rodmart
(Post 5767350)
I withdrew my PF amount a few weeks back.
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Did the PF amount also have some component of pension? I'm asking because I have transferred the PF balances of all my previous employers to my current employer. I did this online through the PF website.
However, I notice that some small amounts are still being shown in the passbooks of previous employers under the head
Pension Balance (the last column in the passbooks). The total of these amounts is about 1.5 lakh.
Would you know about the procedure to transfer or withdraw this amount on retirement? Would it need me to visit all my previous employers? The PF website is not allowing me to initiate any transfer request for these pension amounts because the moment I enter the member ID, a message pops up saying PF balance is already transferred (which is true! But what about the pension balance?)
Quote:
Originally Posted by A_Basu
(Post 5767651)
Did the PF amount also have some component of pension? |
No this amount did not include the Pension part. Since you mentioned, I went and checked my passbook. My earlier PF account Pension amount also did not get transferred to the latest PF account. Will try to dig around for the procedure to withdraw the same. Will post if I get some information and am able to do the same
Quote:
Originally Posted by A_Basu
(Post 5767651)
Would you know about the procedure to transfer or withdraw this amount on retirement? Would it need me to visit all my previous employers? The PF website is not allowing me to initiate any transfer request for these pension amounts because the moment I enter the member ID, a message pops up saying PF balance is already transferred (which is true! But what about the pension balance?) |
PF Pension will not get transferred to new account instead only your service years will be transferred. Pension amount is maintained separately from PF amount. If your total service is less than 10 years, during PF withdrawal you can withdraw pension amount too, but there is no interest is applicable.
If your service is more than 10 years, then you cannot withdraw pension amount and you will be eligible to receive applicable monthly pension once you attain 58 years of age.
Quote:
Originally Posted by ZMG
(Post 5766215)
Hi
Do any of you see the interest received component in your passbook for 2023?
I see the last interest for 2022, and nothing after that. |
Quote:
Originally Posted by fordday
(Post 5706367)
Did you try viewing in Umang app? I found interest updated in the app passbook but not visible in the website. |
An update on this: Umang app is now updated with the PF interest for FY 2022-23 in my case.
Quote:
The rate of interest for the Financial Year 2023-24 @ 8.25% for EPF members has been notified by the government in May of 2024.
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Source
EPFO post on X
Quote:
Originally Posted by MT_Hyderabad
(Post 5781874)
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Am yet to receive. Anyone here lucky to spot the interest ?
Quote:
Originally Posted by Sk8r
(Post 5828106)
Am yet to receive. Anyone here lucky to spot the interest ? |
For me July entry is missing and August entry is visible! July entry will come with interest component I think.
Quote:
Originally Posted by Sk8r
(Post 5828106)
Anyone here lucky to spot the interest ? |
Yes! Got interest for FY 2023-2024 credited yesterday.
Has anyone recently faced login issues? The sign-in button for me hasn't been working for a few weeks, after I enter the credentials and the captcha.
Further, has anyone had any experience with their support service, telephonic or email?
I am yet to receive interest for the FY 23-24, so I filed a
grievance and this was their response. A few questions to the pros here.
1. By establishment are they referring to me as an individual or my employer ? If it is the latter then what role does my employer have to play here and how much time might it take ?
2. Is interest calculated up to the day funds are credited or up to March 31st only ?
Is anyone else facing the log in issue? I am unable to log into passbook and after keying in the credentials it goes blank!
Quote:
Originally Posted by Oppanna
(Post 5858831)
Is anyone else facing the log in issue? I am unable to log into passbook and after keying in the credentials it goes blank! |
It says System is down for maintenance. Try again later.
Quote:
Originally Posted by vinu_h
(Post 5858795)
I am yet to receive interest for the FY 23-24, so I filed a grievance and this was their response. A few questions to the pros here. |
I don’t think interest details for last FY is updated for anyone in the passbook. It may take sometime for the reconciliation. But if you want to withdraw or transfer your PF amount, the applicable interest amount will be paid out or transferred based on the applicable dates.
Quote:
Originally Posted by Oppanna
(Post 5858831)
Is anyone else facing the log in issue? I am unable to log into passbook and after keying in the credentials it goes blank! |
Passbook portal is always a mess, you can view the passbook through Umang app.
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