Team-BHP - The "Provident Fund" Thread

Quote:

Originally Posted by rodmart (Post 5767350)

I withdrew my PF amount a few weeks back.

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.