PF Features Others
35 3
She then approached the regional EPFO office. The officials denied any help without the PF
number. It took two months before she could fill the withdrawal form with her former employer.
"By the time the employer processed the form and submitted it to the EPFO, it was February
2011. In November 2011, EPFO misplaced my application/records. I had to go through the entire
process again. Since January 2012, my file is stuck with them," she says.
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Typically, it should take 30-60 days to get the claim processed but many quote a longer timeline.
This does not mean everyone has a hard time. According to certified financial planner Pankaj
Mathpal, claiming unclaimed PF amount gets difficult only in certain situations.
According to certified financial planner Malhar Majumder, "One can face endless problems when
applying for unclaimed EPF. Hence, it is common advice to hire consultants for this job." So,
what are the things you need to do here?
Requirement of documents
When you make an application to withdraw your EPF corpus, among other documents you also
need to give a copy of the resignation acceptance letter from the last employer. "Some EPF
offices may accept the relieving letter while some may not. There is no uniformity about which
documents need to be submitted. It all depends on how each office interprets the requirement,'
says Majumder. According to an human resource (HR) expert, sometimes EPFO executives
won't trust your original documents and might ask you to furnish a separate letter from the last
employer, stating the same things as in the experience letter (see box).
Exempted EPF
Under the exempted provident fund scheme, an organisation forms its own PF trust for its
employees. The employer executes the trust deed, prepares the PF rules and nominates the
trustees from among its employees for managing the trust. "Apart from the fact that claiming any
unclaimed money is difficult, with a trust system the problem is they have their own set of rules
and you have no alternative to check the status of your application. With unexempted PF, a
status check is possible," says the HR expert.
Address change:
If your past employer is not in the same city as yours, then you can face problems. Your claim
application will be processed in the city your employer is in. Therefore, getting to know if the
claim application has reached the EPFO office and following up thereafter, becomes an issue.
That's why he advises people to wait for a year before claiming the corpus because then, there
is no need to apply twice and the account earns interest for 36 months even without contribution.
Approaching PF Commissioner
Experts unanimously opine that a PF commissioner can be of help in such cases. However,
getting to him/her can sometimes be more difficult than getting the claim. Meenakshi recalls
having caught the commissioner only once till now but did not get enough time to explain her
issue.
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Therefore, it is advised that you transfer your EPF corpus each time you switch jobs because if
you need to claim from multiple employers, then you might need five-six years. Transferring the
corpus can be equally tedious.
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