🔴How to withdraw PF or transfer PF from Exempted Trust? - YouTube

Friends if you ever have tried to withdraw your PF & saw such kind of error

where it is written that your PF is managed by a trust

so please contact your employer

then it simply means that your PF Amount is not with EPFO

And your PF Money is with your company

why such a thing happens & in such cases how the withdrawal of money can be done

and when you change the job then how you can transfer your PF Money

So today we will get the answers to all these questions through this video

In our country, there are almost 1500 companies that don't deposit PF Money with EPFO

Instead, they manage it by own

In these 1500 companies, there are more than 50 lakh employees

And they are managing more than 1 lakh crore on their own

And out of that 50 lakh employees, you could want to withdraw PF Money

But that withdrawal is not possible on the online portal of PF

such withdrawal can be done in your company only & how it can be done will be discussed by me

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So first of all let's talk about what is PF TRUST?

In our country, there are many big companies like TCS, INFOSYS, ACCENTURE, BCG

where people in large number works

where such large number of people works & it becomes difficult for them

If on any day, 100 employees request for their PF withdrawal

then company's HR have to assist those 100 employees separately

And in this manner, both time & money gets wasted

So to facilitate you people with better services

EPFO allows these big companies to manage the PF Money on their own

And whenever employees want to make such withdrawal then the company will their money back to them

You don't need to take any sort of tension

because rules applicable in the case of NORMAL PF is also applicable in the case of TRUST PF

means over here in case of TRUST PF also you will get interest at the rate of 8.65℅

You will also have UAN Number & PF Number

but you cannot view your passbook online i.e., at EPF Portal

because the passbook is made by EPFO

When EPFO is not having your money then they cannot make such entries in your passbook

but it doesn't mean that your money is not safe because you can consider EPFO like an RBI

and exempted companies are banks so without EPFO permission banks cannot do anything

the case is the same where you are getting the same interest as in the case of EPFO

the only difference is that money's are kept at different places

And companies who have permission from EPFO to manage their own money

Those companies are known as exempted from PF

and companies who deduct money & submit it with EPFO is known as unexempted trust

Now big question is that how will you know that whether your company falls under trust or not

So, PF Department has established a very good feature which is known as "PF Establishment Search"

on which we have already made a video & you can find it through by clicking on this I button

And you can find it out whether your company is falling under exempted or unexempted trust

If your company is under exempted trust then during PF Withdrawal you have to consult your company's HR

then it is your company's HR responsibility to give your PF Money along with the interest

& if that withdrawal is getting delayed by 7-10 days

then you have the power of addressing your grievance on the PF Grievance Portal just like other people do

where you can mention that so & so the company has not given your withdrawal money yet

Now I will tell you how you can transfer your PF Money instead of withdrawing it

when you leave one company & join the other company

and you are leaving the TRUST Company & joining the company where TRUST is not maintained

then over in this case PF Money is directly deposited with EPFO

In this case, you have to contact the HR of your present company which you are about to leave

that I am leaving this company and joining other company

After that, it's HR responsibility to handover you the 4 things i.e., 1st your EPF Account statement

where details regarding your monthly contribution along with interest rate will be mentioned

then HR will give you Annexure A where your date of joining, date of exit, PF Balance, interest levied on it

Your service period, old & new PF Numbers, everything related to this will be mentioned

3rd thing is a letter where your old company will write a letter to your new company

where it will be mentioned that our employee is leaving the company and joining another company

kindly take this money from our company and transfer it into an EPFO

and the last thing that you will get is a cheque on which the EPFO Amount will be mentioned

this cheque will not be in your name. Any company which you are about to join

it will be on the name of that place regional PF Office

suppose you are leaving a Trust company & joining any company of Jodhpur

then your cheque will be given on a name i.e., Regional PF Office Jodhpur

because you are transferring your money from Trust to EPFO

Along with these 4 documents, you will visit your new company HR

HR will write a new cover letter where he will mention that this employee has left that company & join our company

In a previous company, his PF Amounts this much and this is the cheque for

so kindly take out this sum & submit it with the EPFO

this letter will be sent to the Regional PF office whichever is applicable over there

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then you will get 7 investing courses worth Rs.31500/- for free if you are LLA Subscriber

So many people are not aware of such process & they think that they can perform such process online

then this facility is not for you if your PF Money is kept with your company only

for this work you have to contact your company's HR

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