Hope you are doing well !!
I have worked for 5+years ie. (Feb,2013 till May,2018) in IT. I have worked with two organizations during my tenure of 5+years . I have already transferred the PF account from 1st company to 2nd company in 2017. Now, I have quit my job and tried to withdraw EPF and EPS. My EPF got settled and amount is credited in my account. My EPS is also settled but the amount is Rs. 22896 only.
My last drawn monthly basic salary was Rs.19,380 and my total take home per month was Rs. 58,000.
So according to the calculation for 5years of service, the proportion of wages at exit is 5.02
considering that, 19380×5.02 is Rs.97,287 but I recieved only Rs.22,896.
Should I raise a grievance in epf or have I received the correct amount.
I am fine and hope you too. Whether you applied for EPF withdrawal separately for both EPF accounts or in a single withdrawal you withdrew both EPF accounts? If you applied in a single withdrawal form and there are no issues with respect to EPF withdrawal amount, then better you raise an issue with EPFO Grievance Cell Online.