I have recently got a EPF Account transferred to a new EPF account . After this transfer, the old EPF account which had a ZERO balance till recently, has suddenly got a negative balance of over Rs. -60000. The transfer process is successfully complete, and the status “your claim has been settled and credited to new account”. What do you think is the reason of negative balance then?
Thanks for your reply. I have got this negative balance in the PF account which is already transferred, I mean this account is already transferred to a new PF account. Is this still an issue?
Anyways, I have just registered a grievance online to EPFO Bangalore.
This negative balance was due to a clerical error, and the EPFO has corrected it.