These PF trusts are usually just a tool for accumulating funds. They may have their own set of terms and conditions
I left my last company 3 months before completing 5 years of service. I am yet to join elsewhere. I am told that I have a window of 3 months; after which the provident fund office would automatically close my account and refund the money after deducting 30%. My former company does not deposit money in the Employees’ Provident Fund Organisation (EPFO) but in a fund handled by chartered accountant. Had it been with EPFO, would the same rules apply?