FinRight

This is why we started @FinRight Thank you, Siva Rangaswamy, for this. It means a lot to the whole team. Siva had been trying to withdraw his PF since 2023. Every attempt came back “rejected,” with no real reason. When we dug in, it wasn’t one problem. It was several stacked together: a pension record his old employer had filed wrong, extra verification because of a long gap since his last job, and a PF office in another city asking for documents. We fixed them one at a time. A few rounds of claims and one grievance later, his money was withdrawn in full. Online. No trip to Chennai. This is why we started FinRight. Most PF rejections have a fixable cause. The portal just doesn’t tell you what it is. Special thanks to Aditya Salian for staying with this case through every round. Claim stuck or rejected? Book a free call. Link in comments.

𝗙𝗼𝘂𝗿 𝗿𝗲𝘃𝗶𝗲𝘄𝘀 𝘁𝗵𝗶𝘀 𝘄𝗲𝗲𝗸. 𝗙𝗼𝘂𝗿 𝗣𝗙 𝗰𝗮𝘀𝗲𝘀. 𝗡𝗼 𝘁𝘄𝗼 𝗹𝗼𝗼𝗸𝗲𝗱 𝗮𝗹𝗶𝗸𝗲. Shantanu's records had three problems at once: missing Annexure K, EPS discrepancies and ECR errors. Each needed a different fix, in the right order. What he wanted most was someone to tell him what came next at every stage. Samruddhi stayed with him through each one, explaining and following up until it was sorted. Ritika had already tried her transfer on her own, and it was rejected more than once. By the time she reached us on a friend’s recommendation, she had been at it for a long time. Kunal’s first job was finding exactly where it was stuck. Then came the slow part: fixing things in sequence, plus on-ground follow-ups with the EPFO office when the system alone wasn’t moving. It took months, and she stayed patient through all of it. Satya is a Chartered Accountant, so understanding PF was never his problem. The problem was time. Chasing PF paperwork means calls, follow-ups and weeks of waiting, and he wanted all of that off his plate. Sometimes knowing how something works matters less than having the time and energy to see it through. Mamta took it on and handled every step until his issues were cleared and his withdrawal could move forward. Abdul's Case came down to persistence. It didn’t move the first time, or the second, so we kept following up. Tanisha stayed on it and kept him informed at every step until it was done. Different problems, different timelines, different roadblocks. What they shared was rejections we had to understand before we could fix them, weeks when there was no update to give, and EPFO follow-ups that never show up on a status tracker. None of it works without trust from the other side. Thank you all, for believing in us when progress was slow, and for sharing your stories. Samruddhi Parulekar, Kunal, Mamta Punnalla and Tanisha: these reviews are about your work. And we’ll keep doing this, one PF case at a time. If your EPF claim, transfer or withdrawal is stuck, we can help Book a call at👉 finright.in/?utm_source=Twit… #EPF #EPFO #ProvidentFund #PFWithdrawal #FinRight

✨ This Dussehra, may good triumph over evil and clarity triumph over confusion. Just as Lord Rama overcame every obstacle, may you overcome your financial hurdles and move towards a more secure future. Wishing you and your family a very Happy Dussehra! 🏹 — Team FinRight #HappyDussehra #FinRight #FinancialWellness #PF #SecureFuture

PF transfer stuck for a long time. Solved by fixing what was underneath it. You switch jobs a couple of times, as most of us do. Each time, your PF stays behind with the old employer. One day you decide to bring it all together. It should take one online claim? right? But for Mohit, it wasn’t that simple. Mohit is an investment banker, and his PF transfer kept getting stuck. He tried to sort it out himself for a long time, with little progress. That's when he reached out to us! When we looked at his full PF history, the transfer turned out not to be the real problem. Three issues were blocking it: → His name didn’t match across his PF records → His EPS (pension) records needed a correction → A few items with his previous employer were still pending Each one blocked the next. Filing the transfer again doesn’t fix any of these. They had to be fixed first, and in the right order. So we mapped out every correction before touching the transfer, sequenced them so none would bounce back, and tracked the case through each stage. Kunal owned it end to end. The name was corrected, the EPS records were fixed, and the transfer is now complete. Most people with a stuck PF transfer have the same experience. There’s no clear reason, just “under process” or a rejection. More often than not, it’s a record problem that looks like a transfer problem. Thank you, Mohit, for trusting us and for sharing this. And well done, Kunal, for seeing it through to closure. If your PF transfer has been stuck too, talk to our EPF expert: finright.in/?utm_source=Twit… #EPF #PFTransfer #EPFO #PersonalFinance #FinRight @ActusDei @thefynprint @FinRight

Her PF transfer had already been rejected once. Raising another transfer request without fixing the real issue could have brought her right back to the same rejection. That is when Jyotsna Bhole reached out to FinRight. At first, it looked like a straightforward PF transfer issue. But once our team started reviewing her records, we found that there was more happening underneath. She had multiple UANs, and there was also a name mismatch in her PF records. So instead of immediately attempting another transfer, we first checked her KYC documents, member details and the information available on the portal to understand exactly where the mismatch was coming from. The correction had to happen before the transfer. Our team helped Jyotsna identify the appropriate correction route, including the Joint Declaration process wherever required. We also reviewed how her multiple UANs and PF accounts needed to be handled so the correction, transfer and consolidation could happen in the right sequence. What looked like a rejected PF transfer was actually a deeper record-level issue. Once the underlying problem was identified, Jyotsna had a clear path forward to correct her records and proceed with the transfer and consolidation properly. A rejected PF transfer is not always the problem itself. Sometimes, it is simply the first sign of an issue hidden in your KYC, member details, UAN history or service records. Thank you, Jyotsna, for trusting FinRight with your case. And a special mention to Mamta for staying closely involved, coordinating the documentation and guiding the case through each step. If you’re facing a PF or EPS issue, book a call with us and we’ll help you understand the right way forward. Link: tinyurl.com/mu8ewu2x

Earlier this week, @absolutely_KJD from @FinRight was featured in @EconomicTimes and @theoutlookmoney on the new ₹25,000 EPFO wage ceiling. But the bigger story isn’t the change from ₹15,000 to ₹25,000. It is what happens when millions of more employees enter the social security system. In @theoutlookmoney, he spoke about what actually changes for employees. With the higher wage ceiling, EPS membership becomes mandatory for eligible employees earning up to ₹25,000 in basic + DA. But EPS eligibility isn’t decided by your current salary alone. If you were already an EPS member, you generally continue to remain one even if your salary later crosses ₹25,000. On the other hand, if you enter your first job above the wage ceiling, you may not enter EPS at all. Which means two people earning the exact same salary today can have completely different EPS treatment because of their past employment history. In @EconomicTimes, he went a step deeper. The concern isn’t whether expanding social security is good. It is. The concern is whether the existing system is ready for millions of more employees. We already see cases where wrong Date of Joining or Date of Exit, incorrect EPS contributions, missing contributions and gaps in service history remain unnoticed for years. These issues often surface only when someone tries to transfer or withdraw their PF, or claim their pension. And with the new ceiling, a much larger group of employees will now enter EPS. As @absolutely_KJD pointed out, expanding coverage without fixing these legacy issues could simply expand the number of people affected by them. That, for us, is the bigger conversation around this change. The ₹25,000 ceiling may bring millions of more Indians under social security. But wider coverage has to be accompanied by clearer rules, cleaner records and a system that makes mistakes easier to correct. For employees, the takeaway is simple: Don’t just check how much money is sitting in your PF account. Check the record behind that money. Your EPS status, Date of Joining, Date of Exit and contribution history could matter far more when you actually need to access your PF. Thank you to @SanketD_ET and Versha Jain for giving us the opportunity to contribute to this conversation.

₹15,000 to ₹25,000 sounds like a simple EPF update. But the impact on your salary may be very different from the person sitting next to you. For one employee, take-home pay falls. For another, nothing changes. For someone else, the contribution stays the same, but they come under pension coverage. Why? Because the impact depends on how your PF is structured today. Is your PF capped at the wage ceiling? Is it calculated on your full basic salary? Are you already covered under EPS? These details can completely change what the new ₹25,000 wage ceiling means for you. We’ve broken down the 3 common scenarios in the infographic below, with the before and after monthly numbers. Find the one that matches your PF structure. Follow us for more PF content.

Most salaried employees think their PF is tax-free. That’s only partly true. Whether you pay tax depends on what you are withdrawing, how long you have worked, and in some cases, how much you contribute to PF. Here’s the simplest way to understand it: If you are making a partial withdrawal, you can withdraw up to 75% of your total PF balance after completing 12 months of membership. If the withdrawal falls under the permitted categories, the amount withdrawn is tax-free. The remaining 25% stays invested in your PF. But if you want to withdraw 100% of your PF, the 5-year rule becomes important. If you have completed 5 years of continuous service, the withdrawal is tax-free. If you withdraw before completing 5 years, the amount is non-taxable if your withdrawal is less than ₹50,000. For taxable withdrawals of ₹50,000 or more, TDS also comes into the picture. With PAN, TDS is generally 10%. Without PAN, TDS can be around 20% to 30%, depending on the applicable case. TDS is only the tax deducted at the time of withdrawal. Your final tax liability can be different. PF can also be taxed without you withdrawing anything. If your employer contributes to PF, interest earned on your own annual contribution above ₹2.5 lakh is taxable. And EPS has its own tax treatment. Monthly EPS pension is taxable as salary, while an EPS withdrawal benefit can also be taxable under the applicable tax provisions. So “PF is tax-free” is not really the complete answer. The better question is: what are you withdrawing, and under which rule? Have a PF taxation question that isn’t covered here? Drop it in the comments. We’ll answer them all. #EPF #EPFO #ProvidentFund #TaxOnPF

Is the new extra PF deduction from your salary worth it? The way we see it, there isn’t one answer for everyone. If you’re 25, that extra contribution has decades to grow. If you’re 50, the same deduction has a much shorter runway before retirement. Take someone earning ₹20,000 basic + DA and entering EPFO coverage now. ₹2,400 gets deducted from the employee every month, while the employer contributes another ₹2,400 across EPF and EPS. So yes, the immediate impact is simple: your in-hand salary comes down. But for a 25-year-old, those contributions could get around 35 years to compound. Assuming constant contributions and 8.25% EPF interest, the EPF corpus can grow to roughly ₹76.5 lakh by age 60, along with an estimated EPS pension of around ₹10,000 per month. That is where the long-term case for the deduction starts looking much stronger. Now take someone entering EPFO coverage at 50 with the same salary. With only around 10 years left until retirement, the same contribution structure builds roughly ₹5.8 lakh in EPF, along with an estimated EPS pension of around ₹2,857 per month. The deduction is still real today, but the money simply has much less time to grow. One important caveat: this comparison is for someone entering EPFO coverage at those ages. An existing 50-year-old EPF member may already have decades of contributions and an existing corpus, so their situation should not be compared as if they are starting from zero. So we wouldn’t look at the new ₹25,000 wage ceiling only as “more PF deduction = lower salary.” For someone early in their career, the trade-off can make a lot more sense because time does most of the heavy lifting. For someone much closer to retirement, the benefit is still there, but the equation is naturally tighter. If you’re unsure how the new wage ceiling affects your own salary, EPF or EPS contributions, book a call with a FinRight PF expert and get your case checked. #EPFO #EPF #ProvidentFund #RetirementPlanning #SalariedEmployees

Yesterday, we received two very different customer experiences. Together, they reminded us why we started FinRight. Proshanto’s case was one we could not resolve. He had almost given up on recovering his PF, and despite our efforts, the case reached a point where the outcome was beyond our control because of the complexity of the process. What stayed with us was his response. He appreciated the effort, the transparency, and the fact that we were honest about what we could and could not do. He even chose to share his experience publicly. We don’t shy away from cases like this. Our promise is simple: if we cannot deliver what we committed to, we refund the full amount. Then there was Vadivel. His PF history had been complicated for more than 7 years. Multiple UANs, stuck transfers, EPS issues and accounts that needed to be consolidated. After around 1.5 months of persistent work, the issues were finally untangled. And yesterday, the money reached his bank account. Two completely different outcomes on the same day. One reminded us that persistence does not always guarantee a resolution. The other reminded us why persistence matters. What we promise our customers is straightforward: we will explore every possible route, follow up consistently, and communicate honestly throughout the process. Some cases are resolved quickly. Some take months. And sometimes, despite every possible effort, the final outcome may still not be in our hands. We’re fortunate to have a team that continues to show up and do the difficult work behind the scenes. And to everyone who trusts us with something as important as their hard-earned PF, thank you.

EPFO wage ceiling has been increased from ₹15,000 to ₹25,000 per month. This is a major change for salaried employees. The revised EPFO wage ceiling expands mandatory EPF, EPS and EDLI coverage. For employees whose PF contribution was calculated on the earlier ₹15,000 ceiling, the employee contribution at 12% can increase from ₹1,800 to ₹3,000 per month. The employer contribution is also split between EPF and EPS. With the higher wage ceiling, the amount going towards EPS pension can increase, which could mean a higher monthly pension after retirement. Unlike EPF, however, EPS does not earn interest as an individual corpus. So there is a trade-off: your monthly take-home salary may reduce, but more money can go towards your long-term retirement and pension benefits. Do you think increasing the EPFO wage ceiling to ₹25,000 is the right move for salaried employees? #EPFO #EPF #EPS #ProvidentFund #salariedemployees