PPRuNe Forums - View Single Post - EXPAT PF funds frozen in India
View Single Post
Old 10th Feb 2011, 19:26
  #3 (permalink)  
Rotorhead1026
 
Join Date: Feb 2007
Location: The Far Side
Posts: 399
Likes: 0
Received 0 Likes on 0 Posts
I'm no longer over there, but I've asked around and not every airline is collecting this. I never paid into it but I last drew a paycheck in 2009.

Keep a friend over there with a bank account. It appears that when you come "of age" you can have the funds transferred. I'm sure it will be a major hassle, but it's all you've got right now.

Expat Indians are upset that they have to pay into various countries government retirement systems with no chance of reimbursement. Most of these plans are technically bankrupt, and aren't making payments to anyone unless they're eligible. Getting your money out early isn't an option. India may be responding in kind. Unfortunately, this type of retaliation, deserved or not, rarely does anything except cause trouble.

With luck, the situation may be resolved diplomatically and you can get your money. Otherwise, you are $crewed. My sympathies ...
Rotorhead1026 is offline