Yes. I am agree with you Kayshikr.
After viewing this post, I tried to acquire some instructions over the matter to help our members. I had some talk with some experienced teachers and one Treasury Officer. It is surprising to know that every one provided some different ideas.
Anyway, I think the following procedure would be maintained on P.F. Transfer.
1. The school will close the P.F. Account and submit a cheque to the teacher.
2. After joining his/her new assignment the teacher will deposit the amount in the P.F. Account of the school through Treasury Challan(T.R.-7).
3. Thereafter the teacher will file an application to the H.M. along with a copy of the T.R. Challan for opening a new account and crediting the deposited amount into his/her account.