The basic pay and dearness allowance (DA) of an executive have been increased due to promotion, and now his revised basic pay and DA exceed 15,000/-. He now wishes to give up his provident fund (PF) benefit. However, since he has been a member of the PF since joining, is it possible for him to make such a declaration?
From India, Guwahati
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An EPF Member can not discontinue his membership, while is employment. Answer to your querry is "No option "
From India, Delhi
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Anonymous
5

In this case, the only way an employee can opt out of PF would be when he resigns from the organisation and then withdraw and close the active UAN. Till then he would have to be in pf.
From India, Mumbai
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