Hi HR's,
Please advice whether it is better to transfer PF or to withdraw? What are the all positives and negatives for both. I am currently in TN and moving to Karnataka for the next job.
Regards,
Ravi
From Japan, Tokyo
Please advice whether it is better to transfer PF or to withdraw? What are the all positives and negatives for both. I am currently in TN and moving to Karnataka for the next job.
Regards,
Ravi
From Japan, Tokyo
35
Please get transfer the PF accumulations from your previous employer's account.
Benefits:1. You wll have funds for your future (defenitely a savings without our knowlede)
2.Pension availability in your old age - which is defenitely an indirect investment.
3.you are in the benefit side to draw in your needy time in the form of Advances under sec.68 - which needs years of service and fund.
Disadvantage:
1. It will not be available fully at the time of your requirement - if your present requirement is important
ADVISED TO TRANSFER BY FORM 13 BY HAVING A COPY WITH YOU.
Thanks
P.RAMACHANDRAN
From India, Madras
Benefits:1. You wll have funds for your future (defenitely a savings without our knowlede)
2.Pension availability in your old age - which is defenitely an indirect investment.
3.you are in the benefit side to draw in your needy time in the form of Advances under sec.68 - which needs years of service and fund.
Disadvantage:
1. It will not be available fully at the time of your requirement - if your present requirement is important
ADVISED TO TRANSFER BY FORM 13 BY HAVING A COPY WITH YOU.
Thanks
P.RAMACHANDRAN
From India, Madras
Hai,
Don't withdraw your PF amount.
Please transfer your PF amount through form 16 to your new comp.
Time vaule of money is important.
In future this PF amount is more useful to U.
U will get Employer's contribution towards PF and interest depends on time/period.
WISH U ALL SUCCESS.
Thanks,
GopalaKrishna Murthy B.
From India, Hyderabad
Don't withdraw your PF amount.
Please transfer your PF amount through form 16 to your new comp.
Time vaule of money is important.
In future this PF amount is more useful to U.
U will get Employer's contribution towards PF and interest depends on time/period.
WISH U ALL SUCCESS.
Thanks,
GopalaKrishna Murthy B.
From India, Hyderabad
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF Online Transfer.pdf
Steps to transfer PF amount.jpg