PF money should not be withdrawn immediately after changing jobs, know it will be in benefit

In the changed environment of private sector, people are changing jobs very fast to get promotions. It is damaging to replace all the money with PF from the former company with changing jobs. With the withdrawal of PF, you lose your future savings. With this withdrawal the integrity of the pension scheme is also eliminated. According to experts, it is not a sensible task to drop a PF immediately if the employee leaves the job or is fired for some reason.

You should not withdraw the amount of PF as long as you do not need to pay interest on PF after leaving the job. If you leave an old job and get a new job, it can be transferred to a new company. If you want to do another job after leaving a job and then transfer all the PF's money to a new job, it will maintain its integrity. There will be no problem in pension plans.yo do not withdraw PF even after retirement, then you will get interest for three years. Three years later it is considered an inactive account. According to Bhatia, the amount of PF is collected by most people as a secure future and investment is also a good option because of tax free. Therefore, it is advisable to continue PF accounts for a longer time.

If you have to withdraw this money for some reason then it is necessary to have Kevci. If a person remains unemployed for two months, then the full amount of PF can be withdrawn, 75% can be withdrawn after one month of leaving the job. All the pensions can be withdrawn if there is less than ten years of service. Generally all the amount of PF is taken up on retirement after the age of 58.

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