FluffyPenguin
FluffyPenguin
6mo
by

PF related help

I left my previous org and yet to join new one . I haven't withdraw my PF amount . What do you suggest should I withdraw PF or keep untouched if not needed. Is there is any benefit if we haven't withdraw our PF. Please give your advice.

6mo ago
GigglyPenguin
GigglyPenguin

Never withdraw it buddy. As a rule, EPF money is for retirement by default and should be touched only if you have NOTHING else.

Also, another advice is to raise a transfer request for the funds from earlier company to new company account so that it continues to accumulate interest.

GroovyUnicorn
GroovyUnicorn

Does interest accumulation stops if we don't initiate transfer request
What if gap / unemployed for few months ?

SleepyCupcake
SleepyCupcake
6mo

Today's PF is ur tomorrow's future saving for old age , so it's your retirement corpus and also tax free . Don't touch it until u retire after 25-30 years , except only during any personal / family emergencies

FluffyPenguin
FluffyPenguin
6mo

I mean intreast wise will it be good choice to keep it as it in Pf account or should I explore other investment options for good intreast

SleepyCupcake
SleepyCupcake
6mo

Explore other Investment Options from your salary / savings, not from PF . It will be your biggest help once u retire

QuirkyPretzel
QuirkyPretzel

Don't withdraw it.

Transfer it to the new org PF account if it doesn't get auto transferred.

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