Hi,
30days,45 days,90days.. haaaa quiet ashamed to say our government is most incompetent in settling these PF withdrawal or transfer, they jusst sit on our money, and mind well PF is one of the most richest department in govt of India.
Not surprised in todays scenario PF is what we plan for our old age or for any other emergency,or house or marriage loan, today, we need to plan that if you are young better transfer your it and reserve it although its take time but it will.
We Indian are known for keeping our patience and that's the reason we crib...and suffer, the system itself is made so tough or long that moving papers takes almost 30days from moving from one table another..
From India, Mumbai
1130days,45 days,90days.. haaaa quiet ashamed to say our government is most incompetent in settling these PF withdrawal or transfer, they jusst sit on our money, and mind well PF is one of the most richest department in govt of India.
Not surprised in todays scenario PF is what we plan for our old age or for any other emergency,or house or marriage loan, today, we need to plan that if you are young better transfer your it and reserve it although its take time but it will.
We Indian are known for keeping our patience and that's the reason we crib...and suffer, the system itself is made so tough or long that moving papers takes almost 30days from moving from one table another..
From India, Mumbai
PF transfer is good for long term savings requirements. Once PF amount withdrawn, it is the human tendency to spend it what so ever you have in hand. My suggestion is to transfer the amount. It may take time, say about 2 months for transfer but your money will get transferred anyway, unless you are in need of it urgently.
Regards.
From India, New Delhi
Regards.
From India, New Delhi
Better u sud transfer ur pf, dont forget to collect all documents.
If you transfer u will continue getting same interest. If u withdraw , then u have to open new account and interest will be less.
There is no harm in transfering, so y to withdraw. Any time in future you wish fill form and withdraw. So y now.
From India, Hyderabad
If you transfer u will continue getting same interest. If u withdraw , then u have to open new account and interest will be less.
There is no harm in transfering, so y to withdraw. Any time in future you wish fill form and withdraw. So y now.
From India, Hyderabad
Hi
If the company changed is in the state where you used to work earlier, then u can transfer the PF to new company. Transfer prevents you from forgoing long term benefits.
I prefer to transfer the fund rather than withdrawing.
Correct me if I am wrong.
Regards
Vamsi
From India, Hyderabad
If the company changed is in the state where you used to work earlier, then u can transfer the PF to new company. Transfer prevents you from forgoing long term benefits.
I prefer to transfer the fund rather than withdrawing.
Correct me if I am wrong.
Regards
Vamsi
From India, Hyderabad
Hi,
PF transfer is better option then PF withdrawal. Earlier I have also repeated the same when I had changed my previous organization. But before that I had withdrawn the PF amount because that time I was not aware about the PF transfer procedure.
Presently I believe and would like to suggest everyone that PF transfer option is better and beneficial then PF withdrawal.
Regards,
Bimlesh K. Bibhakar
From India
PF transfer is better option then PF withdrawal. Earlier I have also repeated the same when I had changed my previous organization. But before that I had withdrawn the PF amount because that time I was not aware about the PF transfer procedure.
Presently I believe and would like to suggest everyone that PF transfer option is better and beneficial then PF withdrawal.
Regards,
Bimlesh K. Bibhakar
From India
Dear All, While PF transfer happens almost smoothly, what about SAP (Super Annuation Fund)? Can any one shed some light on this? How do we transfer/withdraw the same? Cheers Raj
Dear Anuj,
It is better to get your old PF Account transferred. The membership period is important than the amount accumulated in the PF Account of 2 years. Continuity in any where is important. You can very easily break it. You will be benefited at the time of pension calculations.
Thanks and Regards / SP Maheshwari
From India, Varanasi
It is better to get your old PF Account transferred. The membership period is important than the amount accumulated in the PF Account of 2 years. Continuity in any where is important. You can very easily break it. You will be benefited at the time of pension calculations.
Thanks and Regards / SP Maheshwari
From India, Varanasi
My Dear Friend
As per my knowledge PF Withdrawal are right choice because PF Transfer is big procedure as per PF Office Work. If you Transfer this and if you complete 10 years for PF membership, then Pension Amount will (PF Office) give you after you 58 years of age. So PF Withdrawal is right choice.
Thanking you,
From India, Pune
As per my knowledge PF Withdrawal are right choice because PF Transfer is big procedure as per PF Office Work. If you Transfer this and if you complete 10 years for PF membership, then Pension Amount will (PF Office) give you after you 58 years of age. So PF Withdrawal is right choice.
Thanking you,
From India, Pune
What is the case in following scenario:
I work in Co. A for 1yr. Here my PF account is DLxxxxx
Next three yrs. I work for Co. B where there is no PF deduction.
Then I start working with Co. C where PF account is MHxxxxx
In such scenario can I stream my PF to my 1st PF account from Co. A? Will the account be yet active.
From India, Mumbai
I work in Co. A for 1yr. Here my PF account is DLxxxxx
Next three yrs. I work for Co. B where there is no PF deduction.
Then I start working with Co. C where PF account is MHxxxxx
In such scenario can I stream my PF to my 1st PF account from Co. A? Will the account be yet active.
From India, Mumbai
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.
HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls