Curious About PF Withdrawal? Understanding Lock-in Periods and Best Practices

Hi all,

I have a query regarding my PF account. I have been working in an organization for the past three years, and by my last day in the organization, I will have completed exactly three years.

For the first year, my contribution to PF was ₹750, and the employer's contribution was also ₹750. Over the past two years, my contribution to PF has been ₹1200, with the employer's contribution remaining the same.

My question is: Is there a locking period, similar to ULIPs, for withdrawing the entire PF amount to our bank account? How much can I expect to receive when I withdraw my PF amount? What is the procedure for withdrawing the PF amount?

In the long run, what is the best approach: transferring the PF to the organization we are joining or withdrawing the PF amount?

- Lokesh

Hey, my suggestion to you is never withdraw your PF amount. Simply transfer your amount as and when you join the new organization. It will help you in the future. That amount is being accumulated, and lastly, you will get the lump sum amount.