Navigating PF Withdrawal or Transfer: How Can My Friend Best Handle His Career Hurdles?

Dear all, I am seeking your assistance regarding a friend's PF withdrawal. This friend has experienced numerous ups and downs in his career. Below are the details of his various job experiences:

1. Company Type: LTD. Co.
- DOJ: September 2006
- LWD: May 2008
- Reason for Leaving: Absconding (Company did not provide a relieving letter, received a better offer. Only resignation acceptance copy is available.)
- PF account details and accumulated amount: PF account in Hyderabad with head office in Hyderabad, Rs. 8,956.00

Question: What would be the better option, transfer or withdrawal? Also, what is the procedure for transfer or withdrawal?

2. Company Type: Pvt. LTD. Co.
- DOJ: May 2008
- LWD: January 2009
- Reason for Leaving: Unable to serve notice period due to health issues, company treated resignation as absconding
- PF account details and accumulated amount: PF account in Kolkata with head office in Kolkata, Rs. 6,240.00

Question: What would be the better option, transfer or withdrawal? Also, what is the procedure for transfer or withdrawal?

3. Company Type: Pvt. LTD. Co.
- DOJ: January 2010
- LWD: May 2010
- Reason for Leaving: Proper resignation and relieving process completed
- PF account details and accumulated amount: PF account in Bangalore, Rs. 4,992.00

Question: What would be the better option, transfer or withdrawal? Also, what is the procedure for transfer or withdrawal?

4. Company Type: Pvt. LTD. Co.
- DOJ: June 2010
- LWD: Till Date
- PF account details and accumulated amount: PF account in Mumbai

Please advise on how the PF amounts can be settled. If he chooses to withdraw, what is the procedure? Also, kindly suggest whether withdrawal or transfer would be more beneficial. Currently, he is working in Bangalore.

Thank you.
Regards

Dear Joy, your friend has worked for less than 6 months in one organization. Due to this, he will not be eligible for withdrawal benefits from the Employees' Pension Scheme. Therefore, in my opinion, it is advisable to apply for a transfer so that all his PF accumulations and EPS contributions can be consolidated. Afterwards, you can plan freely.

Regards,
Abbas.P.S