Hi all, I left the job a month ago. I would like to redeem my PF balance. Could you guys please advise me on the process? When and where can I start? How much time will it take?
I suggest that instead of withdrawing your PF balance, you transfer it to your new employer, as it is always a better option. After all, it is your money. However, if you withdraw before completing 5 years, the amount will be liable to tax.
Regards,
Pranab Chakraborty
[Phone Number Removed For Privacy Reasons]
A person can only withdraw PF when they are without a job at the time of applying for PF withdrawal, and 2 months have passed. In fact, it is clearly mentioned in the PF withdrawal form, i.e., Form 19 as well.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute