Gatraj,
It's advisable to transfer your pf emoluments than withdrawing it. Your PF accumulation earns a healthy interest annually and is tax free subjected to certain conditions. Over a period of time, you also become entitled for regular pension, if your contribution period is/exceeds 9 yrs & 6 months. If you retire, or wait till you attain the age of 58 yrs (after you become entitled to pension), you stand to get full pension for the rest of your life. Not to mention the benefits that your dependents will get in terms of pension, if something happens to you. So, it's always advisable to transfer your PF account.
However, if you desperately require this money, then you can withdraw it.
Regards, A.B.