Whether To Transfer Or Withdraw PF When Quitting?

Hi HR's,
Please advice whether it is better to transfer PF or to withdraw? What are the all positives and negatives for both. I am currently in TN and moving to Karnataka for the next job.
Regards,
Ravi

Hi
As PF is a long term benefit , so u should not withdraw the amount, rather by filling FORM 13 , u can transfer the amount, to your current account.
katyana

Hi,
Its better to tranfer PF to another company and get it accumulated for 5 years.After 5 years,you can withdraw your PF so that there will will be no tax deduction on it.

Please get transfer the PF accumulations from your previous employer's account.
Benefits:1. You wll have funds for your future (defenitely a savings without our knowlede)
2.Pension availability in your old age - which is defenitely an indirect investment.
3.you are in the benefit side to draw in your needy time in the form of Advances under sec.68 - which needs years of service and fund.
Disadvantage:
1. It will not be available fully at the time of your requirement - if your present requirement is important
ADVISED TO TRANSFER BY FORM 13 BY HAVING A COPY WITH YOU.
Thanks
P.RAMACHANDRAN

Hai,
Don't withdraw your PF amount.
Please transfer your PF amount through form 16 to your new comp.
Time vaule of money is important.
In future this PF amount is more useful to U.
U will get Employer's contribution towards PF and interest depends on time/period.
WISH U ALL SUCCESS.
Thanks,
GopalaKrishna Murthy B.