Correct process to suggest on withdrawing PF after employee resignation?

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Hi,

What is the right process to suggest on withdrawing PF after employee resignation?

Please advise

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There is generally a 2 month waiting period after resignation after which employee can opt to withdraw your PF money. In the case of not taking the next job in India, he can withdraw the EPF account balance after immediately resignation.

  • Transferring PF with the new employer can help you avoid tax on its interest
  • Merging all your PF accounts with every new job change is an ideal way of ensuring enough fund in your post retirement fund

if you are in need of money and not joining a job in India, you may withdraw your PF account balance after resignation. You would do well to take note of the following points

  • If you plan to go abroad and do not wish to return any time soon, you can apply for the immediate withdrawal of your PF balance
  • If you are employed in a foreign country, you can apply for withdrawal of your provident fund account after resignation. Read more here…
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