PF Transfer Or Withdraw

Hi,
As per my knowlegde pf transfer is best option. State to state it will consuming of months, but any how you will be receiving it. Think for the pension scheme.
or
Withdrwl the pf amount.
*if you join another company you may get new pf Ac/no. But after 2/3 year in case of any loan or personal reason required amount u may not have facility of drawing amount. Becoz u need to completed service for 5 yrs or 10 yrs. (Not sure of years.)
visit once website www.epfindia.com
Regards,
Chandra Sekhar

Dear Fren,
If the amount is small it is better to withdraw. Transfer of fund is a great challange if it is not between Trust to Trust or atleast Trust to RPFC.
However, you may note that PF withdrawal for less than five year of service may be subjected to Income Tax.
Regards

Dear Kunal,
The very necessity and aim of formulating Employees Provident Fund and Family Pension enactment is basically to provide future financial assistance to a working mass, and to secure and provide for ones' future needs in times of difficulty. Although now a days employers are arranging pay packages in such a fashion to keep the BASIC + DA at the minimum, one should consider the FP pension aspect which a member gets based on his/her continuous service.
Now considering the fact that the union labour ministry is studying FP pension fourmulation and is likely to be elavated in near future, in my opinion one should not withdraw pf accumulations prematurely UNLESS it is financially necessary for an incumbent. Besides this, PF and FP accumulations are out of the preview of any attachments and IT deductions in normal course.
regards,
Arun Dixit