PF Withdrawal Online: PF or Provident Fund is one of the most famous retirement-oriented investment tools among salaried individuals in India. According to tax and investment experts, one should think of PF withdrawal only when there is no other way out to meet the financial requirement. They are of the opinion that PF withdrawal jeopardises one’s retirement fund and one’s financial post-retirement gets compromised. The Provident Fund account holder also loses some benefits like pension benefits post-retirement and compounding benefits on one’s PF balance and PF interest earned. So, ideally, unless it is an emergency, PF withdrawal by subscribers should not be done.
Highlighting the flaws involved in PF withdrawal CS Sudheer, CEO & Founder of IndianMoney.com said, “One of the biggest benefits of not withdrawing PF when quitting your job is you continue to earn high interest. EPF currently offers over 8.65 per cent interest, which is the highest among most conservative investments….