Reasons why you should Widraw your EPF Amount After Retirement

The old Provident Fund has now grown very old, 67 years old, to be precise. Times have changed now. The needs of the workforce today are different from what used to be then. Today, the youth is not running after stability but risks.

To such a working professional, the EPF is not very suitable. When they have to take a break from their current job through which they have subscribed in the EPF, problems start to begin.
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The EPF interest becomes taxable. When this unemployment is prolonged, it even stops drawing interest. As such, the amount loses value due to inflation each year.

The EPF also does not give the freedom of decision of investment to the employee. On top of that, a tiny share of the EPF amount is invested in equity, that too by ETFs. Therefore, it does not create room for good returns.

Thus, once you unsubscribe in the EPF, you should withdraw all your money from the EPF as soon as possible.


Comments

  1. UnicoloJuly 10, 2019 at 7:27 AM

    it is very useful.
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    Thanks for sharing a good blog
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    ReplyDelete
  2. Harvey SpecterAugust 3, 2022 at 5:21 AM

    Employee Provident Fund Organization of India allows employers and employees to contribute to the Employee Provident Fund through permanent accounts known as UANs. To estimate your contribution, use the Employee Provident Fund calculator.
    Learn about EPF Calculator here!

    ReplyDelete

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