This discussion addresses whether to withdraw an Employee Provident Fund (EPF) amount after losing a job due to COVID-19 and subsequently taking temporary work. The expert advice suggests keeping the EPF amount in the account, as it can be utilised when joining a new job. This approach is generally recommended over immediate withdrawal.
01 June 2021
Respected experts, I have EPF A/C which was started in the year 2018. And my employer deposited epf amount in EPF A/C in the March 2020 last time as lost the job due to COVID-19. After that i am doing temporary job . Kindly let me know should i withdraw such amount or keep it like that ? Thanks in advance.