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Ramalingam

Ramalingam Kalirajan  |7758 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 26, 2024

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
ASHOK Question by ASHOK on Jan 10, 2024Hindi
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Money

how to get old PF account sum up and accumulate balance thereof.

Ans: Accessing Your Old EPF Account - It's Easy!
Thinking about accessing your old EPF account? Great! Here's a breakdown of the process:

Eligibility to Withdraw:

You can withdraw your EPF corpus (total accumulated amount) if:
You're unemployed for two months or more.
You've reached retirement age (58 years).
You're migrating permanently out of India.
There are other specific situations (check EPFO website for details).
Simple Steps to Withdraw:

Activate your Universal Account Number (UAN): If you haven't already, activate your UAN on the EPFO website (https://unifiedportal-mem.epfindia.gov.in/).

Login to Member e-SEWA: Once your UAN is active, log in to the Member e-SEWA portal using your UAN and password.

Click on "Claim (Form-31)": This section guides you through the online claim process.

Enter details and submit: Fill in the required details like your bank account information and reason for withdrawal. Submit the claim form electronically.

Track your claim: You can track the status of your claim online on the EPFO website.

Important Note:

If you haven't updated your KYC (Know Your Customer) details, you might need to submit physical documents to your previous employer.
Thinking about using your EPF corpus?

Consider if there are other options to meet your financial needs.
Withdrawing your EPF reduces your retirement savings.
Talk to a Certified Financial Planner (CFP):

They can help you assess your situation and make informed decisions about using your EPF corpus.

Remember:

The EPFO website offers clear instructions and FAQs to help you navigate the withdrawal process.

I hope this helps!

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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I have completed my msc in biochemistry n now doing internship but I am confusing about my future because I see this field don't pay me inuff for life even for future... N don't have more jobs in Maharashtra. I don't like production jobs but in Pharma only production pay much so what can I do .. Can u suggest me which job is high payable after Msc biochemistry
Ans: Hi Nandu,

Greetings!

Could you please let me know which year you completed your course and whether you are currently doing an internship or apprenticeship? An internship is part of the curriculum, where students gain practical training, sometimes with a stipend and sometimes without. After completing your course, you can opt for an apprenticeship, which typically lasts one to one and a half years and includes a stipend, usually split 50%-50% between the industry and government.

If you are in the internship phase, please inform me about the specific field you are working in. Initially, you may not expect a high salary, but after gaining expertise in your field, your compensation will improve. Typically, this takes about three years, so it’s important to focus on skill acquisition for a better future.

If your internship aligns with your field of study, I encourage you to continue and consider starting a medical lab or exploring opportunities in medical devices related to biochemistry. However, pursuing a career in pharmaceutical production may not be suitable for you, as it is a different field, and you may find it challenging to grasp the processes involved since you are currently inexperienced in that area.

Please share the specific field of your internship, and I would be happy to provide more tailored advice.
with regards

Poocho. Life Change Karo!

...Read more

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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