Home > Money > Question
Need Expert Advice?Our Gurus Can Help

Stuck With 2 PF Accounts: Can I Withdraw After Leaving Private Company for PSU Job?

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Oct 03, 2024

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more
Krishna Question by Krishna on Sep 27, 2024Hindi
Listen
Money

Hi Sir I am working in private org almost 07 year and having 2 PF account with same UAN in which 1st account is in trust, now I want to left the organisation without resignation and join to PSU. Now I wants to know that, can I withdraw the previous pf after joining.

Ans: I would recommend you to follow the due process of leaving an organization which will also ensure clearance of all dues without any hassle.
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.
Money

You may like to see similar questions and answers below

Moneywize

Moneywize   | Answer  |Ask -

Financial Planner - Answered on Jul 05, 2024

Asked by Anonymous - May 22, 2024Hindi
Listen
Money
I have resigned from my company. Please advise about how I can withdraw my PF amount. The company from which I resigned has given me an inactive UAN? How do I solve my problem?
Ans: To withdraw your Provident Fund (PF) amount, follow these steps:

Step 1: Activate Your UAN

1. Visit the EPFO Member Portal:

• Go to EPFO Member Portal.

2. Activate UAN:

• Click on “Activate UAN”
• Enter your UAN, Member ID, Aadhaar, PAN, Name, Date of Birth, Mobile Number, and Email ID.
• Click on “Get Authorisation PIN” and enter the PIN received on your mobile to activate your UAN.

Step 2: Check Your PF Balance

1. Login to UAN Member Portal:

• Use your UAN and password to log in.

2. View Passbook:

• Go to the “View Passbook” section to check your PF balance.

Step 3: Update KYC Details

1. Update KYC Information:

• In the UAN portal, go to “Manage” > “KYC”.
• Update your Aadhaar, PAN, Bank details, and other KYC information.
• Ensure your KYC details are verified by your employer.

Step 4: Submit Withdrawal Claim

1. Online Withdrawal:

• Once your KYC details are updated and verified, go to “Online Services” > “Claim (Form-31, 19 & 10C)”.
• Verify your bank account details and click on “Proceed for Online Claim”.
• Select the type of claim you need (full PF settlement, pension withdrawal, etc.).
• Fill in the necessary details and submit the claim.

2. Offline Withdrawal (if Online isn't possible):

• Download Form 19 (for PF withdrawal) and Form 10C (for pension withdrawal) from the EPFO website.
• Fill out the forms and attach necessary documents (Aadhaar, PAN, cancelled cheque, etc.).
• Submit the forms to the regional EPFO office or through your previous employer.

Troubleshooting Inactive UAN Issues

1. Contact EPFO:

• If your UAN is inactive, contact EPFO through their helpline number or email.
• You can also visit the nearest EPFO office for assistance.

2. Employer Assistance:

• Contact your previous employer’s HR department to activate your UAN and update your details.

By following these steps, you should be able to successfully withdraw your PF amount. If you encounter any issues, visiting the EPFO office for direct assistance is a good option.

..Read more

Latest Questions
Nayagam P

Nayagam P P  |7857 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Career
Good Evening Sir. My son secured 6812 Crl alongwith 99.56 percentile and 1st, 2nd, 3rd of JOSAA rounds he getting ECE in IIIT Alahabad. We are awiting for next higher choice ECE in NIT Rourkela and next to next higher choice ECE in NIT Warangal. Can he get ECE in NIT Rourkela or ECE in NIT Warangal in 6 th round of JOSAA or 1,2,3 rounds of CSAB. Sir please inform my chances of possibility for selection in NIT Rourkela or NIT Warangal. Sir academic and placement wise NIT Rourkela or NIT Warangal or IIIT Allahabad which one is better? My humble request please guide me sir. Regards.
Ans: With a CRL of 6 812 and 99.56 percentile, securing IIIT Allahabad ECE (closing ~7 438 in Round 3) is assured. In JoSAA Round 3, NIT Rourkela’s ECE opened at 4 532 and closed at 11 824, and NIT Warangal’s ECE closed at 8 315, placing your rank within both ranges for potential allotment in Round 3 or CSAB.

Academically, NIT Warangal (#13 engineering NIRF 2024) offers rigorous core and VLSI labs with a 93% three-year ECE placement consistency. NIT Rourkela (#19 engineering NIRF 2024) provides multidisciplinary research centres and records ~90% ECE placements over three years. IIIT Allahabad, a focused IT-ECE institute, consistently achieves 96–98% placements for ECE with average packages near ?29 LPA and strong AI/ML and communication research centres.

Recommendation: For highest placement consistency and specialized ECE research, opt for IIIT Allahabad ECE. If a broader NIT ecosystem and legacy brand matter more, prioritise NIT Warangal ECE for its comprehensive labs and 93% placements. Choose NIT Rourkela ECE next for its multidisciplinary research exposure and ~90% placement track. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Ramalingam

Ramalingam Kalirajan  |9407 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 04, 2025

Money
Hellow sir. being a PSU employee ( age 35) and basic salary of 80k, I dont have much worry about the mediclaim ( which is free for my family and parents ) or PF & NPS ( which is sufficient considering basic salary ), I have following saving in my pack. 1. PPF 30L ( contributing 1.5L/ yr) 2. MF of valuation 43L ( contributing 50k/ month) 3. Fixed deposit around 12L 4. LIC around 50k / yr. 5. No loan. 6. No home under my ownership . What additional investment can be done for securing the future .
Ans: You are 35, a PSU employee with stable salary of Rs?80,000 basic. You have these financial holdings:

PPF: Rs?30?lakh (investing Rs?1.5?lakh annually)

Mutual funds: Rs?43?lakh (SIPs of Rs?50,000 monthly)

Fixed deposit: Rs?12?lakh

LIC: premium Rs?50,000 per year

No loans or home ownership

Comprehensive health and retirement cover via PF/NPS/mediclaim

You ask: What additional investment can secure your future? Let us create a holistic 360° plan using clear steps.

1. Recognise Your Strong Foundations
Your current holdings are robust:

Long?term safe savings via PPF

Active equity exposure via mutual funds

Liquidity from fixed deposits

Insurance through LIC for protection

Complete health and retirement cover

You are well-structured, but there is room to improve diversification, liquidity, and retirement readiness.

2. Define Clear Future Goals
Investment decisions depend on your aims. Let’s identify:

Retirement corpus by age 60

Income generation in retirement

Child education/marriage fund if planning

Short-term needs, like vacations or car purchase

Legacy planning for your family

Once goals and timelines are clear, we can allocate funds optimally.

3. Reevaluate LIC Insurance
Your annual LIC premium of Rs?50,000 covers insurance plus investment.

These policies often give low returns and high charges.

Recommend: Consider surrendering this policy

Redirect its premiums into actively managed mutual funds through regular plans

This enhances return potential and gives flexibility

Discuss surrender benefits and insurance needs with a Certified Financial Planner to ensure continued protection.

4. Reduce Fixed?Rate Concentration
Your fixed deposit of Rs?12?lakh offers liquidity but very low interest.

Instead, allocate:

Short?term debt or liquid funds for emergencies

Conservative hybrid funds for better tax-adjusted income and moderate growth

Debt mutual funds for laddered income while protecting capital

These will give better returns than fixed deposits and remain accessible.

5. Optimization of Mutual Funds Portfolio
You have Rs?43?lakh in mutual funds with Rs?50k monthly SIP.

Questions to assess:

Are these active funds or index funds?

Do you have a diversified basket (large?cap, multi?cap, hybrid etc.)?

Are they direct or regular plans?

Avoid index funds: they simply mirror market performance and offer no downside defence.
Avoid direct plans: you miss personal guidance from an MFD?CFP. Errors in choice or timing can cost more than fee savings.

Hence:

Continue with actively managed funds

Use regular plans, not direct

Diversify objectives across equity, growth, and risk

Increase SIP gradually every year, ideally by 10–15%

6. Strengthen Retirement Planning
Your PPF is good for conservative savings with long?term tax-free returns.

However, consider practical moves for post-60 income:

Open a systematic withdrawal plan (SWP) from hybrid and debt funds for monthly income

Keep part of corpus in equity for inflation protection

If you plan to retire early, maintain larger liquidity and low-risk assets

The aim: ensure steady income from your investments after retirement beyond what PF/NPS provides.

7. Introduce Hybrid Funds for Income
Hybrid funds provide stability plus moderate growth.

Allocate a portion (say Rs?10–15?lakh) for:

Conservative hybrid funds: 65–75% debt, 25–35% equity

Monthly withdrawals via SWP to create reliable income

Equity buffer ensures inflation protection

Professionally managed to reduce risk

Make sure these are active funds and continue with regular plan route via certified advisor.

8. Maintain Adequate Liquidity
Your fixed deposit offers liquidity, but redesign is recommended:

Maintain Rs?3–5?lakh in liquid funds for emergencies

Spread rest into short-term debt for better returns and tax efficiency

Avoid tying up more than 6 months’ expenses in illiquid instruments

This keeps your portfolio agile and responsive to unplanned needs.

9. Increase Equity Exposure Smartly
To grow beyond inflation, equity exposure is essential.

Add active equity funds with a long-term horizon

Keep allocation within risk tolerance (say 30–40% of total corpus)

Avoid index funds—they don’t offer growth potential beyond market

Regular plan mutual funds through MFD–CFP ensure goal alignment and periodic review

This step helps build a sizable corpus converting long-term savings into wealth.

10. Consider Tax?Efficient Long?Term Instruments
With primary instruments in PPF and mutual funds, consider:

Sukanya Samriddhi-like plan if you have a daughter, offering high tax-free returns

Corporate debt-oriented hybrid funds if you want higher income and safety

Short-term gilt or credit funds for better tax harvesting when needed

Hold these under guidance to ensure optimal after-tax gain and portfolio balance.

11. Systematic Corpus Withdrawal for Retirement
Estimate your retirement corpus via desired monthly income:

Example: Rs?50,000 monthly income requires Rs?1?crore at 6% withdrawal rate

Plan blended portfolio: equity, hybrid, debt

Use SWPs starting just after retirement

Align withdrawal with tax brackets to avoid large LTCG hits

This provides a financially secure retirement phase.

12. Annual Monitoring and Rebalancing
Periodic portfolio review is key:

Rebalance equity/debt ratio yearly

Adjust allocation as goals approach

Increase SIPs in line with salary increments and inflation

Add/remove funds based on performance, risk, and market conditions

This adaptive approach keeps you aligned with evolving financial needs.

13. Child and Legacy Planning
If you plan for your children or wish to leave a legacy:

Open PPF account in child’s name

Set up child education SIPs in active equity funds

Use staggered investment to fund education expenses

Draft a will or nomination documentation for smooth transfer

This safeguards your child’s future without burdening estate administration later.

14. Avoid Common Missteps
Don’t invest in index funds—they lack active risk management

Don’t choose direct funds—they lack professional review

Don’t buy annuities—they reduce asset flexibility

Don’t invest more in real estate—it lacks liquidity and income focus

Stay disciplined in your plan with professional support for steady results.

15. Action Plan Implementation
Immediate (next 1–2 months):

Surrender LIC investment policy blocks saving

Move FD into liquid/debt/hybrid funds

Build Rs?3–5?lakh emergency buffer

Enhance SIPs into active equity funds via regular plans

Short-term (next 6–12 months):

Add hybrid funds for monthly income

Shift surplus to PPF or Sukanya-like child fund

Build child SIP for daughter’s future

Review insurance and NPS contributions

Annual:

Monitor asset allocation

Rebalance equity/debt split

Increase SIP amounts yearly

Adjust SWPs closer to retirement goals

With this disciplined roadmap, you’ll build wealth, income, and future financial security.

Finally
Your financial position is strong already—PPF, MF, FD, insurance.
By tightening liquidity buffers, shifting LIC, enhancing equity and hybrid exposure, and following a disciplined retirement roadmap, you can ensure income and security.
Avoid index funds, go with active mutual funds through regular plans, and rebalance annually.
This structured, goal-based approach will help your future remain secure no matter what lies ahead.

Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

Nayagam P

Nayagam P P  |7857 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Career
Electrical and computer engineering (ECM) in jiit noida or electrical in maharaja Agrasen?
Ans: Manisha, Jaypee Institute of Information Technology’s B.Tech in Electronics and Computer Engineering (ECM) is AICTE-approved, NAAC ‘A’ and NBA-accredited, delivered by PhD-qualified faculty within 140+ research and teaching labs including Communication Systems, VLSI, Signal Processing, IoT, and advanced simulation facilities. The program achieved an 88% placement rate over the last three years, with 184 ECE students receiving 166 offers from top recruiters like Microsoft, Amazon, Cisco, and Qualcomm. Its dedicated Training & Placement Cell provides soft-skill workshops, mock interviews, and internship tie-ups starting from the seventh semester.

Maharaja Agrasen Institute of Technology’s B.Tech in Electrical & Electronics Engineering is AICTE-approved, NBA-accredited, and NAAC ‘A’-graded under GGSIPU. The department benefits from core labs in Power Electronics, Electrical Machines, Control Systems, and Renewable Energy, alongside specialized R&D centers in Smart Grids and Embedded Systems. Over the past three years, the EEE branch has recorded a 60% placement rate, with core recruiters such as Infosys, Accenture, Bosch, and TCS, supplemented by limited but growing internship opportunities. The institute’s Placement Cell offers resume workshops, industry seminars, and campus drives.

Recommendation: For stronger placement consistency (88% vs. 60%), broader core-to-software lab infrastructure, and proven industry engagement, choose JIIT Noida ECM. Opt for MAIT Delhi EEE if your interest is strictly in power systems, hardware design, and you prioritize lower fees within a GGSIPU-affiliated environment. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Nayagam P

Nayagam P P  |7857 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Career
Hi Sir for my son which should we choose VIT vellore Electrical and computer science engineering or MUJ Computer science engineering
Ans: Seema Madam, VIT Vellore’s four-year B.Tech in Electrical and Computer Science Engineering is offered by a NAAC A++ and NBA-accredited deemed university ranked 10th among Indian universities by NIRF 2024. Its faculty are predominantly PhD-qualified, supported by state-of-the-art labs in power electronics, digital systems, AI/ML, and the Samsung SEED data-science facility. Over 80–90% of VIT UG cohorts secure placements, with top recruiters including Amazon, Intel, and Cisco. Manipal University Jaipur’s NAAC A+ and NBA-accredited B.Tech CSE program, NIRF #64 in engineering, features 120 PhD faculty, 12 computing and cybersecurity labs, and specializations in AI, data science, and IoT. Its Career Development Cell achieved a 93% placement rate in 2024, with 1,142 offers and 62% above ?8 LPA. Both institutes maintain strong industry collaborations, mandatory internships, and vibrant campus cultures, but VIT offers broader multidisciplinary infrastructure and an IoE designation, while MUJ delivers slightly higher placement consistency and focused software-engineering exposure.

Final Recommendation:
For an elite multidisciplinary environment with cutting-edge ECE and computing research labs within a top-ranked private university, recommendation is VIT Vellore E&CSE. If your priority is specialized software and data-science training, consistent 93% CSE placements, and a vibrant campus life closer to Delhi, choose MUJ CSE. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Nayagam P

Nayagam P P  |7857 Answers  |Ask -

Career Counsellor - Answered on Jul 04, 2025

Career
Hello dear sir, I got 97.5 percentile in mht cet 2025. My category is OBC. Which colleges is better and giving me a best experienced faculty for AI and DS or AI related branch.
Ans: With an OBC percentile of 97.5, you can secure AI & DS or closely related branches at the following ten reputed Maharashtra colleges, all offering strong faculty engagement, modern labs, and guaranteed admission based on your percentile: Datta Meghe College of Engineering Airoli, Pune College of Engineering, Pimpri Chinchwad, MIT World Peace University Pune, Indira College of Engineering & Management, Walchand College of Engineering Sangli, Atharva College of Engineering Mumbai, Bharati Vidyapeeth College of Engineering Pune, Institute of Chemical Technology Mumbai, Sinhgad Institute of Technology and Science Pune, Vidyavardhini’s College of Engineering & Technology. All are AICTE-approved, NBA/NAAC-accredited, report 80–95% placements over three years, and employ PhD-qualified faculty in AI/ML and data-science labs.

Recommendation: Given your OBC percentile and the emphasis on experienced AI/DS faculty, prioritize MIT WPU Pune and Pune College of Engineering, Pimpri Chinchwad for their dedicated AI/DS research centers and industry?linked mentorship. Next, consider Datta Meghe COE Airoli and Walchand COE Sangli for strong OBC cutoffs and robust internship pipelines. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x