I don't think that it is one of the best option. As the procedures for withdrawl are very cumbersome and probably govt. is not going to keep EPF funds with itself for long. It also might be handed over to some Corporate for management and then no body shall take the liability of paying the amount to its subscribers.
RE:EPF an option of investment
by Saswati Sinha on Jun 25, 2007 11:52 AM Permalink
Considering all other investment options risk factor in EPF is THE lowest. It's a myth that withdrawal is cumbersome, these days the withdrawl is really fast. My question is if I change job and don't transfer the PF from my previous employer, will those be considered as a separate account? I do have the social security number which is issued by Employee Provident Fund Organization. What is the purpose of this number?
If you do not transfer then there will be two accounts and at any point you can initiate merging of all your PF accounts into one. I am not sure about the purpose of social security number.
