Letters: The purpose of PF

Apropos Priya Nair's article "Job change should not deprive you of PF" (March 18), an employee is allowed to withdraw his/her provident fund (PF) from the previous organisation only if he/she doesn't join any other organisation in India for a period of more than 60 days. So, the term "cooling period" is baseless. If an employee resigns to go abroad for higher studies, or starts his/her business, he/she is allowed to withdraw PF immediately. If an employee wants to withdraw his/her PF and continues to work for another PF-governed organisation, the gap between the two employments should be over 60 days to make him/her eligible for a withdrawal. This time gap shows unemployment and hence, it is prudent that PF access is given to the employee. After all, that is the purpose of it.

Adrish Singh Navi Mumbai

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