Interest will be available on PF even after retirement, know these rules of EPFO, otherwise there will be loss:

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If you are about to retire and have an EPF account, then keep in mind an important thing. According to the rules of the Employees Provident Fund Organization (EPFO), interest will be available for only three years after retirement on your PF account. That is, if you retire at the age of 58, then your PF account will continue to get interest till the age of 61 years. Next, your PF account will become inactive and stop paying interest.

Some people think that if their PF account becomes inactive, their money will be submerged, but it is not so. Your money is completely safe, just stops getting interest on it. This means that if you do not withdraw your PF balance after three years of retirement, then your deposit will remain, but you will not get interest. Therefore, it is necessary to take out your PF balance within three years of retirement and invest it elsewhere to get interest.

Some people think that if their PF account becomes inactive, their money will be submerged, but it is not so. Your money is completely safe, just stops getting interest on it. This means that if you do not withdraw your PF balance after three years of retirement, then your deposit will remain, but you will not get interest. Therefore, it is necessary to take out your PF balance within three years of retirement and invest it elsewhere to get interest.

Like retirement, if you leave the job, your PF deposits will continue to get interest for three years. This means that the government will pay interest on the PF deposit deposited by your previous employer for three years. Next, your PF account will become inactive and the interest payment will stop. For FY 2024-25, EPFO ​​has fixed an interest rate of 8.25 percent, which varies from time to time. Therefore, it is important to know that even after leaving the job, PF deposits continue to get interest from time to time.

Like retirement, if you leave the job, your PF deposits will continue to get interest for three years. This means that the government will pay interest on the PF deposit deposited by your previous employer for three years. Next, your PF account will become inactive and the interest payment will stop. For FY 2024-25, EPFO ​​has fixed an interest rate of 8.25 percent, which varies from time to time. Therefore, it is important to know that even after leaving the job, PF deposits continue to get interest from time to time.

EPFO has made PF withdrawal rules easier to reduce employees' problems. If your UAN is active and your KYC is complete, you can remove PF online from home. To do this, go to the EPFO ​​website and log in from your UAN. Then, go to the claim section under online services. You can remove your PF by verifying your bank information and choosing the reason. After OTP verification, the amount is deposited directly in your bank account in 7-8 days.

EPFO has made PF withdrawal rules easier to reduce employees’ problems. If your UAN is active and your KYC is complete, you can remove PF online from home. To do this, go to the EPFO ​​website and log in from your UAN. Then, go to the claim section under online services. You can remove your PF by verifying your bank information and choosing the reason. After OTP verification, the amount is deposited directly in your bank account in 7-8 days.

If you want to do offline clearance, then you have to go to your nearest EPFO ​​office and fill Form 19, 10C or 31. You have to attach a copy of your identity card and bank passbook. You may also have to take signature and seal from the company. Next, you will receive money in 7 to 10 days.

If you want to do offline clearance, then you have to go to your nearest EPFO ​​office and fill Form 19, 10C or 31. You have to attach a copy of your identity card and bank passbook. You may also have to take signature and seal from the company. Next, you will receive money in 7 to 10 days.

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