PF interest will not stop after 3 years from the date of leaving your job. As per the amendment made to paragraph 72(6) of the EPF Scheme, 1952 by the Government vide notification no. G.S.R. 1065 (E) dated 11.11.2016 interest will be credited up to 58 years of EPF member’s age.
So even though you don’t contribute to PF after leaving your job, your PF amount earns interest every year announced by EPFO, which is better than the FD interest rates of all banks.
Earlier PF accounts used to become inoperative if there is no transaction in the PF account for 3 years. But now the rules for becoming inoperative have changed.
When will EPF Account Become Inoperative
EPF accounts become inoperative after 58 years of employee’s age.
The 3-year rule is applicable in the following cases:
An EPF account will become inoperative when the EPF member retires from his job after 55 yrs of age and doesn’t withdraw his PF within 3 years, then that account will become inoperative after 58 years and no interest will be credited to that account.
Similarly, if the member dies after 55 yrs of age (or) when he moves abroad and doesn’t contribute to the EPF scheme then also the PF account will become inoperative after 58 yrs of the member’s age.
But in all these cases up to 58 years, the PF accounts earn interest.
(Don’t get confused, remember you will get PF interest up to 58 yrs of your age, even though you leave your job.)
Download EPF Interest on Inoperative Accounts Circular
Download Government vide notification no. G.S.R. 1065 (E) dated 11.11.2016
FAQs on EPF Inoperative Accounts
What is PF inoperative account
The PF account which doesn’t earn interest is known as PF inoperative account. Your PF account will become inoperative after 58 yrs of your age.
After leaving my job, how long will my EPF account earn interest
Up to 58 yrs of your age, interest will be credited to your EPF account even if you do not contribute to the EPF scheme.
How to active my inoperative PF account
With new rules, your PF account will not become inoperative up to 58 yrs of your age. But whenever you join in a new job transfer your old PF amount to your new PF account, but continue the same UAN number.
Can I withdraw my PF whenever I want after leaving the job
Yes, you can withdraw your PF any time after 2 months from your last working date in your company.
What is EPF retirement age?
EPF retirement age is 58 yrs, after reaching 58 yrs of your age you can withdraw your PF amount and if you have 10 yrs of total PF service then you can be eligible for a monthly PF pension amount.
Is it Safe to Keep my EPF amount unclaimed for a long period?
If you do not want to work in the future, it is better to claim the EPF amount and invest in other better options.
Because the EPF rules change continuously, which may cause problems in withdrawing your PF amount in the future.
Recommended:
Dear Sir, My Date of birth is May 1962, I left my job at June 2018 and then joined another job from My 2021 (Within 3 years of leaving the previous Job).
My new company has started my PF deductions on my same UAN number from May 21. The old PF balance transferred to new company account in Sep 22.
My question is will I get the PF interest for whole period i.e. from March 2021 till date (the interest till Feb 2021 has already been credited), as my UAN number has been active throughout and I am still working as well as contributing to my PF.
Dear Ajay, I too am facing a very similar situation and my file is pending with the EPF Authorities.
Has your matter been resolved? Did you get the interest for the period from March 21 to Sep 22?
Thanks Yogesh Vora
hi,
I have worked for 7 year and I left job oct 2019.
1.Till how many year i will received interest?
or i should withdraw money all?
I got interest till 31-03-2021 i don’t know y they not given for 31-03-22 so what should i do now my all detail were updated.
HI, i wish to ask on the EPF interest, i retired more than 5yrs ago, for sure i stop contributing my monthly EPF, does that means i will stop getting interest for my EPF amount in the EPF account? But from my EPF statement, i still received my 2021 interest. I am confused after reading the article. Please advise. Thank you.
You will continue to earn interest on EPF until age 58 even though you do not contribute.
In the future, if you join any job then continue the same UAN.
If you do not wish to join any job then make sure your KYC is linked properly with your PF.
And regularly check your PF balance, so that you will not face any problems while withdrawing it.
Sir,
I left job on 30th September, 2019. Thereafter I have not worked at all ( Corona effect )
I completed my age 58 years in February, 2022.
Please tell me whether I will get interest on my PF till September, 2022, as per rules ?
Thanks.
K.Dhananjay
I am confused, i was under impression that you do not earn interest if there is no contribution to PF account for 3 years. But you are saying that is not true. so if there is no contribution to PF till 58yrs of my age I will keep earning interest on balance amount ?
Yes, you will get interest.
Respected Sir,
I was employed with The Bank of Tokyo till June 2016. Since I was not having PF facility with my subsequent employers, I could not transfer the PF balance lying with Bank of Tokyo. Now I would like to transfer that balance to my current UAN 100694XXX462 but Bank of Tokyo HR not paying interest from 1st July 2019 till date. They are saying that EPF rules are not applicable to them.
Request you to please guide how to get interest after 3 years of leaving the bank. Thank you very much.
Regards,
Narendra
Hi,
I left a company in 2009 where I was working for 7 years . I have not withdrawn my PF till date. I am 51 years of age now but my passbook shows interest only till 2011. When i raised a query on epfigms , I go the following response.
WE ARE PLEASED TO INFORM YOU THAT AS YOU HAVE LEFT THE COMPANY IN 2009 INTEREST WILL BE CREDITED ONLY UPTO 3YEARS. HENCE THE INTEREST WAS REFLECTING UPTO 2011. IF YOU ARE WILLING TO APPLY FOR ADVANCE YOU CAN CLAIM FOR ADVANCE THERE IS NO ISSUE WITH THE INTEREST ..
Please let me know if that information is correct. I am cinfused
Dear Sir,
I retired on 1st Dec 21 at the age of 60 years. Still today i have not apply for my and my employer contribution from PF department, up to what period i earn interest from PF department on my and my employer contribution.
Thanks
Ramesh
You will earn interest up to 58 years of your age. so it is better to withdraw your PF amount, and if your total service is above 10 years then apply for monthly pension as well.
Better contact your HR department to get any assistance in the process.
Thanks for helping .
I have 10+ years of PF Service and resigned job recently . Now can I with draw only PF part by keeping Pension contribution? If so Do I get pension ?
Thanks
RK
Yes, you will get a pension after 58 years of your age. If you again join in any new job then continue the same UAN and transfer the pension amount to the new PF account.
If you do not want to join in any new job then apply for a PF scheme certificate and keep it with you. After 58 submit it to your PF office to get a monthly pension.
Thanks for your response ,
Will I get pension even though I withdraw PF amount now ?
How to find how much amount do I get as pension after 58 years ?
Use this formula to calculate monthly pension = ((Your last 12 months average basic wage + DA) X no. of yrs of service)/70.
okay
,Will I get pension even though I withdraw PF amount now ?
Yes, you will get it.
I have received a message from EPFO to link Aadhar to UAN and if not seeded, we will not receive contribution w.e.f 01.06.2021.
I have worked for 4 years and left my job in July 2018.
So
1)Which contribution are they talking about?
2)Will I be able to get back the contribution after I seed Aadhar with UAN? I mean will they just temporarily stop the contribution or permanently stop it?
It is a default message, if you left your job then you don’t receive any PF contribution.
I have replied to the previous answer, but maybe it’s not getting posted.
Alright. Thank you so much for the answers. I have some more queries, it would be great if you help me out in this.
As I have stated already, I have worked for 4 years and left my job in July 2018.
1)If I want to withdraw PF online, then will I need to call my employer and ask them beforehand about the process and then start with their permission?
2)Can I withdraw PF without going to employer office and EPFO office, sitting at home and filling form online on my own? Or is it mandatory to go to employer office and EPFO office, even if we want to withdraw online?
3)Suppose I don’t want to withdraw the PF amount since I am getting interest every year(and it is said that interest will be received upto 58 years of age), so in this case should I just link KYC, bank details with PF account and keep it ready for future? That means is it allowed to link KYC to PF account beforehand even if we don’t want to withdraw the PF?
4)I checked on Internet that after submitting KYC, the employer will approve the documents, so do I need to contact and ask the employer to approve the documents?
5)Mostly people say that always withdraw your PF amount as early as possible when you leave your job, because later the PF amount gets cut or the employer gives reasons of documents not found. Please clarify this.
6)Does any amount get deducted as tax because of PAN card not submitted? What can be done then?
7)Since I haven’t completed 10 years of service, will I still get the Pension amount? Because the PF passbook shows pension amount in it. And people also say that how come you will get pension if you haven’t been much senior and no one else has received it yet.
8)Is there any official email or website of EPFO, where we can find answers to questions like these from official sources?
There is no need to call your employer to link KYC. Just update your bank details, Aadhar, and PAN in the UAN portal, they will get a notification in their employer PF portal. Most employers will check those notifications regularly and approve without any intimation from the employer.
You can withdraw PF online without visiting your employer and PF office.
Your service is less than 10 yrs so you can withdraw your total pension contributio also along with the PF amount.
If you don’t want to keep your PF amount for such a long time then withdraw that amount and invest somewhere else.
I have a query. I have worked for 4 years and left my job in July 2018.
1)Till how many years I will receive interest?
3)Till how many years I can keep my PF account without withdrawing PF amount?
I haven’t completed 55 years of age and not claimed PF withdrawal.
You can keep it until you reach 58 years of your age and till then you will get the interest, but make sure your KYC and bank details are properly linked with your PF account, to avoid future PF withdrawal problems.
Very well explained.
I have a query. I have leaved one of my previous employment in July 2015 and started my own work. Now when I claimed for my EPF amount withdrawal it is being rejected as the employer has mentioned the exit date as Nov-2017.
I tried to approach that employer for the correction but did not received any positive response. What are the ways for me now.
Thanks,
You can raise a complaint on the EPF grievance portal, they will help you in this matter.