No, 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 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 on every year announced by EPFO, which is better than 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
An EPF account will become inoperative when the EPF member leaves his job after 55 yrs of age and doesn’t withdraw his PF within 36 months then that account will become inoperative and after 58 yrs no interest will be credited on that account.
Similarly, if the member dies after 55 yrs of age (or) when he moves abroad (or) dies after 55 yrs and doesn’t contribute to PF then also the PF account will become inoperative after 58 yrs of the member’s age.
But in all these cases upto 58 years the PF accounts earns interest.
(Don’t get confused, just remember you will get PF interest up to 58 yrs of your age, even though you leave your job.)
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 job, how long will my EPF account earn interest
Up to EPF members 58 yrs of age, interest will be credited in their PF accounts, even though they leave their job.
How to active my inoperative PF account
With new rules your PF account will not become inoperative upto 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 same UAN number.
Can I withdraw my PF whenever I want after leaving the job
Yes, you can withdraw your PF at 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 eligible for a monthly PF pension amount.
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