EPFO Rules: How long does interest come in your PF account even after job? Learn this very important rules

EPFO Rules: Many people become careless about their old Provident Fund (PF) account after changing or leaving the job. They feel that when the money is not accumulating now, it will not get interest on it. If you think the same, then this information is very important for you, because your sleeping money can also increase!

Employees Provident Fund Organization (EPFO) gives you the facility that even if you are not in a job, you should get interest on the amount deposited in your account. But it has a time limit, which is very important for everyone to know.

What is the rule of getting interest?

Let us consider it in very easy language. EPFO rules say that even if an employee leaves the job or retires, interest in his PF account does not stop getting interest. This interest you 58 years old Keeps on getting, even if your account is not active.

This rule has been made so that the amount deposited for your retirement remains safe and keeps increasing over time.

Then when does interest stop getting?

This is where you have to pay the most attention. As soon as your age is completed 58 years, EPFO ​​starts monitoring your account.

• Rules say: If you are 58 years old and Till 3 years later (Ie till the age of 61 years) You neither withdraw any money from your PF account nor make any claim, then your account ‘Inoperative’ That is, it will be considered inactive.
• Big change: On the day your account is declared ‘inline’, from the same day on it Stop getting interest It happens.

It is not a matter of concern, your money will not drown. You can also claim it later, but you will not get any interest on it.

What to do so that there is no harm?

1. Transfer PF if you change the job: Whenever you join a new job, always get your old PF account money transferred to the new account. This is the best way.
2. Keep an eye on the account: Even if you are not doing a job, keep checking your PF balance and account status from time to time.
3. Withdraw money on time: If you do not have to do a job in future and you need money, then withdraw your money around the age of retirement so that there is no loss of interest.

In short, your PF account is completely safe till the age of 58 and will continue to get interest on it. But after that you need to be careful.