IF you left your job, your PF account is running or not, know about this
Employees’ Provident Fund Organisation (EPFO) is the government’s social security organization. This Organization manages employees’ provident fund and pension schemes. EPFO changed the rules of withdrawing money from the PF account for jobholders and ex-employees.
According to new rules, if you are unemployed, you can withdraw your pf account at least 75% account. But you don’t withdraw the rest amount of 25%. For this, you are waiting for 1 year.
Once you create a membership on PF, you can’t be removed from that membership. This means, EPF membership is still continues if you leave the job. This continues till you don’t withdraw the total amount.
About Interest: If you left the job and no transaction on the PF account, interest will continue to accrue for three years.
For example, if a person leaves their job in June 2022 and does not make any new contributions thereafter, interest will continue to accrue until June 2025. After that, interest will stop.
It’s important to understand that stopping interest payments doesn’t mean your money is gone. Your principal and past interest remain safe in the EPFO. You can withdraw this money whenever you want by filing a claim online.
