PF Account Interest after retirement: If you are a member of the Employees Provident Fund Organization (EPFO) and your PF account, then this information is very important for you. Most people take out their deposited capital immediately after retirement, but many people do not do so and let the money remain in the account. In such a situation, a big question arises that after retirement, how long the interest is received on this amount and when the account is considered inactive.
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How many years will interest be available? (PF Account Interest after retirement)
Even after retirement, interest benefits on PF account, but this facility is available only for 3 years. That is, if you do not withdraw your money after leaving the job or retiring, then you will continue to get interest for three years. But as soon as three years are over, interest will stop coming and the account will go into the category of Dormant (passive).
What does the account be inactive mean? (PF Account Interest after retirement)
The PF account being inactive does not mean that your deposit capital has been submerged. Your money is safe, but no interest will be available on it. EPFO advises its members to withdraw money from the account after three years of retirement, so that your money does not remain without interest.
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PF extract process after retirement (PF Account Interest after retirement)
The easiest way to remove PF is online claim. For this, you have to go to the official website of EPFO and login with the UAN number.
- It is necessary to update KYC.
- After login, go to the online services section.
- Click on Claim (Form-31, 19, 10C) here.
- Verify your bank account and choose the cause of the claim.
- After verification from OTP, submit the claim.
- In a few days your money will be transferred directly to the bank account.
Offline method is also available (PF Account Interest after retirement)
If you want, you can also claim the nearest EPFO office. For this, fill Form-19, Form-10 C or Form-31 and submit it with necessary documents. After the process is completed, the amount will be sent to your account.
