Losing or quitting a job is not an easy time for any person. In this period, the biggest question that arises is what will happen to the money that has been deposited in the PF account for years for the future? Will the interest on that money stop now? If the same question is going around in your mind, then you do not need to worry. EPFO , i.e., Employees Provident Fund Organization, has given complete information about this. So, let's know whether interest will continue to be received on the amount deposited in the PF account even after leaving the job?

EPFO's clear answer: Interest will continue to be received on the PF account

According to the rules of EPFO, even if an employee leaves the job or loses their job, their PF account is not considered inactive. As long as there is money deposited in the account and the person's age is less than 58 years, interest will continue to be received on it every year. That is, your money does not stop; it will keep increasing with time.

Why does interest stop after the age of 58?

It is also stated in the EPFO rule that as soon as a person turns 58 years old, interest on his PF account stops. This is because the government believes that a person has retired at the age of 58 and should now withdraw their PF money.

If a person keeps money in the account even after this, then no interest will be received on it. Therefore, it is wise to withdraw money from the account after retirement.

What to do if you have lost your job?

If you have lost your job, then there is no need to panic. The PF money is yours, and you will keep getting interest on it. But if you are not doing any new job for a long time, then if you want, you can withdraw money from your PF account or get it transferred to a new job.

PF money is safe, and interest will also keep coming.
EPFO has made it clear that even after leaving the job, interest will keep coming in the PF account until you turn 58 years old. This will give relief to every employed person because PF savings are not just money, but security for the future. Therefore, keep checking the status of your PF account from time to time and use the EPFO option correctly when needed.

How to check PF balance? The method is very easy.
If you want to know how much balance is in your PF account, then there are many easy ways to do so. The easiest way is to give a missed call to 9966044425 from your registered mobile number. Apart from this, you can also send an SMS by typing EPFOHO UAN ENG from your phone and send it to 7738299899. In a few seconds, you will get the balance information through a message.

If you want to check online, then you can go to the EPFO Member Passbook website and log in with your UAN and password, and see the balance and passbook. If you are a smartphone user, download the UMANG app and go to the EPFO section and see the complete details.

Disclaimer: This content has been sourced and edited from TV9. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.