Quit your job at 40? EPFO rules allow your existing EPF balance to keep earning interest until 58
- The Employees’ Provident Fund EPF is a retirement savings scheme where contributions earn interest over time.
- If you leave your job at 40, EPFO says your EPF balance can continue earning interest until you turn 58.
- This means you do not necessarily need to withdraw your EPF savings immediately after leaving employment.
- The account may stop earning interest if it becomes classified as inoperative under EPFO rules.
Source: news18.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
