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EPF Account: Can interest be received on EPF account even after retirement, know what the rules say

There are some such provisions under the Indian Provident Fund Act, under which interest can be earned on the EPF account up to a certain limit. In such a situation, even if the employee retires before 58 years, he can still get its benefit.

After retirement, the employees get a fixed pension. For this, some part of the person’s salary is deposited in the EPF account during the job. Under the Indian Provident Fund (PF) Act, an EPF account pays interest on pension to the employee till he attains the age of 58 years. If someone has left the job after attaining the age of 55 years or before retirement, they can still earn interest on it for a specified period.

According to the rules, the employee who has left the job after the age of 55 years and before the age of 58 years or before retirement, then interest will continue to accrue on the PF account associated with that job for the next 3 years. Then whether there is any contribution in the account or not.

Interest will not be available on inactive account
According to the rules, if an employee does not withdraw his money from PF within 3 years i.e. 36 months, then the EPF account becomes inactive. No interest is available on such EPF account.

Cannot apply in these circumstances
If a member goes abroad permanently or dies. In such a situation, if the nominee has not claimed the money within 36 months, then the application for withdrawal of the balance amount cannot be made.

After 7 years the amount goes to SCWF
Inactive PF account is considered inactive for 7 consecutive years. If the fund is not claimed from the account, the amount goes to the Senior Citizens Welfare Fund (SCWF). The unclaimed amount transferred to the PF account remains in the Senior Citizens Welfare Fund for 25 years. During this, the PF account holder can claim the amount.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @
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