Final claim- EPF

Save Share

This query is : Resolved

Quick Summary

This discussion clarifies whether an Employee Provident Fund (EPF) account continues to earn interest after an individual leaves their job and stops contributing, particularly after the age of 58. The consensus is that the EPF corpus does indeed continue to earn interest for the period it remains unclaimed, even if the account is considered inoperative due to no further contributions. This is important information for those looking to claim their final EPF settlement.

SARATSA

SARATSA (Querist)
Follow

07 November 2023 Hi, Namaskar.
I have the following query on my EPF claim.
I left my last company during 2021, at the age of 58 with 21 years of contineous service and regular contribution to EPF account. After that, I did not persue any job.

Now, I am 60+ and want to claim final PF settlemet.
Please let me know,
Whetehr my corpus amount, which was there when I left the job, would earn any interest, for last two years.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

07 November 2023 Yes, it will earn interest.

SARATSA

SARATSA (Querist)
Follow

07 November 2023 Thannks Sir, for the quick response .
I was under the impression that after 58, when there is no contribution the account would become inoperative and it will not gain any interest.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

07 November 2023 You are welcome..
...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now