EPF Update

If you have worked in an organization and then left the job but haven’t withdrawn your employees’ provident fund (EPF) money yet, you must know for how many years you can keep the money in that account.

If you are switching your job, then you should transfer your EPF account to your new employer

If you quit your job for starting your own business or are going abroad,

Then you can withdraw your EPF amount. But it is advisable to withdraw your amount only if you have completed 5 years in continuity of this EPF account. Because if you withdraw before that. amount would be taxable

You can withdraw 100% amount after 2 months of resignation ((75% after 1 month)

If you don’t withdraw amount within 36 months, your account becomes dormant and no interest is earned.