EPF account: Do you know that in these 4 situations you do not get interest on the money deposited in PF?
EPF Account: If you do a job, then obviously you have an EPF account. That is, the more subscription you submit, the more amount your company or employer also deposits in it. Every year, the government decides the interest rate on the amount deposited in this EPF account. Every year you get returns in your EPF account in the form of interest. But do you know that due to which the interest deposited on the money deposited in the PF account stops. In such a situation, today we tell you what are those situations, when the interest on your account stops getting. Also, know how it happens and when you will stop getting interest….
1. If you do not withdraw your money within 36 months in case you resign from your job before the age of 58, then your EPF account becomes inactive. After this, you also stop getting interest on your PF account.
2. At the same time, if the subscriber goes abroad and does not use his PF account, then the interest on that PF account also stops.
3. If any EPF member dies, there is no interest on the account of the EPF holder.
4. At the same time, if a person does not make a settlement within 36 months from the date he becomes eligible to withdraw money from the PF after resigning from the job, then the EPFO stops paying interest on that account. If this is the case with you, then contact the EPFO.