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What Should I Do With My PF Account After Retiring?

Milind Vadjikar | Answer |Ask -Follow

Insurance, Stocks, MF, PF Expert - Answered on Mar 25, 2025

Milind Vadjikar is an independent MF distributor registered with Association of Mutual Funds in India (AMFI) and a retirement financial planning advisor registered with Pension Fund Regulatory and Development Authority (PFRDA).
He has a mechanical engineering degree from Government Engineering College, Sambhajinagar, and an MBA in international business from the Symbiosis Institute of Business Management, Pune.
With over 16 years of experience in stock investments, and over six year experience in investment guidance and support, he believes that balanced asset allocation and goal-focused disciplined investing is the key to achieving investor goals.... more

Question by Arvind on Mar 15, 2025Hindi

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Hello Milind Sir I am getting retired in April 25 after completing 40 years of Service in Reputed PSU. I want to know Following :- Can i retain my PF account till March 28 & by then I will be 63 ? Will I be earning interest till March 28 ? if above is yes then interest earned post retirement for 36 months will be taxable or noin taxable ? Kindly Suggest

Ans: Hello;

The respose to your queries is as follows:

1. Yes you can hold active pf account for 3 years after retirement.

2. Yes it will continue to earn interest, without any contribution, for next 3 years.

3. EPF interest during non-contributory phase is taxable.

Best wishes;

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

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2. I retired in FY19-20 & due withdraw My PF in FY 22-23. I liable to pay tax on interest earned on PF for FY 22-23? The PF trust of my organisation is exempted establishment & recognised by IT dept.

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Asked by Anonymous - Nov 24, 2024Hindi

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Sir, i am planning to quit my job from an mnc and have no plans to work in any company.(planning to start business). Currently I have PF balance of 25 lakhs and wanted to know if its beneficial for me to keep my PF balance in the same account for 3 years (until it earns interest) or should i keep it for more than 5 years(to avoid tax)? Please let me know if i can still earn interest even after account becomes inactive/dormant after 3 years? Total service : 15 years Age:40 Is the entire principal and interest tax free if I keep the amount in pf account for more than 5 years post retirement?

Ans: Hello;

As per EPFO rules an account is deemed dormant if it has no contribution (except interest) for 36 months consecutively.

However due to request from members, EPFO has a current policy to pay interest upto member age 55 followed by 3 grace years i.e. upto age 58.

Yes both interest and principal are tax free.

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Sir, I got retired on 30-Jun-24 after attaining the age of 58. I do not have any further contribution to PF. I would like to know if PF gives interest for next 3 years. In other words, when I withdraw PF at the age of 61 in Jun-2027, would PF have paid interest for 3 years from Jul-24 to Jun-27.

Ans: If no contributions are made for more than three years after retirement, the account becomes inoperative.
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The existing balance remains safe.

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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