How long will my PF interest continue after retirement at 65?

Ans: Your EPF Account After Retirement: Keeping it Active and Tax Implications
Good question! Here's what you need to know about your EPF account after retirement:

Can you keep your EPF account active?

Yes, you can! Your EPF account doesn't automatically close upon retirement.
But there's a catch!

If no contributions are made for more than three years after retirement, the account becomes inoperative.
What happens to an inoperative account?

It stops earning interest.
The existing balance remains safe.
Here's the good news!

You can still claim the accumulated amount (balance + interest earned till it became inoperative) anytime.
Tax on interest after retirement:

If you've completed five years of continuous service, any amount withdrawn from your EPF account (including interest), after retirement, is generally exempt from tax.
Remember!

There are some exceptions to tax exemption. Consulting a Certified Financial Planner (CFP) can help clarify your specific situation.
Thinking about withdrawing your EPF?

Consider your financial needs and other retirement income sources.
Withdrawing your EPF reduces your retirement corpus.
Talk to a CFP!

They can help you make informed decisions about managing your EPF after retirement and planning your golden years.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Interest Accrual on EPF
Interest Calculation: EPF continues to earn interest even after retirement.
Time Frame: Interest is credited until three years post-retirement.
Passbook Details: Check for updates periodically for interest credits.
Withdrawal Process
No Immediate Withdrawal Needed: You are not required to withdraw immediately.
Flexibility: You can withdraw your EPF anytime as per your convenience.
Form Submission: Use the correct forms to process withdrawals.
Retention Period
Interest Duration: Interest accrues for three years post-retirement.
Inactive Account: After three years, the account is marked as inactive.
Interest Stoppage: No interest is earned on inactive accounts.
Monitoring Your EPF
Regular Checks: Check your EPF passbook regularly.
Update Issues: Sometimes updates may be delayed, so check periodically.
EPF Website: Use the EPF portal for accurate information.
Final Insights
Interest Earned: EPF continues to earn interest for three years post-retirement.
Inactive Accounts: After three years, the account becomes inactive, and interest stops.
Withdrawal Flexibility: You can withdraw your EPF anytime as per your needs.
Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: As stated by EPFO, members transaction less account (except interest credit) will be inoperative after 36 consecutive months of no contribution.

Hence it is advisable that you withdraw your EPF corpus and invest in other avenues.