What happens to PF balance after you quit your job ?
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What happens to PF balance after you quit your job ?

A PF account becomes inoperative if the employee does not make an application for withdrawal within 36 months of retiring after attaining the age of 55 years. Therefore, even after leaving one company, the PF account continues to earn interest and is not termed inoperative PF account till such a situation rises till age 55. The interest credited to an Employees' Provident Fund account after an individual ceases to be in employment is taxable in his hands in the year of credit. The unclaimed amount which remains inoperative for 7 years is transferred to the Senior Citizens' Welfare Fund.
 

Read More at The Economic Times News date : 3 Jan 2019, Thursday

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