By Admin 
Nowadays, problems in the job world have increased a lot. Sometimes the company gets closed, sometimes the job is lost, and sometimes due to some reason we ourselves have to leave the job. In such a situation, the biggest fear is that what will happen to our PF now, will the money we have deducted from our salary for years? Will it all sink? If you also have such questions in your mind, then let us tell you today that if you have lost your job or you have left it yourself, then what will be the condition of your PF account and the money deposited in it?
Does the money deposited in PF account sink?
Even if you have lost your job and now no new deposit is being made in your EPF account every month, you do not need to panic. Your money remains completely safe. The rule of EPF Organization (EPFO) is that even if contribution is not received in an account for some time, the deposited amount still remains there, neither it disappears nor disappears. Even when you leave the job and no new contributions come in, interest continues to be earned on your old balance for the first three years.
When does PF account become active?
If there is no new contribution in the account for 3 consecutive years, then EPFO considers that account as active. This means that now you will not get interest on it, but your principal amount and all the interest till now remains safe. You can withdraw the amount whenever you want. Also, according to the rules of EPF, if you have been unemployed for more than two months, then you are entitled to withdraw money from your account. If you want, you can withdraw some part or even withdraw the entire amount.
Always keep KYC and Aadhaar updated
Many times people do not update KYC in their old account, due to which it becomes difficult to withdraw money later. Therefore, always keep your Aadhaar number, bank account, PAN card and mobile number updated in your EPF account. If you have multiple PF accounts, merge them into one. You can do this work easily from EPFO website or Umang app. This will not only make it easier to keep an eye on interest and balance, but there will also be no problem in making any claims in future.
Also read: If you do not have money for child’s fees, SBI will help, apply for this scholarship.