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After retirement, you have a finite amount of time to retain your funds in your EPF account. Two essential points to keep in mind are:
Your EPF account becomes “inoperative” (inactive after 36 months) if no contributions are made after retirement. This implies that interest will stop being paid on the account.
For the three years following retirement, you will continue to receive interest on your EPF amount even though the account is no longer active. While you decide what to do next, this can be a useful method to hold onto your savings and earn some extra interest.
When you retire determines the status of your Employee Provident Fund (EPF) account after retirement:
Retirement at 58 or older: After the age of 58, you are eligible to withdraw the whole EPF corpus, which is the total amount that has accrued including employer and employee contributions as well as interest. After this age, there are no limitations on the amount of money that can be kept in the account. There will be no more interest earned on the account after it becomes inoperative. You may still take out the whole amount at any point, though.
Retirement below 58: If you retire before 58, things are a little different.