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Add warning regarding interest stoppage which is not confirmed
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bluprince13 committed Oct 8, 2024
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13 changes: 9 additions & 4 deletions src/content/blog/epf-withdrawal-nri.mdx
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Expand Up @@ -46,7 +46,14 @@ The government adds interest every year - 8.25% in 2024
[[cleartax: EPF Interest Rate 2024](https://cleartax.in/s/epf-interest-rate)].
Over several years, you can build a significant amount of savings in your EPF.

## After three years of no contributions, interest stops accruing
## After three years of no contributions, interest stops accruing (unconfirmed)

<Alert severity="warning">
*Updated on 2024-10-08* - The FAQs referred to here do contradict themselves. It may not
be true that the EPF stops earning interest after three years of no contributions. I have not found
a credible, authoritative reference to confirm either way. Therefore,
I recommend that you do your own research.
</ Alert>

The FAQs, quoted below, imply that three years after you leave your job in India,
the EPF account becomes inoperative and stops earning interest. At that point, you are
Expand Down Expand Up @@ -209,9 +216,7 @@ In our case it took 11 days, slightly longer than the 3 working days the SMS had
## Conclusion

The process of withdrawing the EPF as an NRI was not as straightforward as we had hoped,
but we're glad it's behind us now. It's worthwhile to withdraw your EPF within
three years of leaving your job in India at which point it stops paying interest.
The process may differ slightly for you depending on your
but we're glad it's behind us now. The process may differ slightly for you depending on your
circumstances, but I hope this guide helps.

Feel free to leave any feedback or questions in the comments section.

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