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Can I continue my EPF in the same account if I am changing the job?

Yes, if you are salaried and EPF is part of your salary, you can restart contributing to the same account
By OLM Desk | August 09, 2017

I had contributed to Employees’ Provident Fund (EPF) for two years and then stopped working. I am now rejoining the same company after a year’s gap. Can I continue my EPF in the same account?

Revati Pandit, Gurgaon

Yes, if you are salaried and EPF is part of your salary, you can restart contributing to the same account. EPF is a good investment option for investors who want to have a long-term secured tax-free corpus with compounding benefits on a fixed interest rate. In the absence of any clear retirement plan and social security, the EPF helps you create a sizeable retirement corpus if you continue contributing to it through your employment period. These days you have online access to your EPF account, which should allow you to check on how much you have in your account at any given time.

 

olmdesk@outlookindia.com

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