BusinessPhoto: NDTV BusinessEPF Account Continues Earning Interest After Job Change
The Employee Provident Fund (EPF) in India remains a vital retirement savings tool, offering an 8.25% annual interest rate. Employees contribute 12% of their basic salary, with employers matching this contribution. When changing jobs, the existing PF balance continues to earn interest, and new contributions start in the new account. Transferring the old PF balance to the new account ensures continuity and helps maintain tax exemption benefits on withdrawals after five years.
NDTV Business·




