When you are not working, you do not need to activate your mandatory EPF account; inactive PF accounts will generate interest up to the age of 58 (or) you can withdraw or transfer your PF anytime you need it using the standard PF withdrawal and transfer method.
If you get a new employment in the future, move your PF funds from your inactive PF account to the new PF account.
Every salaried employee has a PF or EPF account as part of their retirement benefit package. The Employees Provident Fund Organisation of India manages the fund (EPFO). The fund is a savings plan that allows employees to set aside a portion of their monthly wage for unexpected events such as unemployment or as a retirement benefit.
When an account has not received any contributions for 36 months (3 years) or no withdrawal claims have been initiated during that time, the EPFO considers it inactive. Until now, a massive sum of over 27000 crores has been sitting in inactive EPF accounts.
Tracking and activating an inactive EPF account was a difficult task until recently. The EPFO, on the other hand, has now developed a web helpdesk to make the procedure easier. The following are the specifics:
Step 1: Visit the EPF India website (http://www.epfindia.com) for more information.
Step 2: Select the ‘Inoperative a/c helpdesk’ option.
Step 3: This will take you to the EPFO helpdesk page.
Step 4: Select the ‘First Time User’ option.
Step 5: Enter a brief description of the problem in the resulting screen (herein this case about the reason for your account being turned inoperative).
Step 6: After you’ve input all of your information, click the ‘Generate PIN’ button.
Step 7: Enter the PIN number that was sent to your registered mobile phone number.
Step 8: Your request has now been submitted, and a reference number has been assigned to it. Keep the reference number on hand for future reference.
Step 9: Visit the EPF India portal or call the EPF helpline number to find out the status of your claim.
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Provide all details of your past employment, including your PF number, on the next screen.
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What are EPF Accounts That Aren’t Working?
Previously, if you did not contribute to an EPF account for a continuous 36 months, your account would become inactive. However, as on November 11, 2016, PF accounts will not become inactive, and interest will be paid on PF balances up to the age of 58.
Why Isn’t EPF’s Website Working?
EPFO has deactivated the inoperative help desk website https://mis.epfindia.gov.in/INOPHelpDesk/ since EPF accounts are not becoming inactive at this time. Even if you attempt to open the inactive support desk website, you will receive a Not Found error.
What is the procedure for withdrawing PF funds from an inactive EPF account?
There is no separate procedure for withdrawing PF from an inactive PF account; the procedure for withdrawing PF from a normal PF account and an inactive PF account is the same.
Step 1: Log in using your UAN and password to the UAN member portal.
Step 2: Select claim form 19,10C from the online services menu.
Step 3: Enter and validate your bank account number.
Step 4: Select Form 19 and fill in your information, including your address and a check or bank passbook.
Step 5: An OTP will be given to the mobile number associated with your Aadhar account; enter the OTP and submit your claim.
Follow the same steps to file Form 10C, which will allow you to withdraw your pension funds.
To withdraw PF, use the manage KYC option on the UAN portal to link your KYC, such as Aadhar and bank details, with your EPF account. You should also update your date of exit.
How can I see my PF amount if my EPF account is inactive?
Log in using your UAN and password to the EPF passbook portal. You can download your PF passbook after logging in and selecting your PF member ID.
Is it possible to keep my EPF account inactive indefinitely?
You have till you are 58 years old to earn interest. However, make sure your KYC (Aadhar, PAN, and bank details) is properly linked to your PF account.
Alternatively, you might take the PF money and invest it somewhere else to avoid any future EPF upgrades.
Hoping you have understood about How to Activate Inoperative EPF Account on epfo portal.
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