New Delhi, May 31 -- Employees' Provident Fund (EPF) is one of the largest long-term retirement savings option for most salaried employees. Under the scheme, employees contribute 12% of their basic salary and dearness allowance (DA) every month. Employers are also required to make a matching contribution of 12%, which is split between EPF and Employees Pension Scheme (EPS).

Many Indians move abroad for employment, higher education or other opportunities. If you become a non-resident Indian (NRI), your EPF account does not automatically get closed, but the way it is treated under EPFO rules changes. These rules depend on the EPF account holder's employment status, citizenship, and the country they move to.

If an account holder withdraws ...