What happens to your EPF account if you become an NRI? Rules explained
New Delhi, May 15 -- For many salaried Indians, the Employees' Provident Fund (EPF remains one of the largest long-term retirement savings pools. If you become a Non-Resident Indian (NRI), your EPF account does not automatically get closed, but the way it is treated under Employees' Provident Fund Organsation (EPFO) rules changes.
The rules depend on an individual's employment status, citizenship, and the country they move to. From EPF withdrawals and tax implications to social security agreements signed by India with other nations, here's a detailed explanation on what happens to your EPF account after becoming an NRI.
When an Indian resident becomes an NRI, their EPF account remains active. However, the rules governing the contributio...
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