Opening or closing an EPF account is not a simple process like opening a bank account. There are only two scenarios where an employee’s EPF account can be closed. First, an employee’s EPF account can be closed in case of the death of that employee. Secondly, an employee’s EPF account can be closed if they have left the company or retired and the funds have been withdrawn. However, since the UAN (Universal Account Number) is mandatorily provided to employees and must also be provided to the new employer when switching jobs, closing your EPF account is not the ideal option before you are fully retired.
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