What happens if an employee does not withdraw their EPF balance?

If an employee does not withdraw their EPF (Employee Provident Fund) balance, the account remains valid and interest continues to accrue. This means that the funds in the EPF account are not forfeited or terminated; instead, they remain active, allowing the employee to benefit from the compound interest that accumulates over time. The EPF is designed to encourage long-term savings for employees, and as such, the accounts are structured to stay valid even after the employee leaves their job or reaches retirement age. Thus, the employee can still access these funds in the future along with all the interest that has accrued during the period the funds were left untouched. This option reinforces the idea that EPF savings are intended for long-term use and financial security, rather than penalizing employees for not withdrawing their balances.