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Microsoft has confirmed via its OneDrive Twitter account that its cloud-based storage service will save files on OneDrive forever or until the user decides otherwise



From Techradar:
To the question are the files on OneDrive saved forever?, OneDrive's team answered You'll still be able to view, share, and download files, but you won't be able to upload files until you buy more storage.This means that you can upload as many files as you want over the course of a year, allow your subscription to lapse and still access them later without limits.
  Microsoft confirms Onedrive will keep files 'forever' if users want it