Interest for FY 2022-23

Once the Government has announced EPF interest rates, what is reason for non reflection in members pass book?
Such delays also cause financial loss to members who have to do a final withdrawal on retirement. The interest must be credited in the account by mid Apr and interest paid for balance duration more  

View all 6 comments Below 6 comments
The system provides online withdrawal facility and it is understood from friends that the process is simple if your KYC is up to date more  
100% AGREE FOR TIMELY CREDIT OF INTREST IN EPF PASS BOOK more  
and they will never share your ledger......main job is to provide employment data to govt.? more  
if u have log in with an ID and password then u have to log in to EPFO Passbook u will annual statement in that more  
Though I agree with the view, however just to make one point here that once you go for withdrawal of you PF the Interest will be calculated and paid to you along with the sum even if the interest is not credited to PF accounts in general. This I am commenting as it happened with my friends and colleagues who have withdrawn their funds. Having said that this does not dilute the fact that the interest should get credited within the month of Apr itself in general. There should be some mechanism or governing body who strictly ensure this. Rules can not be only for citizens, it should be applicable to Government as well. Just don't pay your advance tax once and they will impose interest and penalty both on you. Same way it should go for PF as well. more  
Thank you for the information. Please can you guide if we can withdraw the full amount On Line or do we have to visit the EPF Office and Fill Forms etc. etc. more  
Irresponsible and inefficient Trust Board. Are EPF Trust non governed by any Rules or Policy guidelines that mandates them to credit interest to members account by a specific time period ? Like filing of ITR by 31st July. more  
Post a Comment

Related Posts

Share
Enter your email and mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

All My Circles
Invite to
(Maximum 500 email ids allowed.)