My PF Account was considered DORMANT when the Gazette Notification was passed in 2011. I did not get Interest for 3 years. Now Interest is being provided on Dormant Account w.e.f 1st Apr 2016. Wanted to know How to get interest on the dormant account for the 3 years prior to 1st Apr 2016? more
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WHICH RULE SAYS ON DORMANT PF A/C CARRIES NO INTEREST ? ASK SUCH PERSON FROM PF OFFICE TO SHOW YOU THE RULE. PF RULE SAYS, PF'S RATE OF INTEREST AS DETERMINED BY THE GOVERNMENT FROM TIME TO TIME (MOSTLY ON YEARLY BASIS, FROM 1ST APRIL TO NEXT 31ST MARCH) IS PAID ON YEARLY COMPOUNDING BASIS, ON 1ST APRIL EVERY YEAR, EVEN ON DORMANT PF A/C. IF ANY PF A/C IS CLOSED, THEN TILL THE END OF PREVIOUS MONTH OF CLOSURE, PF INTEREST IS GIVEN. FOR EXAMPLE, IF YOUR PF A/C IS CLOSED IN NOVEMBER, 2016, THEN FROM 1ST APRIL, 2016 TO 31ST OCTOBER, 2016, YOU ARE GIVEN INTEREST ON YOUR PF BALANCE, AS ON 1ST APRIL 2016. GO AHEAD, FIGHT FOR THE RIGHT IF NO INTEREST IS GIVEN FOR ANY INTERVENING PERIOD, THEN TAKE UP THE MATTER WITH DIRECTORATE OF PUBLIC GRIEVANCES, NEW DELHI. GOOGLE SEARCH TO GET YOU THE SITE, AND DO COMPLAINT ON LINE. more
Nov 11
Pl visit your PF office and request the authorities for crediting the interest in your account. You have to submit fresh proof of IDs and other details for doing the needful. Best wishes. more
Nov 11
