I want to share some more information which I have regarding PF balance SMS getting from EPFO and PF interest calculation tool (Excel file).
Information on SMS getting from EPFO
Sl.No Massage Meaning/ interpretation
1 Account Details Office and Account no ext,
2 EE Amt.: Employee’s Contribution (12% on Basic +DA or Max. 780/- per month)
3 ER Amt.: Employer’s Contribution (3.67% on Basic +DA) or Max. 239/- per month)
4 ER Pension Remaining balance of Employer’s Contribution (8.33% on Basic +DA “or” Max. 541/- per month). is goes to pension fund account. (it does not reflect the PF Account)
5 As on date– dd-mm-yyyy Your monthly contributions updated as on dd-mm-yyyy
6 (Accounts updated up to 31-03-2010) Interest added to your account balance up to 31-03-2010((interest is Compounded annually)
7 Interest rates 16.11.95 to 31.3.2000 - 12%
1.4.2000 to 31.3.2001 - 11%
1.4.2001 to 31.3.2005 - 9.5%
1.4.2005 to 31.3.2010 - 8.5%
2010-2011 is 9.5%
2011-2012 not yet declared
All the best
Thanks Mr Raghunath/Mr Dhingra, is it possible to calculate the approx. balance that i am entitled to receive?
I have filled PF withdrawal form 3 months ago..
On website status showing as Under Process. When we call at PF office, nobody pick-up call.
I also sent mail multiple time on given email ID of respecting PF office but nobody respond.
I also put grievance on website but nobody responded yet. Let me know what to do ?
Who can be authority believe in responding me.
Definitely you can. You can even calculate exact balance along with interest on your pf account, as follows:
Take the closing balance (CB) of the last year, say 2008-09 and treat that as your opening balance (OB) for the year 2009-10.
You can cast OB & CB of each month as follows:
April 2010: OB (+) total subscription of the month (-) withdrawal (if any) = CB
May 2010: OB, i.e., CB of April (+) subscription of the month (-) withdrawal = CB
AND SO ON for every month up to March 2011
ADD all CBs of 12 months and DIVIDE by 12 = Average yearly CB at the end of March 2011
To this CB, multiply with the approved rate of interest/100.
Last CB + interest will be your balance for 2010-11.
Similarly, you can calculate for 2011-12 and onwards every year.
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