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
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.
My query is that my employer calculate the EPF accumulation from March to February.Where as there is two different ROI.Is my employer making any mistake? The PF amount is deposited in a Trust managed by the Employer.
As per your formula it is difficult to calculate interest.Please do the needful.
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