PF Balance - Pension Fund
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PF Balance - Pension Fund

chandan_bhola Started The Discussion:

Hi, My PF balance says EE amount 83271, ER amt: 48363 as on 01-09-11(account updated uptp 31-03-2010. Can some one please tell me the approx updated balance which i would receive including the interest??
awaiting response

kvjraghunath - Member Since: Aug 2010
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

KVJ Raghunath

chandan_bhola - Member Since: Oct 2011
Thanks Mr Raghunath/Mr Dhingra, is it possible to calculate the approx. balance that i am entitled to receive?

bunty_sourabh - Member Since: Aug 2011
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.

Regards,
Sourabh

psdhingra - Member Since: Aug 2009
Dear Chandan,

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.

Quote:
Originally Posted by chandan_bhola View Post
Thanks Mr Raghunath/Mr Dhingra, is it possible to calculate the approx. balance that i am entitled to receive?

kvjraghunath - Member Since: Aug 2010
Mr. Chandhan, Yes You can calculate. Find the Calculation tool All the best ( KVJ Raghunath) at http://www.kvjraghunath.com ( KVJ Raghunath) at http://www.kvjraghunath.com


Attached FilesProvided by community member kvjraghunath. Join us to learn and grow with your peers.
File Type: xls Provident Fund interest Calculation Tool -97-03.xls (74.5 KB, 2111 views)
chandan_bhola - Member Since: Oct 2011
Hey Guys,

i submitted a query on the EPF claims and received a msg that the application has been received on 1-10-11 and is under process. Can anyone tell me the estimated time for the PF amount to be credited in the bank account.


Thanks,
Chandan Bhola

smilewithjatin - Member Since: Jun 2010
Hello Mr.KVJ Raghunath,

Your Provident Fund interest Calculation Tool is very easy and helpful.

It will be grateful if you will send updated file (upto 2013-14) as a attachment.

Thanks in advance


Regards

Jatin

smilewithjatin - Member Since: Jun 2010
Hello Mr.KVJ Raghunath,

Your Provident Fund interest Calculation Tool is very easy and helpful.

It will be grateful if you will send updated file (upto 2013-14) as a attachment.

Thanks in advance


Regards

Jatin

sukanta_1971 - Member Since: Jan 2012
Hi friends, pls tell me the full form of 'fpr' in epfo. Thanks,



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