Dear friends, No interest will be provided on inoperative PF Accounts (i.e. accounts having no transactions for 3 years) from April 2011 onwards. Pl see attached circular on this issue. Regards,
From India, Malappuram
1444From India, Malappuram
adverse implications on workers category and unorganised sectors. Not a healthy decision which I opine. Regards R.Ponraj
From India, Lucknow
From India, Lucknow
thanks for sharing
[
QUOTE=pca;1415718]Dear friends,
No interest will be provided on inoperative PF Accounts (i.e. accounts having no transactions for 3 years) from April 2011 onwards. Pl see attached circular on this issue.
Regards,[/QUOTE]
From India, New Delhi
[
QUOTE=pca;1415718]Dear friends,
No interest will be provided on inoperative PF Accounts (i.e. accounts having no transactions for 3 years) from April 2011 onwards. Pl see attached circular on this issue.
Regards,[/QUOTE]
From India, New Delhi
Dear PCA,
Good post;
This is a good move.
Tries to inculcate a saving habit.
Three years can be termed as 1000+ days or 36 Months.
Considering the interest rate, is it not worth to do, at least, one transaction in 3 years?
Those who oppose this move are doing only lip service.
Compare with Bank's Savings Account - if there's no transactions, even for one year, the account is being frozen. Read their valid justification(s).
Take a call based on holistic view and long term implications.
From India, Madras
Good post;
This is a good move.
Tries to inculcate a saving habit.
Three years can be termed as 1000+ days or 36 Months.
Considering the interest rate, is it not worth to do, at least, one transaction in 3 years?
Those who oppose this move are doing only lip service.
Compare with Bank's Savings Account - if there's no transactions, even for one year, the account is being frozen. Read their valid justification(s).
Take a call based on holistic view and long term implications.
From India, Madras
DEAR PROFESSIONAL, YOU HAVE ATTACHED VALUABLE INFORMATION ABOUT EPFO. THIS IS VERY USEFUL TO EVERY HR FOR FILLING IN THEIR OFFICE RECORDS. THANKS FOR SHARING AND KEEP SHARING. WITH REGARDS, Mr.King
From India, Warangal
From India, Warangal
Dear Friend Thank you for sharing this info, but sorry i request you to upload it again as i have some issue on the format and it shows error Regards Bhairavi
From India, Madras
From India, Madras
Dear Mr Agarawal, Thanks once again for sharing update on PF and creating awareness among HR Professionals. Keep on posting. Avinash Kanoray, Nashik 9890752690
From India, Pune
From India, Pune
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Interest Inoperative Accounts_36 Months.pdf