I wanted to know about how the interest is credited on PF of each individual UAN account. Is it will show in the closing of financial year???? What exactly the process ? & if interest is not credited / (updated passbook) by govt the then how we will know???
Thanks & Regards
Medha
From India, Mumbai
3Thanks & Regards
Medha
From India, Mumbai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
+1 Other
PF Interest is Credited Annually, after completion of FY.FY-April to March.For FY 2016-17 Interest is Credited @8.65%. Please find PF Circular to that effect.Interest for FY 2017-18 will be declared in April-2018.Interest Credited is reflected in EPF Pass Book separately
From India, New Delhi
From India, New Delhi
The Central Board of Trustees (the apex decision making body of EPFO) headed by the labour minister has decided (in a meeting held on 21 Feb 2018) for an interest rate of 8.55% for the FY 2017-18, the same has not yet been concurred by Ministry of Finance. Hence the delay in getting the interest for the FY 2017-18. The Ministry of Finance is expected to provide the OK any time this week.
From India, Delhi
From India, Delhi
If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of our support system - Please Register and Log In to CiteHR.
Circular on PF Damage & Interest Calculations.pd f
Places of Interest in Bangalore.xls