Srinath Sai Ram
Hr Manager
+1 Other

Thread Started by #STPL2016

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
10th January 2018 From India, Mumbai
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
10th January 2018 From India, New Delhi

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File Type: pdf Circular_EPF_Interest_2016-17.pdf (270.8 KB, 59 views)

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.
8th May 2018 From India, Delhi
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