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Thread Started by #gautami-bhandare

I have downloaded PF passbook and found that interest for year 2017-2018 has not been credited on 31 March 2018 when is this amount credited?
If I withdraw my PF now before interest is credited will I lose the interest for one year?
8th April 2018 From India, Mumbai
Dear Anamika, Please don't be in a hurry.Circular for crediting interest for FY 2017-18 is not yet released.Please wait for some time
8th April 2018 From India, New Delhi
Interest is credited as on 31 Mar 2018 on completion of F/Y 2017-18.
My PPF a/c has been updated and credited with interest for previous F/Y.
Check with the bank.
8th April 2018 From India, Pune
The question relates to EPF and not PPF. Yes, the interest has not yet been credited in EPF for the FY 2017-18
4th May 2018 From India, Delhi
The PF interest rate is decided early in the year 2017 for the financial year 2017-18. So the interest calculation should have automatically happen and get credited on 31-Mar-18 similar to the PPF accounts with the banks/post offices.
Why is this not happening with EPF? Does that mean the government does not have that much money yet?
5th May 2018 From India, Bengaluru
The EPF interest for the FY 2017-18 was decided by the GoI only on 22/Feb/2018 to be at 8.55% (from the earlier rate of 8.65% for 2016-17). Once the announcement is made, the EPFO calculates the interest and applies to all the accounts, and is normally completed by April but you will see the entry back dated as 'March' in the EPF Passbook. Not sure what is happening this year, the interest is not yet credited to the members' account even after 2 months from the announcement of the rate.
5th May 2018 From India, Delhi
Latest:
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
EPF interest not credited till 22nd May'18. All these years, it was happening before April contribution itself. Why so much delay and uncertainty this year? I am facing another issue - i deposited back excess withdrawal PF amount in Sept'17 itself.. so far it is not showing in my Passbook. Am afraid how poorly PF is managed !!??
22nd May 2018 From India, Bengaluru
Yes, the EPF interest for FY 2017-18 has not yet been created as the rate (8.55% ) was finalised very late by the EPFO. To make matters worse, the same was not approved by MoF in time (Karnataka elections was cited as one of the reasons!), and there is no news, yet, if the same has been approved. Yes, it is unfortunate that even after 2 full months, the interest has not been added to the accounts; not sure how many EPF members were adversely affected by this inordinate delay.
As far your excess withdrawal deposited into EPF accounts is not accounted, do get in touch with the your respective EPF office/in person and try to sort things out. Or, raise a complaint with the regional office concerned.
23rd May 2018 From India, Delhi
February contribution and the interest of annual year 2017-18 both are not showing in my passbook.. What's the reason behind it..??
23rd May 2018 From India, Patna
Interest is not credited to any one, for FY 2017-18.
But, if your Feb contribution is not appearing in your passbook, then there is a mistake in updation: please visit your nearest EPF office and get that clarified. Or you can write to or call 1800118005
24th May 2018 From India, Delhi
Hi,
the interest is not yet credited to the account. does any one have an idea as to when will it get credited and how much time does it take to withdraw the amount
25th May 2018 From India, Kolkata
No one know when the interest will be credited to individual accounts.
As far as the time taken for withdrawal of amount, if you submit the request online at UAN's website (https://unifiedportal-mem.epfindia.g...mberinterface/), you will get the amount in your bank in a week's time.
Regarding the details as to when one can withdraw, and how much etc please read at https://cleartax.in/s/epf-withdrawal-online
25th May 2018 From India, Delhi
I got to know that in order to withdraw online , the ex employer needs to update our pf portal with the date of joining and leaving the organisation. Is it true and if yes what is the other way to withdraw the same as my ex employer is not updating it and he wants me to submit the papers physically
25th May 2018 From India, Kolkata
If the withdrawal amount is >Rs.10,00,000, it is mandatory that the request is submitted online
26th May 2018 From India, Delhi
Update on EPF interest for 2017-18:
Only on yesterday (Friday, 25th May 2018), the Government has okayed the payment of 8.55% as the interest for the FY 2017-18. EPFO has already advised the offices to credit the interest into individual accounts. My guess is that this should appear in the passbook within a week's time from now.
26th May 2018 From India, Delhi

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If we claim for withdrawal now as in today, will we get the interest amount due for 2017-18 at the time of settlement as it is still not showing in our passbook?
28th May 2018 From India, Kolkata
Yes, you are right, the interest will get credited in the mean time
28th May 2018 From India, Delhi
Government took its own sweet time due to red tape and laziness to approve the interest rate. Some papers reported this delay was due to election code!! Can you believe it? The interest credit should happen on 31-Mar every year just like bank interest. Why election code would come in between?
29th May 2018 From India, Bengaluru
Did anyone receive the interest entry in the passbook for March 2018?
6th June 2018 From India, Delhi
No, i havent got .. doed anyone got?
7th June 2018 From India, Hyderabad
It is now 7th June and the interest is still not appearing in the PF passbook.
7th June 2018 From India, Bengaluru
If i withdraw the pf amount today will i get the interest due for 2017-2018 at the time of settlement.??
19th June 2018 From India, Kolkata
Hi All, I would like to inform you that, EPF interest of year 2017-18 has been credited in EPF account as I checked my PF account.
Check now.
23rd June 2018 From India, Delhi
I checked just now and it is still not credited for me
23rd June 2018 From India, Mumbai
I have checked now but still EPF interest of year 2017-18 is not credited.
23rd June 2018
The interest for FY 2017-18 has not yet been credited into the account. (The monthly contribution for June'18 has been updated, though). Not sure why this is taking so much time to credit the interest into the respective accounts... Of course, that is how a government office functions...
25th June 2018 From India, Delhi
I transferred my old PF amount to new PF account, so it has been done & also reflecting EPF interest of 2017-18. I'm sure about my PF account that EPF interest of 2017-18 has been credited in my PF account.
25th June 2018 From India, Delhi
I think they shall skip this quarter due to some numbers game and will credit it along with July's contribution.
26th June 2018 From India, undefined
Hi All,
The interest for FY 2017-18 is not reflecting in my PF passbook yet. If i put a request for withdrawal of PF will my interest be paid now or will it remain pending. Please help.
Regards
27th June 2018 From India, Ludhiana
Hi All,
The interest for FY 2017-18 is not reflecting in my PF passbook yet.
3rd July 2018 From India, Pune
Even with all the computerization and automation, EPFO is still working at snail's pace
5th July 2018 From India, Bengaluru
It's 5th July, 2018, and interest is not credited yet in my EPF account. Anyone else received the interest?
5th July 2018
I have not received the interest yet for FY 2017-18
5th July 2018 From India, Chennai
The interest for FY 2017-18 is not reflecting in my PF passbook. If i withdraw a PF amount means afterthat whether they will put interest for FY 2017-18 or not. Please anyone clarify me.
5th July 2018
We are sitting on 10th of July and i still don't see my interest for EPF reflecting for the year 2017 - 18.
Any idea as to when would it be credited.
10th July 2018 From India, Pune
Still EPF interest not credited in passbook on 31 march 2018
I want to Withdraw total money what can do Plzzzzzz any one Suggest me
10th July 2018 From India, Hyderabad
We are already on July 12th 2018 and the EPF interest is not visible in the account. Can somebody help with the escalation process in the Government for the delay
12th July 2018 From India, Bhopal
I was also waiting for PF interest not credited for 2017-18 Year. Please let me know when it will be credited in this year only ?
15th July 2018 From India, Bengaluru
#Anonymous
It will be added in August 2018.
17th July 2018 From India, Delhi
#Anonymous
It will be added in August 2018 or may be in March 2019. Modi can do anything
17th July 2018 From India, Delhi
#Anonymous
intrest expected on 23rd July 2 0 1 8
21st July 2018 From India, Delhi
#Anonymous
Per last interaction with EPFO office, July 23rd is supposedly the day when the interest will be credited. Fingers crossed.
21st July 2018 From India, Delhi
Its July 24, 3pm. I still dont see the interest credited yet. Did anyone else received ?
24th July 2018 From Israel, Tel Aviv
Its July 24, 3.30pm.
I have a doubt, it is almost 4 months late in crediting interest. So will we get the interest on this 4 months interest in the next year?
24th July 2018 From United States, Plymouth
Absolute this government is. When it comes to us paying it would be done immediately but when it comes to getting our own money it takes ages..
Absolute rubbish government which has almost broken the back bone of the middle class honest taxpayers.
24th July 2018 From India, Pune
Why it happens with salaries people everytime. Paying tax is not enough ?
It is also bad that their UAN portal doesn't have enough flexibility to update the details too. Their toll free number keeps busy whole day. I am totally frustrated with this.
When considering these things, Should I do my work or just take follow up for my money everytime?
25th July 2018 From India, Gurgaon
Still I don't see interest credit. Could someone clarify if the interest will be credited with back date (31-March-2018). If not what will happen to the interest (of the interest) for the four months in current year.
26th July 2018 From India, Chennai
#Anonymous
yes it will be on back date 31st march 2018
26th July 2018 From India, Delhi
I am also withdrawing PF but interest for 2017-18 is not credited, I have already applied, do EPFO will settle my claim along with interest or without interest
26th July 2018 From India, Shimla

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