Understanding Your PF Balance: How to Calculate Your Updated Amount with Interest?

Hi, my PF balance shows an EE amount of 83,271 and an ER amount of 48,363 as of 01-09-11 (account updated up to 31-03-2010). Can someone please tell me the approximate updated balance I would receive, including the interest? Awaiting response.

I filled out the PF withdrawal form three months ago. On the website, the status is showing as "Under Process." However, when we call the PF office, no one picks up the call. I have also sent multiple emails to the provided email ID of the respective PF office, but no one has responded. I have also lodged a grievance on the website, but there has been no response yet. Can you please advise me on what to do next? Who can I contact to address this issue?

Regards,
Sourabh

Dear Chandan, definitely, you can. You can even calculate the 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.

Hey Guys, I submitted a query on the EPF claims and received a message that the application has been received on 01-10-11 and is under process. Can anyone tell me the estimated time for the PF amount to be credited to the bank account?

Thanks,
Chandan Bhola

Your Provident Fund interest calculation tool is very easy and helpful. It would be greatly appreciated if you could send the updated file (up to 2013-14) as an attachment. Thanks in advance.

Regards,
Jatin

My query is that my employer calculates the EPF accumulation from March to February, whereas there are two different rates of interest. Is my employer making any mistake? The PF amount is deposited in a Trust managed by the Employer.

As per your formula, it is difficult to calculate interest. Please do the needful.

Regards,
Jagannath Pandit