This query is regarding the payment of interest on PF of an employee who has resigned. Can anybody help with a copy of the PF circular regarding payment of interest on unclaimed PF contribution, even after resigning from service? Till what period is the employer/trust liable to pay interest on the PF accumulation after the employee has resigned and has not claimed the PF balance.
For example, if he had resigned on 31-12-2019 and submit his request for payment of PF dues on 01-10-2021. Is the interest payable for the period 01-01-2020 to the date of actual payment of dues to the employee. If so, the PF circular on this may also be shared, please.
For example, if he had resigned on 31-12-2019 and submit his request for payment of PF dues on 01-10-2021. Is the interest payable for the period 01-01-2020 to the date of actual payment of dues to the employee. If so, the PF circular on this may also be shared, please.