I am in serious doubt regarding the interest rules of Inoperative PF Accounts. One of my previous organizations has an exempted PF Trust. I left the organization on 30-Sep-2008. I have NOT withdrawn or transferred the PF.
Interest on Inoperative PF Accounts
My question is very simple. TILL WHICH DATE SHOULD I GET INTEREST IN THIS ACCOUNT? To my knowledge, it should be till 30-Sep-2011, but my employer has stopped giving interest from April 2011 onwards.
From India, Mumbai
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1Interest on Inoperative PF Accounts
My question is very simple. TILL WHICH DATE SHOULD I GET INTEREST IN THIS ACCOUNT? To my knowledge, it should be till 30-Sep-2011, but my employer has stopped giving interest from April 2011 onwards.
From India, Mumbai
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I have a similar query. I have worked for 4.5 years in a company, and this is my first company; I have resigned now. I am taking a break in my career for approximately 1-2 years. Can I leave my PF amount in the PF account during the period when I am not working? Is it okay to not withdraw the PF amount even when I am not employed? Assuming it is okay to leave the PF account, will my PF account still be earning any interest on the deposited amount? Please help me.
From India, Bangalore
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From India, Bangalore
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With effect from 1st April 2011, no interest shall be paid on inoperative accounts. An inoperative account is one in which there has been no contribution made for the three preceding years. Members should either transfer the account to a new establishment or opt for withdrawal.
Regards, Swapnil
From India, Pune
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Regards, Swapnil
From India, Pune
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Dear All. Plz. find herewith attached EPFO circular related to inoperative accounts will help you Regards Amit Trada 9712343947 Surat_Gujarat
From India, Ahmadabad
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From India, Ahmadabad
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Though the post is old, the FINANCIAL YEAR is till APRIL 2011 (i.e., March-April cycle), so interest will be only till 31st April 2011 (notification date regarding the 3-year limit for interest).........
Regards,
ds
Attribution: https://www.citehr.com/386181-intere...#ixzz34JSa6mLl
From India, Delhi
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Regards,
ds
Attribution: https://www.citehr.com/386181-intere...#ixzz34JSa6mLl
From India, Delhi
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PF WITHDRAWAL RULES.zip
Early PF withdrawal won’t be easy.pdf