If the employee’s PF contribution is in the PF Trust, then does the government pay interest on it or not?
From India, Ahmedabad
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From India, Ahmedabad
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Interest on PF Deposits in Company-Owned Trusts
How can the government or EPFO pay interest on any PF deposited in a company-owned PF trust? You will get interest on deposits maintained in the bank, but will you get interest if cash is put in a box in your house? Interest to the members who contribute to a PF Trust will be paid by the company and not by the government/EPFO. Normally, the rate of interest will be higher than that declared by the EPFO from time to time.
From India, Kannur
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4526How can the government or EPFO pay interest on any PF deposited in a company-owned PF trust? You will get interest on deposits maintained in the bank, but will you get interest if cash is put in a box in your house? Interest to the members who contribute to a PF Trust will be paid by the company and not by the government/EPFO. Normally, the rate of interest will be higher than that declared by the EPFO from time to time.
From India, Kannur
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Online payment of PF mandatory from 1.1.2016.pdf
Employee Benefits.doc