First of all, it doesn't even matter if the interest is showing on your passbook or not. Even if it is not showing on the passbook, and you try to withdraw money from your PF account, you will receive interest till date. The update on the passbook is only academic.
Secondly, if it will show on the passbook for everyone by the end of the year, how does this statement get justified? "There will be no interest paid for 2017-2018. That is the decision taken today."
From India, undefined
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1Secondly, if it will show on the passbook for everyone by the end of the year, how does this statement get justified? "There will be no interest paid for 2017-2018. That is the decision taken today."
From India, undefined
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I had withdraw partial 4L from account but still not showing interest for 2017- 18.
From India, New Delhi
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From India, New Delhi
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Hi All, Just checked EPFO passbook and found PF interest credited entry for FY 2017 -18 Do check yours... Regards Amit Mumbai
From India, Mumbai
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From India, Mumbai
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It's the end of September, and the interest for PF has still not credited to my account. Is there an update on this anymore? Is there anyone who has received this interest for FY 2017-18? I have tried calling the PF call center but cannot get through any day.
From India, Pune
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From India, Pune
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If you are withdrawing your PF, you will be credited the entire amount along with interest till date. I withdrew recently, and the interest till date was credited to my account, even though the same was not reflecting in my passbook before I requested for withdrawal.
From India, Kolkata
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From India, Kolkata
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Interest for FY 2017-2018 has been credited, Surat, Gujarat.
From India, Surat
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From India, Surat
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Dear sagarwal, Please note that PF Interest is Credited for FY 2017-18 I.E FROM 01/04/2018 TO 31/03/2018, Not till date.For your information
From India, New Delhi
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From India, New Delhi
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i agree, i do not see any interest for period 1-4-2017 to 31-03-2018 for Bengaluru region.
From India, New Delhi
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From India, New Delhi
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Hi,
The indicated date of 30th Sep '18 has passed, yet the interest component still does not reflect in the Passbook. #AchcheDin ^_^
For more information, you can visit: [Economic Times - EPF Account Interest for FY 2017-18 Still Not Credited](https://economictimes.indiatimes.com/wealth/personal-finance-news/epf-account-interest-for-fy-2017-18-still-not-credited-heres-what-we-know-so-far/articleshow/65764703.cms)
From India, Bhopal
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The indicated date of 30th Sep '18 has passed, yet the interest component still does not reflect in the Passbook. #AchcheDin ^_^
For more information, you can visit: [Economic Times - EPF Account Interest for FY 2017-18 Still Not Credited](https://economictimes.indiatimes.com/wealth/personal-finance-news/epf-account-interest-for-fy-2017-18-still-not-credited-heres-what-we-know-so-far/articleshow/65764703.cms)
From India, Bhopal
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Hi,
Even though the indicated deadline of 30th Sep '18 has passed, the interest component is nowhere to be seen in the passbook. #AchcheDin ^_^
https://economictimes.indiatimes.com...w/65764703.cms
From India, Bhopal
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Even though the indicated deadline of 30th Sep '18 has passed, the interest component is nowhere to be seen in the passbook. #AchcheDin ^_^
https://economictimes.indiatimes.com...w/65764703.cms
From India, Bhopal
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Interest rates would get credited one day or the other, or at least for sure during withdrawal. The real problem is the lack of communication to the EPFO subscribers. Why are we paying administrative charges?
From India, Bengaluru
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From India, Bengaluru
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My Company’s head office is in Bengaluru. I had withdraw partial 4L from account but still not showing interest for 2017- 18.
From India, New Delhi
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From India, New Delhi
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Ditto for me. We are on 9th Oct, and I still haven't received the interest for the EPF account. On writing to them, they haven't given a specific date, but the only response was that annual accounts are being done, and the interest will be credited post that.
From India , Delhi
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From India , Delhi
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I hope interest will get credited into my account by end of this month.
From India, New Delhi
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From India, New Delhi
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With great displeasure, I wanted everyone to know that my interest hasn't still been credited to my passbook despite writing to the officials about the same. Every time I write to them, I get the same answer of some annual accounts happening, and we are sitting today on 25 Oct 2018, and we don't have a revert. Now, this is a true example of "Ache din."
From India , Delhi
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From India , Delhi
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30th Oct also over, no interest credited in pass book. This seems like an endless wait
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Dear All ++++++++++++++ Thanks for your inputs. Wish a happy and prosperous festival of lights, DIWALI +++++++++++++
From India, New Delhi
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From India, New Delhi
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My office is in BAngalore. Today i can see the interest for 2017-18 in my pf account after a long wait. Thank god!
From India, New Delhi
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From India, New Delhi
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Anyone from Hyderabad offices got their pf account updated with interest amount?
From United States, Kansas City
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From United States, Kansas City
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Looks like it's too much delay, more than 8 months, in crediting the PF interest for the year 2017-18. This is not acceptable whatsoever the reason - either a new software update, checking the validity of PF accounts, or whether they are active or not.
Delay is delay. The way the government deducts tax every month and the company pays to the Government of India, yet they ask us to file IT returns. If there is a delay, they start charging penalties. The government should be held accountable, and deadlines should be measurable.
This is a disgusting delay.
From United States
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Delay is delay. The way the government deducts tax every month and the company pays to the Government of India, yet they ask us to file IT returns. If there is a delay, they start charging penalties. The government should be held accountable, and deadlines should be measurable.
This is a disgusting delay.
From United States
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Gurgaon officers members get intrest credited or not till now??????
From India, New Delhi
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From India, New Delhi
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Chennai Office PF also not credited. Yes, this delay is disgusting. Govt is taking us for a ride....
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This is ache din and what you see jhumla sarkar .. working 18 hours a day.. Making fool out of people..
From India , Delhi
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From India , Delhi
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Hi Team, Any idea when the chennai office will post the interest in Indiviual account for FY 18-19. Thanks, Venkatanarayanan
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Dear Everyone,
Such a shame on EPFO... 14th Jan 2019, and when I check my PF passbook, the interest for 2017-18 is yet to be credited to my account. Location: Bangalore (EPFO - KR Puram branch). I have sent several emails as they never pick up their phone, but there has been no reply even to my emails. I hope the white-collared individuals get what is due to them.
Is there a way to raise a complaint on a mass basis? If yes, then please let me know.
Regards,
Gaurav
From India, Bengaluru
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Such a shame on EPFO... 14th Jan 2019, and when I check my PF passbook, the interest for 2017-18 is yet to be credited to my account. Location: Bangalore (EPFO - KR Puram branch). I have sent several emails as they never pick up their phone, but there has been no reply even to my emails. I hope the white-collared individuals get what is due to them.
Is there a way to raise a complaint on a mass basis? If yes, then please let me know.
Regards,
Gaurav
From India, Bengaluru
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I am also having PF account with Bangalore EPFO. Interest in my account get credited around 6-7 Nov 2018
From India, New Delhi
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From India, New Delhi
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In the first week of February, there is still NO credit of EPFO interest so far for 2017/18. In 2 months, we would have a pending due of 2 years. Twitter, Grievance, etc., have not provided any good lead so far. This is from the Gurgaon EPFO office.
From India, New Delhi
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From India, New Delhi
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Circulars for crediting interest are released by the government from time to time. You need to wait if it is not credited. However, to check your EPF balance or make online transfers to your account, you must activate your UAN number.
To learn more about UAN, visit this blog post today: https://www.bajajfinserv.in/insights...z-guide-on-uan
From India
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To learn more about UAN, visit this blog post today: https://www.bajajfinserv.in/insights...z-guide-on-uan
From India
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Finally I can see my 2018-19 interest in my account. My EPF is belongs to Hyderabad.
From United States, Kansas City
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From United States, Kansas City
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Grievance raised again, and got the following reply (and they have closed the case) -
"Sir/Ma'am, it is to state that the details have been downloaded and forwarded to the concerned section. You will be informed as soon as the report is received."
The above is from the Gurgaon EPFO office.
From India, New Delhi
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"Sir/Ma'am, it is to state that the details have been downloaded and forwarded to the concerned section. You will be informed as soon as the report is received."
The above is from the Gurgaon EPFO office.
From India, New Delhi
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I am an employee of an unexempted organization under RPFC Rajkot, EPFO, since 1988. Whenever I download my Member Passbook, I could not find the interest in the passbook. It shows only Employee contribution and Employer contribution. How can I check the interest on the whole contribution? Somebody, please guide me.
From India
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From India
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You can check your Interest on your whole by below calculation: Total EPF contribution every month=Employee’s contribution towards EPF +Employer’s contribution towards EPF
From India, Mumbai
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From India, Mumbai
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Hi,
My closing balance on 31st March 2018 was EE 3,49,579 and ER 1,97,283, for which interest credited on 31st March 2019 is EE 27,398 and ER 15,462. I am aware that the interest is not credited for the Year 2018-19. But I assume that interest is credited only because I have requested a balance transfer (on 15th June 2019) to the new employer's account.
I must appreciate the EPFO Kandivali2 for making the quick transfer, but I noticed that the interest is paid out at 7.84% instead of the declared 8.65%. Can somebody explain if:
1) Is this an interim interest payout or is it the final?
2) If final, then why the lesser payout?
Note: I have made no withdrawals or deposits in the last two financial years, and for the financial year 2017-18, the interest payout is calculated correctly at the declared rate of 8.55%.
From India, Mumbai
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My closing balance on 31st March 2018 was EE 3,49,579 and ER 1,97,283, for which interest credited on 31st March 2019 is EE 27,398 and ER 15,462. I am aware that the interest is not credited for the Year 2018-19. But I assume that interest is credited only because I have requested a balance transfer (on 15th June 2019) to the new employer's account.
I must appreciate the EPFO Kandivali2 for making the quick transfer, but I noticed that the interest is paid out at 7.84% instead of the declared 8.65%. Can somebody explain if:
1) Is this an interim interest payout or is it the final?
2) If final, then why the lesser payout?
Note: I have made no withdrawals or deposits in the last two financial years, and for the financial year 2017-18, the interest payout is calculated correctly at the declared rate of 8.55%.
From India, Mumbai
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It's July and still, the EPF interest amount has not been credited. They have failed to process the deposit for the 2018-19 interest amount like they did for 2017-18. I don't understand why we have automation in place then.
From United States, Kansas City
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From United States, Kansas City
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Hi All,
Last year for FY 2017-18, PF interest got credited on 24th September 2018 (instead of March 2018, Mumbai area). Now it's FY 2018-19, and we are in the middle of July 2019, but PF interest is still not credited. Whom to blame? I think the government is still calculating it.
Regards,
Amit
From India, Mumbai
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Last year for FY 2017-18, PF interest got credited on 24th September 2018 (instead of March 2018, Mumbai area). Now it's FY 2018-19, and we are in the middle of July 2019, but PF interest is still not credited. Whom to blame? I think the government is still calculating it.
Regards,
Amit
From India, Mumbai
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So it's almost September 2019 now, and the interest for FY 2018-19 has not yet been credited. In this digitized era, I would expect it should have been in by 31st March 2019 or at least sometime in April. Last year's interest got credited only in Jan 2019 with a backdated March 2018 entry.
Anyway, the question is: if every month the interest is calculated on the balance available in the account for that month, wouldn't we get lesser interest due to this amount not being credited on time? In the above example, since I got the 2017-18 interest only in Jan 2019, the base amount is lesser by that much and so would I have lost the extra interest from April 18 - Dec 18 calculation? Does anyone know exactly how this calculation is done?
From India, Salem
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Anyway, the question is: if every month the interest is calculated on the balance available in the account for that month, wouldn't we get lesser interest due to this amount not being credited on time? In the above example, since I got the 2017-18 interest only in Jan 2019, the base amount is lesser by that much and so would I have lost the extra interest from April 18 - Dec 18 calculation? Does anyone know exactly how this calculation is done?
From India, Salem
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