Dear friends, No interest will be provided on inoperative PF Accounts (i.e. accounts having no transactions for 3 years) from April 2011 onwards. Pl see attached circular on this issue. Regards,
From India, Malappuram
1444From India, Malappuram
thanks for sharing
[
QUOTE=pca;1415718]Dear friends,
No interest will be provided on inoperative PF Accounts (i.e. accounts having no transactions for 3 years) from April 2011 onwards. Pl see attached circular on this issue.
Regards,[/QUOTE]
From India, New Delhi
[
QUOTE=pca;1415718]Dear friends,
No interest will be provided on inoperative PF Accounts (i.e. accounts having no transactions for 3 years) from April 2011 onwards. Pl see attached circular on this issue.
Regards,[/QUOTE]
From India, New Delhi
Dear PCA,
Good post;
This is a good move.
Tries to inculcate a saving habit.
Three years can be termed as 1000+ days or 36 Months.
Considering the interest rate, is it not worth to do, at least, one transaction in 3 years?
Those who oppose this move are doing only lip service.
Compare with Bank's Savings Account - if there's no transactions, even for one year, the account is being frozen. Read their valid justification(s).
Take a call based on holistic view and long term implications.
From India, Madras
Good post;
This is a good move.
Tries to inculcate a saving habit.
Three years can be termed as 1000+ days or 36 Months.
Considering the interest rate, is it not worth to do, at least, one transaction in 3 years?
Those who oppose this move are doing only lip service.
Compare with Bank's Savings Account - if there's no transactions, even for one year, the account is being frozen. Read their valid justification(s).
Take a call based on holistic view and long term implications.
From India, Madras
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Interest Inoperative Accounts_36 Months.pdf