Hi, my PF balance shows EE amount 83,271 and ER amount 48,363 as of 01-09-11 (account updated up to 31-03-2010). Can someone please tell me the approximate updated balance I would receive, including the interest? Awaiting response.
From India, Delhi
Acknowledge(3)
Amend(0)
5From India, Delhi
Acknowledge(3)Amend(0)
I filled out the PF withdrawal form three months ago. On the website, the status is showing as "Under Process." However, when we call the PF office, no one picks up the call. I have also sent multiple emails to the provided email ID of the respective PF office, but no one has responded. I have also lodged a grievance on the website, but there has been no response yet. Can you please advise me on what to do next? Who can I contact to address this issue? Regards, Sourabh
From India, Delhi
Acknowledge(0)Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
Dear Chandan,
Definitely, you can. You can even calculate the exact balance along with interest on your PF account as follows: Take the closing balance (CB) of the last year, say 2008-09, and treat that as your opening balance (OB) for the year 2009-10. You can cast OB & CB of each month as follows:
April 2010: OB (+) total subscription of the month (-) withdrawal (if any) = CB
May 2010: OB, i.e., CB of April (+) subscription of the month (-) withdrawal = CB
AND SO ON for every month up to March 2011.
ADD all CBs of 12 months and DIVIDE by 12 = Average yearly CB at the end of March 2011.
To this CB, multiply with the approved rate of interest/100. Last CB + interest will be your balance for 2010-11. Similarly, you can calculate for 2011-12 and onwards every year.
From India, Delhi
Acknowledge(0)Amend(0)
Definitely, you can. You can even calculate the exact balance along with interest on your PF account as follows: Take the closing balance (CB) of the last year, say 2008-09, and treat that as your opening balance (OB) for the year 2009-10. You can cast OB & CB of each month as follows:
April 2010: OB (+) total subscription of the month (-) withdrawal (if any) = CB
May 2010: OB, i.e., CB of April (+) subscription of the month (-) withdrawal = CB
AND SO ON for every month up to March 2011.
ADD all CBs of 12 months and DIVIDE by 12 = Average yearly CB at the end of March 2011.
To this CB, multiply with the approved rate of interest/100. Last CB + interest will be your balance for 2010-11. Similarly, you can calculate for 2011-12 and onwards every year.
From India, Delhi
Acknowledge(0)Amend(0)
Hey Guys,
I submitted a query on the EPF claims and received a message that the application has been received on 1-10-11 and is under process. Can anyone tell me the estimated time for the PF amount to be credited to the bank account?
Thanks,
Chandan Bhola
From India, Delhi
Acknowledge(0)Amend(0)
I submitted a query on the EPF claims and received a message that the application has been received on 1-10-11 and is under process. Can anyone tell me the estimated time for the PF amount to be credited to the bank account?
Thanks,
Chandan Bhola
From India, Delhi
Acknowledge(0)Amend(0)
Your Provident Fund interest calculation tool is very easy and helpful. It would be greatly appreciated if you could send the updated file (up to 2013-14) as an attachment. Thanks in advance.
Regards,
Jatin
From India, Pune
Acknowledge(0)Amend(0)
Regards,
Jatin
From India, Pune
Acknowledge(0)Amend(0)
My query is that my employer calculates the EPF accumulation from March to February, whereas there are two different rates of interest. Is my employer making any mistake? The PF amount is deposited in a Trust managed by the Employer.
As per your formula, it is difficult to calculate interest. Please do the needful.
Regards,
Jagannath Pandit
From India, Mumbai
Acknowledge(0)Amend(0)
As per your formula, it is difficult to calculate interest. Please do the needful.
Regards,
Jagannath Pandit
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
Provident Fund interest Calculation Tool -97-03.xls