Hi,
My PF contribution amount is around 3 lakhs, whereas interest should get credited approximately 25000 (if interest rate is 8.65%). but i am observing very less which is around 9000. Could any one guide me, how should i get resolve this issue.
Few details related to my PF account which may help you
1. I worked for 3 companies and transferred all old PF accounts
2. i worked in each company around 2 to 3 years
Thanks Seshu
From India, Hyderabad
My PF contribution amount is around 3 lakhs, whereas interest should get credited approximately 25000 (if interest rate is 8.65%). but i am observing very less which is around 9000. Could any one guide me, how should i get resolve this issue.
Few details related to my PF account which may help you
1. I worked for 3 companies and transferred all old PF accounts
2. i worked in each company around 2 to 3 years
Thanks Seshu
From India, Hyderabad
PF constitutes of employee & employer contributions of 12%. The details are as follows:
Scheme Name Employee contribution Employer contribution Total
Employee provident fund 12% 3.67% 15.67%
Employees' Pension scheme 0 8.33% 8.33%
PF Member accrues interest on 15.67% of total contributions, and not on 24%.
From India, Mumbai
264Scheme Name Employee contribution Employer contribution Total
Employee provident fund 12% 3.67% 15.67%
Employees' Pension scheme 0 8.33% 8.33%
PF Member accrues interest on 15.67% of total contributions, and not on 24%.
From India, Mumbai
I suggest you go and speak to the PRO in the PF Department / RPFC office. They are helpful and will tell you why and how it is computed
From India, Mumbai
From India, Mumbai
Dear Mr Dasari Sesha,
have you downloaded your latest Member Pass Book? Please note that Employer Contribution to EPS @8.33% maximum up to will not earn any interest & the same is not reflected in Member Balance.I am sure your calculation is with out any documentary evidence.Please download the same & revert if there is any factual errors.
From India, New Delhi
have you downloaded your latest Member Pass Book? Please note that Employer Contribution to EPS @8.33% maximum up to will not earn any interest & the same is not reflected in Member Balance.I am sure your calculation is with out any documentary evidence.Please download the same & revert if there is any factual errors.
From India, New Delhi
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