I moved from a company who had his own trust to a new company whose trust is maintained by Regional PF office. My previous employer processed the transfer out cheque on 6th March after calculating the interest till that date. I submitted the check and annexture-K copy to regional PF office where my new account is maintained very next day. But, Regional PF office took almost 4 month to process this transfer claim and finally settled on 6th July after many follow ups. As per my previous employer, check was realised on 28th March but PF office took another 3 month for further processing even after check realisation.
My question is - From what date, PF office will pay interest on the amount that is transferred from previous company. I am guessing that they would pay from 6th July. If it is true, for no fault of mine, I will be loosing interest for 4 months. At-least, i should get from the date on which check is realised as amount is transferred to regional PF office account on that day itself and it is earning interest.
From India, Bengaluru
My question is - From what date, PF office will pay interest on the amount that is transferred from previous company. I am guessing that they would pay from 6th July. If it is true, for no fault of mine, I will be loosing interest for 4 months. At-least, i should get from the date on which check is realised as amount is transferred to regional PF office account on that day itself and it is earning interest.
From India, Bengaluru
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EPF Interest 2008-2009.pdf
EPF Interest Calculator.xls