If the employee’s PF contribution is in the PF Trust, then does the government pay interest on it or not?
From India, Ahmedabad
From India, Ahmedabad
How can the government or EPFO pay interest on any PF deposited in the company owned PF trust? You will get interest on deposits maintained in Bank but will you get interest if cash is put in a box in your house? Interest to the members who contribute to PF Trust will be paid by the company and not by the government / EPFO. Normally the rate of interest will be higher than that declared by the EPFO from time to time.
From India, Kannur
4200From India, Kannur
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Circular on PF Damage & Interest Calculations.pd f
PF Interest calc.xls