Are you a salaried Employee? Do you contribute a portion of your monthly salary towards Employees’ Provident Fund (EPF)? Are you aware that your employer also contributes a matching amount towards your EPF account? Do you know about the various components of your employer’s PF contribution? Are you aware of ‘how interest is calculated on your monthly subscriptions to Provident Fund?

I was in need of the EPF statement to resolve all the above queries and answer them in a simple and easy to understand manner. Since I am a self employed individual, I can’t contribute to Employees provident Fund and do not have online access to EPF UAN (Universal Account Number) member portal. *(You can view or download your EPF statement online @ EPFO’s UAN Member Portal)*

Many thanks to one of my good friends for sharing his latest employees’ provident fund statement and that has helped me in preparing this post. Before analyzing the EPF statement and how EPF’s interest is calculated, let us first understand the various components of EPF.

**What are the Components of my Employees Provident Fund (EPF account)?**

If you take out your monthly pay-slip and check, you can understand that every month 12% of your “**salary**” is contributed towards EPF account. Your total monthly contribution is routed towards Employees’ Provident Fund.

Your employer also contributes 12% of the salary to your EPF a/c. But your employer’s monthly contribution is routed towards various components of PF.

Out of this 12% of your employer’s monthly contribution, 8.33% goes towards **EPS (Employees Pension Scheme)** and only 3.67% is invested in Employees’ Provident Fund (EPF). So, you contribute 12% of your basic salary and your employer contributes 3.6% of your basic salary towards EPF deposits.

**What are the new amendments made to EPF & EPS schemes?**

Below are the amendments/changes made to EPFO’s EPS scheme in August 2014. *(EPFO is Employees’ Provident Fund Organisation)*

- EPF a/c is mandatory if your salary is less than Rs 15,000 pm. Previously this amount was limited to Rs 6,500 pm.
**(The definition of SALARY for EPF calculation is : Salary = Basic + Dearness Allowance)** - As mentioned above, you contribute certain portion of your monthly salary towards EPS (Pension). You receive the pension amount from this Employees’ Pension Scheme. The minimum pension to a pension holder is now decided as Rs 1,000 pm.
- The EPF’s account holder can nominate any family member as a nominee. On any unfortunate event (on death), the family member of the EPF subscriber will receive Rs 3 Lakh as insurance coverage. Previously this was around Rs 1.56 Lakh only. (Do not forget to inform your nominee about this provision).
- The minimum contribution used to be 12% of Rs 6,500 in most of the employees’ cases, now this is 12% of Rs 15,000 pm.
**So, you may now be depositing Rs 1,800 towards EPF. Whereas, you employer may now be contributing Rs 550 pm and Rs 1,250 pm towards EPF and EPS (pension) respectively.**

Kindly note that the above figures are for minimum contributions. Check your pay-slip or EPF statement to know about your employer’s and your contribution percentages.

**Understanding the components/sections in EPF online Statement: **Above is the latest EPF online statement (Sep 2012 to Dec 2014) that I have received from my friend. Let us understand the different sections available in EPF statement.

- The first column (PARTICULARS) gives you the particulars of month-wise contributions, interest updated date and about the executed PF transfers/withdrawals (if any)
- The second column has two sections which gives you information about your employer’s and your share towards EPF deposit.
- PF Withdrawals are listed under third column.
- Your Employer’s contributions towards your EPS (pension) is provided here.
- With reference to the above EPF statement, you can observe that Rs 780 and Rs 239 (12% of Rs 6500 pm) used to be employer’s and Employee’s contributions towards EPF account. These are now (after September 2014) changed to Rs Rs 1,800 and Rs 550 pm respectively.
- Employer’s contribution towards EPS account used to be Rs 541 pm and now it is Rs 1,250 (from October 2014 onwards). (Suggest you to check your statements too and understand more about the EPF and EPS contributions).
- You can observe that my friends has changed the company and had claimed EPF transfer online. The online EPF transfer details are also available in EPF statement.
- You can also observe that there are transactions towards “Interest updated” in the statement as on 31
^{st}March of every year. These are the interest payouts on the total monthly contributions. There won’t be any interest payout towards EPS contributions.

**How is interest on EPF account is calculated?**

Before explaining to you about the calculation of interest on EPF deposits, let us understand few relevant points regarding the interest calculation.

- The rate of interest is notified by the central government periodically (every fiscal year). The rate of interest on EPF deposits for last three fiscal years are : EPF interest rate in 2012-13 was 8.5%, in 2013-14 it was 8.75% and for this fiscal year (2014-15) too it is 8.75%.
- Interest Amount is calculated on the average monthly balance. EPF subscribers are eligible to get interest amount on their contributions and employer’s PF deposits.
- The interest amount is calculated monthly but the total interest amount is credited once a year only. The credit payout generally happens at the end of March.
- The accounting year followed by EPFO office is from March to February.

**Let us now understand how the interest is calculated on EPF deposits. **Let us consider the same EPF statement as the one given above. My friend had joined in his first job in a Private Limited company in September 2012. His company contributes 8.33% of his Basic salary as “EPF deposit” (Rs 239 pm) every month and 3.67% towards the EPS scheme (Rs 541 pm). (The 12% is subject to minimum of Rs 6,500 in 2012-13). His contribution was 12% of Rs 6,500 which was Rs 780 pm.

Let me put all these figures in MS excel and calculate the total interest earned on EPF deposits from September 2012 to end of March 2013.

Let me now explain about the calculation part. In the month of September 2012 the interest amount was zero because the available EPF balance was zero in the month of August 2012.

In Oct 2012, Rs 7.2 was the interest earned for September’s monthly contribution. We need to consider September month end balance (Rs 1019) and EPF applicable interest rate ( it is 8.5% in 2012-2014) divided by 12 months (we are calculating monthly interest amount). We need to repeat these calculations till March 2013. The total accumulated interest was Rs 152 and was credited on 31/Mar/2013 (as shown in EPF statement).

The total interest amount of Rs 152 was added to April month’s balance, along with the monthly deposits. Even after the recent amendments to minimum contribution amount, the interest calculation procedure has not changed.

So, suggest you to try these calculations based on your monthly Provident Fund deposits and understand how is interest calculated on your Provident Fund Account. *(Leave your query if you need any assistance).*

**Latest news** (26-May-2018) : EPF interest rate for 2017-18. EPFO notifies 8.55% as interest Rate on EPF for the year 2017-18, lowest in 5 years.

**Income Tax Saving Benefits on EPF contributions:**

Only your (employee’s) contributions towards EPF account are eligible for Income tax deduction under Section 80 C of Income Tax Act. If you have contributed for 5 years in EPF then there is no tax deduction but for less than 5 years TDS (Tax Deduction at Source) is deducted for EPF amount withdrawals.

Did you like reading this article? Did you find it informative? Do share this post with your friends. If you have any queries on EPF interest calculations, kindly leave your comment. Cheers!

**Continue reading** :

- EPF Interest Income & Withdrawals | Tax Implications | Is EPF Interest taxable?
- Interest on Inoperative EPF accounts | Will I get interest on my Dormant EPF account?
- Higher EPS Pension by EPFO – Impact of recent Supreme Court Judgement for EPS Subscribers & Pensioners

*(Image courtesy of adamr at FreeDigitalPhotos.net)*** **

Hello Sreekanth, this is a very informative post. I would like to know how to get the interest amount credited to an PF account where there is no active contribution since Feb 2017 due to terminatuon of employment but the accumulated amount is not yet withdrawn.

Dear Ray,

The EPFO will they themselves credit the interest to your EPF account.

But it is not yet posted in the PF passbook till date. That is why I am asking this. Is there any different process for inactive accounts?

Dear Ray,

You may kindly post your grievance to the EPFO online..click here..

sir i am not got intrest last financialy year .can you tell me why.

Dear Arun..EPFO has notified the interest rate for FY 2017-18 during last week of May, so you should be receiving the interest payment anytime in this month (June).

Sir, interest on last years PF balance is taxable, since employee terminated services and went abroad. Return for filing of Returns in India has come. How to calculate interest for 2017-18?

If last years total balance including interest was, say, Rs. 30 lakh, will taxable interest this year be Rs.30 lakh x 8.55 % = Rs.2,56,500?

Thanks

Dear dinesh,

The interest income can be taken from EPF Passbook.

If there were no fresh contributions in FY 2017-18 then you may do so.

actully i dont understand the break of which i had withdrwal my pf amt plz suggest

Dear suvidha ..May I know your exact query??

what the exactly received because in bank a/c received 30174

but how i know exact which amt i get

please give me break up for the same

and please can you contact on my no 86691599**

for sharing this imformation………..

deposit withdrawal

employee share 19328 employee share 19328

employershare 5912 employershare 5912

pention contribution 12401

my question is if 19328+5912=25240 but what about pension amt can you give reply on the same and also you can contact on 86691599**

Dear suvidha,

If you are making full EPF / EPS withdrawal then whatever is there as accumulated balances in your passbook, can be withdrawn.

If you are referring to partial withdrawal, kindly go through this article..

I had withdraw my previous 3 of already, however in my current organization am working from 5 years. My UAN is just showing current employer of details,so if now try for part-time withdrawal will my previous employers 7 years would be considered as well

Dear Vivek ..If you have withdrawn money from your previous EPF a/c then only current EPF a/c contribution period is counted (ie 5 years only).

Dear Srikant,

These are the details mentained in my EPF.I would like to know whether the PF can be withdrawn without employers signature .Though I left the organisation in May 2015 and my account has digitally verified my PAN number and bank details but my AADHAR is not seeded.Can I withdraw the amount online /offline

Please find the details given in website

PF Exemption UNKNOWN

EDLI Exemption UNKNOWN Pension Exemption UNKNOWN

Reason for Leaving NOT APPLICABLE

Date of Joining EPFNOT AVAILABLE ,EPS:NOT AVAILABLE FPS: NOT AVAILABLE

Date of Exit EPF: NOT AVAILABLE EPS: NOT AVAILABLE FPS: NOT AVAILABLE

Please do needful

Regards

Dear Ramesh,

As Aadhar is not seeded, you have to route the withdrawal request through your ex-employer only.

Kindly read :

New Composite EPF withdrawal form..

Online EPF withdrawal facilty

My employer has created 2 EPF accounts for me but in one epf account zero amount , now both accounts reflecting in my UAN but now Iam resigned , while applying for Claim, its considering the account which does not have money.

suggest me plzzz

regards

suneel

Dear suneel ..Kindly contact your employer and get this sorted out.

I have seen the statement of balances from UAN login link and observed that the last time the interest was credited was in 2013. All queries to Delhi North EPFO office went unanswered and the toll free number doesn’t work either. Same is the case for others. Anyone made a similar observation?

hi how many years pf ill be double ?

Hi Sreekanth,

I quit my company in Dec 2015. I am not employed after that. I am planning to withdraw my EPF this September.

Will I get interest for corpus for the period April 2017 to September 2017?

If not, isn’t it beneficial to withdraw EPF now itself.

Dear Sajo ..I believe that you will get interest for the said period.

is interest calculate on EPS fund which is not showing in the EPF statement? please confirm because I am going to fill form 19 and form 10C.

please reply

Regards,

Sinod Kumar Ray

Dear Sinod..Kindly note that interest is not paid on EPS fund.

Hi Sreekanth,

If any employee is contributing in VPF then how the interest will calculate. Will entire contribution be invested in EPF or in the same proportion 15.67% in EPF and 8.33% in EPS ( which doesn’t generate any interest ). If you share the excel sheet with VPF contribution that will be a handy tool for understanding.

Dear vishal ..As it is your (employee) contribution, the entire amount is invested in EPF.

How to contribute Voluntary Provident Fund if employee Basic Salary + DA = 20000 and he wants to deduct 100% i.e 20000 as VPF, please let me know the calculation of the same and how to make entry in ECR file.

Dear Jeet ..I do not have necessary expertise regarding Employer side of the EPFO Portal..

suppose my Basic salary is 45000/- P.M. My company has deduct Rs. 5400/- per month as EPF Contribution.

I want to Know what is my EPF Wages, EPS Wages and EDLI wages as per new format of ECR Unified Portal.

Kindly Help me.

I have applied for transfer of PF from my previous employer ( which maintain PF trust) to my new employer who maintain PF with EPFO.

My PF was transferred by previous employer by cheque to EPFO accruing interest upto feb. however the cheque is lost in transit. Now i am requesting my pevious employer to reissue the cheque.

Whether the interest will be recalculated till the date of issue of new Cheque or it will be old amount only and i will loss the interest amount for the in between period till the amount is actually credited to my new EPFO account.

Dear Suresh,

I believe that you will get interest for the entire period as the balance is not withdrawn and is still with EPFO / Trust.

You may check with your Ex-employer too!

Hi , I had worked in company where I know about UAN and balance pf which was around 44500 till 01st april 2016 and then my basic got increased and pf deducted 1200/month till september . I mean from april to sep it was deducted 1200rs /m and then I joined another company just for 18 days and left that . at there I gave my previous UAN but now that UAN has been cancelled becaused I have joined new company from oct month and till now there is new UAN with me ?

So this was the scenario .

Now I’m coming to the point that I need to withdraw whole PF (PF+PS) . IS this possible ?

or to which company I have to go to withdraw this . to my old one or to where I worked just for 18 days ??

Please repy asap

Dear RITESH,

If you are employed with a new company and contributing to EPF scheme again, you have to transfer old EPF accounts monies to the new one.

Read: How to consolidate multiple EPF accounts?

No sir , I just want to withdraw it so to which company i have to go to apply for that ?

Hi Sreekanth,

Thank you for the great details.

One question – I have left the job on April 2016 and now I wanted to apply for PF withdrawal. I know PF interest is credited in April 2017, so if I apply for PF withdrawal in March 2017, will the interest earned between April 2016 to Feb 2017 be paid to me along with the withdraw amount? Or Interest will be not be paid if I withdraw before interest is credited (April 2017)?

Dear Ashok ..I believe that interest will be paid till feb 2017.

Thank you for the confirmation.

Please send the excel calculator

Done 🙂

Thank you very much. much appreciated!

Hi Sreekanth,

Very nice and informative article. Would it be possible for you to share the excel calculator?

Done dear Vimal..

Nice article…..Could you pls share excel sheet

Done, dear mahesh..

I complete 10 years of service this month. I’m planning to withdraw pf amount for loan repayment. I’m eligible to withdraw entire employee and employer contributions. If I initiate the process for withdrawal in Apr’17 will I get the interest for the year 2016-17 also? I’m asking because the interest doesn’t normally reflect in the passbook till June as per my previous year observation. Also the interest rate declaration for the currect year comes later (in the next financial year like MAy or June) right? So how would I get interest amount (for 2016-17) if I apply in April itself?

Dear Raghuma,

You can make only partial withdrawal if you remain employed and can not make full balance withdrawal.

Yes, interest payment for Previous FY is generally credited in May/June.

Read: EPF partial withdrawal rules & options.

hi sir,

i worked last year 20 march 2015 to 25 may 2016. in my salary in hand Rs.7500 total CTC 1.2 LAKHS Per annm, every month PF deducted Rs.777 in my basic salary. it is totaly how much i will get. still i am not apply for PF. so kindly help in this regard.

thanks

murali

Dear murali ..You can check your EPF pass book or SMS to know your PF balance.

Dear Sir, I transferred my EPF accumulated till Aug 2007 in Nov 2011 . I got annexure K as well . It got reflected in my new account ledger from 2013 . In new account I am getting interest amount only for new account funds , not for the transfered in fund. I raised 2-3 grievences but I was always get replied that they are working on it and will let me know once it will be done. Please let me know other alternate by which I can get updated interest amount correctly.

Dear Naval ..There is no other option but to contact the EPFO directly. You may escalate the issue.

What is the esclation matrix for esclating the issue? Seems no one cares for anything.

Dear Naval,

Visit this link..and click on concerned EPFO Zonal office link..

Transferred mine pf from my previous to current organisation ,so i can see service details under Transfer detail section in PF passbook.

My question is suppose if i wan’t to withdraw mine PF right now,will EPS calculated based on service in current organisation or combine(Previous + current) ?

like mine previous organisation 2 years and current 2,so after transfer of PF ,suppose if i am going to withdraw now ,will be calculated 2+2 = 4 years of service or 2 years only?

Dear Ritesh,

As you are employed and contributing to EPF, you can not withdraw PF balance in full.

Yes, your previous service period is considered when withdrawing or calculating the pension for EPS.

Do we need to credit interest to members who have resigned and not transferred/ withdrawn their PF balance and their age as on 11th November 2016 is 58 years or more

Dear Sudeep,

Going forward there won’t INOPERATIVE EPF a/c concept, as interest payment will be done even to the dormant PF accounts. But, the official notification is yet to be released.

Dear sir,

Could you explain me about OB adjustment ?? [[OB Adjustment- ( AUTO APPENDIX BACK PERIOD )- IPR(Back Period) (2014-2015)-Contribution only]] what is mean by this sentence which is in bracket ??

Dear Dinesh,

I believe that OB stands for – Opening Balance. IPR stands for – Interest Processing.

What is the meaning of ” OB Adjustment- ( AUTO APPENDIX BACK PERIOD )- IPR(Back Period) (2014-2015)-Contribution only” …

and also my (employee) contributions and Employers contribution is not visible for a whole year. i.e. from 04-2015 to 03-2016. But this was visible in my EPFO Passbook when I viewed 2 months ago. Please help me to understand this, so that I can escalate if there is an issue in my accounts. Thanks

Dear Sri Man..I am not sure about this one. Kindly contact EPFO. Click here to post your grievance to EPFO.

Hi Sreekanth,

I have completed ~6.7yrs of service and would like to withdraw partial PF from my account. I wanted to know if this is possible and if so, what are the steps to be followed for it

Thank you,

Lavanya

Dear Lavanya ..Kindly go through this article : Loans & Advances on PF balance – Rules, options & guidelines.

I had a query. I am in the process of joining a new firm. The salary structure offered is with a PF contribution of 10% instead of the regular 12%. When I asked the HR about this, they say that as a Bank they are permitted to have a 10% contribution to PF instead of 12% and they dont participate in pension plan. Could you please confirm if this can indeed be the case? My readings of the rules indicate that banks dont have any such exemption. Please confirm. Thanks

Dear Ajay ..I believe that they are referring to NPS and not EPF.

(National Pension Scheme)

They show it as provident fund contribution and it is 10%.

Dear Sir,

I want to withdraw my pf balance of previous employer 5 years not completed ,so I have to fill 15G ,In column no. 16 (Estimated income for which this declaration is made ) total pf amount to be filled

1.Please help me how to calculate total pf amount to be write in this column (deposit amount in pf showing Employee share 26,321 ;Employer share 10,504 and pension contribution is 13,427.

2.In column no 17 of 15G( Estimated total income of the P.Y) :how to filled this if my my monthly inland salary is 20,500 and Yearly CTC is 3LPA.

3.and please explain me column no 19. of 15G identification number of relevant investment /account ;what is to be write in NATURE OF INCOME ;SECTION UNDER WHICH TAX IS DEDUCTIBLE ;AMOUNT OF INCOME

I m working in a private company and no other sources of income .

Dear Abhishek,

1 – Employee share + Employer share + interest amount can be shown.

2 – Your expected income + income from other sources + PF withdrawal amount.

3 – NIL (if no other sources of income).

Hi Shreekanth

Can you explain how the full PF withdrawals are calculated if one resigns and wishes to withdraw after more than two months on unemployment? Perhaps with an example? Especially with the EPS part.

Thanks

Dear Yuyutsu..I am unable to comprehend your query. Whatever the outstanding balance in EPF a/c and EPS, will be paid to the PF member.

EPS can be withdrawn if the service period is less than 10 years.

When we transfer amount from one company to another looks like that previous balance is not considered while calculating the interest. Interest is only compounded on the current companies PF balance. Can you throw some light on this.

Dear Sai..Interest is paid on the total accumulated balance, which is generally credited in the first quarter of FY.

@Sreekanth I agree to your point that Interest should be calculate on the total accumulated balance.

Lets consider the snapshot in which Amount transferred in April 2014 of amount 8728 & 2670 towards employee & employer share respectively.

From the month of May onwards Interest should be calculated on Total Amount i.e, Amount deposited by this company + transferred amount.

Whereas thats not the case Interest is calculated only on the amount deposited by this company. The transferred amount not calculated in Interest calculation.

In my case X amount transferred from my previous account in Jun 2013. I did not receive any interest on that amount till now.

From the cases i read it looks either my understanding is not right or there is a catch in the system from the time UAN comes into the picture as this problem I observed only after that, prior to that I transferred my PF from 3 more companies & there is no issue in interest calculation.

Dear Pradeep,

Hmmm..interesting! Suggest you to submit a grievance at EPFO portal, and do let me know if they have to say anything on this????

Hi Sreekanth

I have a two query

1) When you transfer EPF/EPS from one company to another does EPS does not get transfer.

Even in the screen shot you mention it shows as 0.

Do we need to submit separate request to transfer EPS amount.

2) Can we withdraw EPS amount without withdrawal of EPF & without changing the company.

Dear Ankush,

1 – It gets transferred but will not be reflected in your PF passbook (only number of service years will be carry forwarded and accumulated). Yes, form 10c.

2 – No.

Hi Srikanth,

Why we need to transfer OLD PF to NEW PF account? Will the OLD PF doesn’t generate interest?

Hi Srikanth,

Is a KVP better option than a FD. I would like to invest 1L for 10years in KVP (heard the amount doubles in 110months)

Are the taxes higher in FD or KVP ?

Dear Irshad,

Suggest you to create an investment plan by identifying your financial goals first and the last step would be to identify the products/investment options.

Kindly read:

How to create a solid investment plan>

KVP review.

Why one should not invest in FDs/RDs for longer period?

Gold bonds : review

Latest Gold bonds issue

Hi Sreekanth,

How do I apply for Govt Bonds ? Are they a good option for people who are RISK averse ?

I have FD, PPF, NSC, KVP & EPF A/Cs. Are there any more safe investments where I could invest in ?

Hi,

If i transfer my one PF account to other PF account , is interest is calculated on total amount ??

Dear Sandeep ..Yes.

Hi Sreekanth

I have worked from Oct-2013 to Dec-2015 i.e., 2.2 years in a company and my basic salary was 7300/Month. Employee & employer contribution was 12%, so now i am planning to withdraw the PF.

Can you plz calculate and explain in detail that how much i will get now.

Regards

Venkatesh

Dear Venkatesh ..Kindly check your EPF passbook for the details.

I have checked but i want to know the calculation?

Hi Srikanth,

Is NSC bond from Post office (5yrs) better than having a FD for 5 yrs. FD interest is taxed unlike in NSC.

Also, is interest from Kisan Vikas Patra from Post office non taxable ?

Regards

Dear Irshad,

Kindly note that interest on NSC / KVP is taxable.

Read:

New NSC/KVP in e-mode from July 2016.

Why one should not invest in FDs/RDs for long-term?

HI SIR I WORKED IN SPENCERS RETAIL INDIA LTD IN WARANGAL IN TELANGANA STATE FROM 2009 TO 2011. AFTER IN 2011 I RESIGNED . NOW I WANT TO KNOW MY UAN NUMBER… THE COMPANY DOESNT HAVE MY UAN NUMBER…IN 2014 ONWARDS UAN NUMBERS ATRE AVAILABLE.. HOW CAN I GET MY UAN NUMBER.. PLEASE TELL ME THE PROCEDURE..

Dear SATISH,

Kindly read: How to generate UAN number online?

Hi,

I changed my job and had transferred the PF balance to the new company. Even it is getting reflected in the statement from the epfo website. But when it comes to interest payment, it is not counting the previous balance for calculation.

For eg, if my balance is 150 Rs (100 from current company and 50 from previous company transferred in), interest is getting calculated only on the 100 Rs, that is, the current company’s contribution.

Is it like so? If so what is the point of transferring?

Can you please help.

Regards,

Shinoj

Dear Shinoj..When did you make the transfer? Probably the interest payment on the old balance might have already happened??

Thanks for the reply. I did the transfer on early 2014.

Interest was not credited in 2014, 2015 and 2016.

Dear Shinoj..If that is the case you may kindly submit your grievance at this link, click here..

Hi Sreekanth,

Thanks for the reply. Will do so.

Shinoj

Sir,

1.Please let me know can i withdrew my total EPF amount before joining a new company? what is criteria of 100% withdrew EPF after resigned old company and joining new company ?

2. Suppose i m resigned after 10 years so please let me know what is my pension amount ? what is the proceger of my pension amount please let me know in details.

Dear ganesh,

1 – If you are unemployed for 60 days after retirement you can withdraw full PF balance.

2 – Regarding EPS, read this article – click here..

Kindly read: Gratuity benefit amount : Details, calculations & income tax implications.

1. Please let me know, how can check my total pension amount which is deducted in my salary from starting to till and supposed i resigned right now so can i widrow my total EPF as well as EPS?

My joining date is 10/05/2007 .

2. what is the criteria of gratuity and how much exact amount is receive after 9 years from my company?

my half of money transfer to pension facility . so can i get same when i want my pf money .

Dear Harshad..EPS can be withdrawn before 10 years of service.

Hi Srikanth,

Even I haven’t got interest amount credited to my EPF account. May is completed by today. Can you please let us know what’s going on in EPFO office, why interest is not being credited for 2015-2016 period.

Regards,

Savan

Dear Savan..The interest rate for 2015-16 has recently been notified, so it may take sometime to get the entry in EPF passbook.

Hello Sir,

I’m Srikanth reddy I have joined one organization as a HR I’m fresher to this job role Now my management has instructed me to enroll my self in PF and generate a UAN for myself and also instructed me to generate UAN of those employees who are yet to get UAN. Kindly guide in this regard. As a fresher I dont have any knowledge about PF.

Dear Srikanth..Suggst you to take help of any senior HR person and learn about your company’s policies & guidelines.

However you can go through this articles to know about UAN;

All you need to know about UAN!

How to generate UAN online?

UAN Helpdesk.

I have served in IFFCO for 8 yrs. And left on 2013. Now I want to withdraw my EPF fund. How much can I withdraw? What are the TDS implications? Will I get interest for the last three years during which I have not contributed.

Dear Somanath,

If it is more than 36 months since you made PF contributions to that PF a/c then it would have become INOPERATIVE. But as per the recent govt’s notification, interest will be paid on INOPERATIVE a/cs too.

PF withdrawal is tax-free in your case.

If you are not employed now and not contributing to EPF scheme, you can withdraw full balance.

Kindly read:

New EPF withdrawal forms.

EPF withdrawal & new TDS rules.

EPF inoperative a/c helpdesk.

Thank you very much Reddy Sir….. I am now employed and not contributing to EPF but contributing to NPS. So how much can I withdraw ? Can I transfer it to my PPF account or NPS account ? What other options are available for me ?

Dear Somanath,

Govt is contemplating to provide one time portability option (EPF to NPS and vice-versa), but haven’t yet announced it.

You can not transfer the funds to PPF account.

You have the option to withdraw full balance now.

Thank you Sir….. Your suggestions are too much helpful to me…. Have a very nice Day….

My age is 41years.

Current EPF balance = 1516630

Basic Salary = 68852

VPF contribution= 88% (Company = 12%)

Salary Hike for next 20 years = 8% (average)

EPF rate = 8.8% ( I assume for 2016)

I would like to know what would be the corpus EPF/EPS amount when I turn 60years.

Dear Sreekanth ,

Requesting your kind support for the above query.

Also, for my basic, I am sure a part of the amount will only be considered for PF & the remaining will be taxed. May I know the breakup of how much will be taxed ?

Thanks.

Dear Sreekanth ,

I think the formula is wrong. If the increment is equal to the EPF rate of interest, the formula fails.

Hence, kindly calculate (on my behalf) the corpus amount @ 60yrs for the below data. Thanks for the great support.

Age = 41yrs

Current EPF balance = 1516630

Basic Salary = 68852

VPF contribution= 88% (Company = 12%)

Salary Hike for next 20 years = 8% (average)

EPF rate = 8.8% ( I assume for 2016)

Dear Irshad,

Kindly share the correct formula then?

The reason I am not calculating is, this is all hypothetical and salary will not remain same and ROI will not remain same. There is no point in calculating the corpus.

Dear Sreekanth,

I totally agree with you.

But assuming that the below data remains CONSTANT, could you then give me the corpus amount @ 60yrs

Age = 41yrs

Current EPF balance = 1516630

Basic Salary = 68852

VPF contribution= 88% (Company = 12%)

Salary Hike for next 20 years = 8% (average)

EPF rate = 8.8% ( I assume for 2016)

Dear Irshad..Your salary may appreciate at the rate of 8% but your basic salary may not be the same or may not increase in the same proportionate, EPF interest rates may vary year on year.

Thanks Srikanth for the quick reply. But assuming the following data remains constant: May I know what will be corpus amount I would get at 60yrs on my EPF A/c.

Current EPF balance = 1516630

Basic Salary = 68852

VPF contribution= 88% (Company = 12%)

Salary Hike for next 20 years = 0%

EPF rate = 8.8% ( I assume for 2016)

Dear Srikanth,

I would like to invest in a FD (high interest rate) in Ratnakar Bank (RBL). Could you kindly give your kind view on the bank. This bank is a private scheduled / Corporation bank.

Regards, Irshad

Dear Irshad,

All banks are well regulated by RBI, can’t comment on individual banks.

Kindly read:

Are you aware of this interesting fact on Bank FDs?

Why its better to avoid investing in Bank FDs for long-term?Dear Irshad..Kindly use the calculator available in this link to arrive at approx EPF corpus amount.

I have also not received my PF yearly interest for period of April 2015 to March 2016.Since last 4 yrs I have received interest after march. pls reply to my query at the earliest.Thanks

Hi Sreekanth,

Can you pls tell me how much amount i can withdraw from PF account.Rite now the balances am having is

Employee Share till december’2015 is accumlated is : 109404 and

Employer Share till december’2015 is accumlated is : 76482,

So total in my PF account i have is : 185886

Dear Santosh,

The new withdrawal rules have been cancelled.

If you are unemployed for more than 60 days, you can withdraw full PF balance.

How can we get EPS amount?

Dear Naresh..Read: EPF new UAN based withdrawal forms..

Sir I am complited my CT(company trainee) 6 months in bajaj auto ltd, chakan and my stiepend 10000/pm and in that my PF contributions is 1200/pm then how much amount is come to me provident fund (of) pleas tell me sir

Hi Team I m working at goldenstar company at hyderabad from fast 2 years i m working in my salary is 9679 for pf deducting 999 Rs so please how money i will cum let me Know With interest

Thanks& Regards

Manohar Yadav

DEAR SIR

AM WORKING PAST 7 YEARS ONE COMPANY TILL NOW AM NOT GET UAN NUMBER PLS GIVE ME SUGGESTION

Dear KRISHNAMURTHY,

You can request you employer to generate UAN for you as it is mandatory to quote UAN number on PF claims (if any).

Else, you yourself can generate it online.

Read: EPF UAN number – generate it online.

I got the point what is explained. My doubt is while we are withdrawing PF amount, the whole PF (EPF+EPS) amount will be returned or Only EPF ?

How we will get EPS back ?

Or If we apply for PF withdraw total amount (EPF+EPS) is returned ?

Is it compulsory for the employer to deduct amount for EPS ?

Dear Amith,

One needs to apply for both EPF & EPS separately. Both have got different withdrawal forms.

Yes, it is compulsory.

Read:

New EPF withdrawal forms.

EPF Withdrawals & new TDS rules.

Hi all i am working in private sector and my company is taking amount of Rs 1500 for esi and pf what would be the total amount for 1 year.

Dear Sreekanth,

Assume that I quit my job in Sep 2016 and remain without any job for two months and apply for full EPF withdrawal. What happens to the interest part of the corpus as of Mar 2016 and contributions from Mar 2016 to Sep 2016. As the interest rate is decided after the end of the financial year i.e, Mar 2017, at what rate would my interest on my corpus calculated at the time of withdrawal (which happened before the interest rates were finalised).

Kindly enlighten.

Regards,

Krishna Chaitanya.

Dear Krishna ..I believe that the prevailing interest rate will be applicable.

what hapepen the 2015-2016 interst not diposit

I joined a company on April 1st, 2015, so basically the very first day of the fiscal year. As of today (4/21/2016), I see only 11 monthly entries in my PF account, though all of my 12 salary slips show the PF amount deducted. Shouldn’t there be 12 entries in my PF account for 2015? Also, I don’t any Interest Credit as such.

Dear Manish/Ankita..Suggest you wait for till May and check the statement (we all know what’s happening at EPFO).

If you still do not get to see the entries, you may first check with your employer and then submit a grievance at EPFO portal.

Thanks for the link,

I’ve successfully submitted a grievance regarding non-credit of interest for the period Apr 2015 to Mar 2016

Hi,

I have also not got interest credited in March 2016 (for April 2015 – March 2016). Did you get any response? Do you suggest to submit a grievance?

Thanks,

Prasad

[email protected]

when yearly intrest on PF money is credited for apr 2015 to march 2016?i have checked my PF account and its not credited yet. what should i do ?

Hi Sreekanth,

I have one doubt…I will be grateful if you can provide some inputs about it…my question is that in your point 4 u have said that full EPF accumulation can be balance can be withdrawn on some condition…

(i) Is that condition valid for all (for those having < 5 years of service )

(ii) is the amount withdrawn under these condition would be taxable…?

Thanks,

Rohan

Dear Rohan..As per the latest news, the new rules have been totally withdrawn.

if i have another pension scheme, will i be eligible for eps pension

Hi Sreekanth,

As per the new amendment regarding EFP. what is the benefit that employee will get from PF if he withdraw after his retirement apart from interest (Present interest rate is 8.1% per Annam).

and If the employee did not specify any nominee in PF and he served 50 years in the same organization and if he died (passed away). then where the 50 years PF amount will go.

Why should we have to wait till 58 years to consume our PF amount. any logic behind this amendment passed from the government?

Dear Yatheesh,

The legal heir(s) can claim the PF monies.

Kindly read latest rules, there are some modifications done: Latest EPF withdrawal rules with effective from 1-August-2016.

The logic is that we do not have any social security system in our country and most of the claims that EPFO are settling are not at retirement age, so govt’s idea is to encourage EPF members to save for their retirement life.

Thanks for the Information Sreekanth

Hi sreekanth,

I have a question regarding EPS.

The above shown UAN statement found that there is a PF transfer from previous account. It seems the amount transferred only employee share + employer share but we don’t see anything about the previous EPS amount. It should be some amount credited in the EPS column right?

Dear Yuva..This statement does not reflect the EPS settlement (if any) details.

Why not reflected?

When transfer of PF amount then the EPS also would get transferred right? If four years contribution in the previous company.

Or how do we get this into new PF account?

Dear Yuva..I am not sure if EPF passbook reflects the EPS transfer amount / settlement amount.

If you are employed, kindly check with your employer and let me know if this is possible? (I am not a salaried person, can’t check this, but will try to get info from my friends who are salaried individuals).

I retired after attaining the age of 58 on 1st Mar, 2014. I have not withdrawn my EPF. what will happen to interest accrual ?

Dear Madhu Kant,

The interest will be credited on the accumulated balance.

But suggest you to withdraw the balance and re-invest prudently (if required) based on your investment objectives/requirements.

Dear Sreekanth,

How do I know that the interest is being calculated correctly? Is the interest is calculated only on yearly accumulation and not on previous year accumulation? Please clarify.

Thanks!

Ranjan

Dear Ranjan..I did not get your point. What is yearly accumulation & Previous Year accumulation?

Very informative. Thanx a million.

After recent changes regarding PF withdrawal that have been effected, one question cropped up in my mind.

For example:

A ‘single’ woman employee who has worked for over 15 years and contributed to PF from the first month itself and has not withdrawn any money till date wants to quit job on health grounds at the age of 46. The amended rules says she won’t be able to withdraw all PF accumulation. If suppose something happens to her before she attains the age of 58, what is the use of the money lying in her PF account. She may need all her savings (including PF) for medical purposes. This seems ridiculous on part of EPFO or for that matter Government to act like Big Brother and decide that ‘One size fits all’. Anyone listening??

Dear MeYe,

One can make partial withdrawals for different purposes (one being for medical treatment). I definetly agree with you that they (govt/epfo) should have taken public feedback/employers’ inputs before framing new rules and making them effective.

Kindly read: EPF Partial withdrawal rules ..

Hii Sreekanth,

I am working in Adecco india Holding Mumbai Branch. Having its head office at Bangaluru. Also my PF pertain to bangluru. Our pf has been deposited in Adecco Trust (Not in EPF no). now new rule has come after feb 2016 that entire amt cant be withdrawn except our contribution. So from whom can i apply after 58 years.

Prashant

Dear Prashant..Kindly note that the new rules are applicable to pvt PF trusts too. You can apply for withdrawal through your Trust if you are employed with Adecco at the time of retirement.

Hello, I want to know like if employee share is Rs.20000 & employee share is Rs.5000 approx and for service having 1.8 year , so can person eligible to withdraw the amount during the service(for repayment of loan). Is it possible.

Dear Priyanka,

Kindly go through below articles;

EPF partial withdrawal rules & guidelines.

Latest PF withdrawal rules 2016.

hi Sreekanth, my office deducted epf from nov 2014 to march 2015 financial year (2014-2015) of rs.1800/month in my salary and i continuously working with same company now, i downloaded UAN passbook from epf website just two days back. according to my payslips, total epf deduction on (Nov 2014 – Mar 2015) is rs.9000/- rupees,but downloaded UAN passbook shows only 7200/- rupees of (Nov 2014-Mar 2015) financial year, passbook entry started from december 2015 only. i think my one epf has not credited

pls clarify me

thanks!

Dear Anta..Kindly check with your employer or EPFO.

Anto, There is no mistake here. This is how it happens.

1. You work from 01-Jan to 31-Jan. Salary credited, say on 31-Jan only (where your EPF contribution) is deducted.

2. Your company/org deposits this with EPF sometime in February say on 10-Feb. I’m not going to look up exact guidelines by which an org has to deposit funds with EPFO after collecting/deducting from employees.

3. So, EPFO actually got your contribution (which was a result of your employment in January) in the month of February.

So, in essence your statement will always run one month behind your actual employment. No need to worry here.

Cheers,

Ashu

Thank you for sharing your inputs dear Ashu. Keep visiting!

श्रीकांत जी…

Plz. मैं आपसे ये पूछना चाहता हूँ कि मुझे ई पी एफ में शेयर करते हुए 6 साल हो गए हैं और मेरा बैलेंस मैसेज में 31/03/15 तक EE 36257 + ११०९४ दिखा रहा है टोटल बैलेंस ४७३५१ है तो मुझे अपने सारे शेयर निकालने पर मुझे कुल कितने पैसे मिलेंगे | एक बात और अगर में ये शेयर १० साल तक जमा करता रहूँ और ११ साल में निकलवा लूँ तो उसमे जो ये पेंसन का मामला है ये मुझे समझा दे | क्योंकि मुझे ये जानना है कि कुल बैलेंस मालूम होने पर भी उसका दोगुना फंड मिलता है या फिर नहीं…as per my e-epf app. shown total balance 47351/- on 1st april…

Thanking you

Bhuwan Singh

Dear Bhuwan..Request you to try to post this message in english plz.

Dear Sir,

My Total 6 yrs Contribution Rs 47351-00 upto 31/3/15 (ee 36257+dr 11019). if now i have withdraw all amount then what amount i get. (same amount or its double). plz suggestion.

Dear Bhuwan..If you are employed you can’t withdraw the Pf balance.

Kindly read : Latest EPF withdrawal rules 2016.

sir , i’m employee and as per my PF total balance on 31/3/15 47351-00 after 5 years.

what amount i get till date.

Also can i withdraw EPS…. as per shown in passbook.

Dear Bhuwan..You can withdraw only your Share + interest. The employer’s share (PF+interest+EPS) can be withdrawn only at the time of retirement.

Thanks,

But if i have leave this job then i get full withdraw as (EE+ER+Interest+EPS) or not, its possible ? any other form for withdraw EPS ?

Dear Sreekanth,

I have a query, you have given a very good illustration with previous month’s balance is nil. How will the calculations be made, Let us say in case there is previous balance and also transfer as under at the time of start of year, details as under:

Employee Balance – Rs.10,000/- Employee’s share balance – Rs.9000/-

Intt on Employee Balance – Rs.4,000/-, Intt on Employee’s share – Rs.3,000/-

Transfer of Employee share Rs.15,000/-, Transfer of Employee’s share Rs.12,000/-

Intt on Employee share transfer Rs.5,000/- Intt on Employee’s share transfer Rs.4,000/-

My query comes, since I have both, when I reviewed my PF statement online, I find that the interest has neither been calculated on previous balance nor on the transferred amount. You advise will be helpful.

Kind regards

Dinesh Minocha

Dear Dinesh..What’s the difference between ’employee balance’ & ’employee share balance’ here. Unable to understand your point.

Kindly note that you can see the interest amount transaction generally in the month of March/April.

Hi Sreekanth, Hope you’re doing good.

It’s Rahul here and kudos for your excellent guidelines and blog.

I was working with an organisation in 2013 june- oct 2013.

UAN and KYC formalities has been complied and i’m good to withdraw the PF & EPS amount.

I’d like to know when can i start the process of submitting the forms to EPFO office with respect to frequency of interest which will be credited.

Could i submit it within this FY i.e. before march 31 2016 or is it fine to do after Apr 2016

If i submit delay after April 2016 would i be getting the interest for FY 2013-14, 2014-15 & 2015-16 and 2016-17 as well?

What if i submit my forms after Apr 2016 and which FY interest would be credited?

Dear Rahul,

You can submit the withdrawal form in the first week of April, so that you can get interest for the full FY (2015-16). Kindly note that interest for the previous FYs would have been already paid.

Hello Sreekanth,

First thing first. Kudos to your wonderfully articulated article. A lot of people like me would have benefited with the nuances of EPF and the related stuff.

I have a query on EPF Interest.

What if some one decides to quit his job by 45 years or for the sake of argument say any time before the stipulated 58 years. When there is no more contribution into such an EPFO account with the holder being unemployed. What happens in this scenario? Would the interest still be getting credited on the Principal + Interest amount accrued so far year on year till 58?

Appreciate your response.

Thanks,

Sundar

Dear Sundar..Yes, interest will be credited. The employee also has an option to withdraw his share + interest before attaining the retirement age.

Kindly read: Latest EPF rules 2016.

Hi Sreekanth,

I have query that you mentioned about TDS on withdrawal. I worked for a company for 6 months. Then I left it and now I don’t have any job. They have deducted TDS for the EPF contribution by employee too. So now if I don’t withdraw within 5 years then will I get this TDS back. Or there is any other way to get it back. Also if I withdraw in next financial year then what would be taxation on that amount given that I don’t have any other source of income.

Please help

Dear Rahul..If you haven’t withdrawn your EPF, how can your employer deducts TDS on EPF, by the way the EPFO has to deduct TDS and not your employer. I guess you are referring to TDS on your salary which is provided in your Form-16.

Kindly read:

EPF & TDS new rules.

Misconceptions on TDS.

Understanding your Form-16.

Hi sreekant

My name ravi

Actually my epf account 1080 he draws

How much amount company given

Hi Sreekanth,

I have a query. You might be already aware of PF Trusts managed by some organizations.

My previous employer had its own trust for managing PF accounts. I was part of the organization for less than 4 yrs.

After joining new organization, I do not wish to transfer the PF to new org so that after completion of 5 yrs of maintaining the same PF account, I can withdraw completely without TDS from that PF account. Is that feasible.

If yes, what does Govt PF guidelines for these private trusts, state about them paying the annual interest on these accounts of old employees and till what period they can maintain.

Thanks

Dear Rashmi..As you are currently employed, you have to transfer old PF a/c monies to your new one, can’t withdraw the balance.

Thank you so much Sreekanth.

Sreekanth,

At-least help me on this query, for how to come to the figure of Interest earned for 2011-12 if

Int. Updated upto 31/03/2011 is 11300 on employee and 10000 on emplyr

Int. Updated upto 31/03/2012 is 12000 on employee and 10200 on emplyr

What will be my Interest earned for FY 2011-12, is it whole of 12000 and 10200 OR the difference (11300-12000) for EE & (1000-10200) for ER

Dear Nirmal..It is whole of Rs 12k & Rs 10k for that FY.

Sreekanth,

[I am the same person who has asked a clarification

What will be my Interest earned for FY 2011-12, is it whole of 12000 and 10200 OR the difference in Int amounts from Previous Yr.]

[If we are suppose to consider the difference of interest of 2 years, that’s the reason for asking this question.]

Question 2:

As per passbook

Int. Updated upto 31/03/2011 1000 EE 500 ER

Int. Updated upto 31/03/2011 1087 EE 767 ER

There was very little difference in the both the years interest, whereas the employee and employer contribution had increased from 2010-11. I understand there was decline in int rate in 2011-12, even though difference of 87/- & 267 is too low. Do you think there was a mistake in debiting Interest in my a/c

Please comment on this.

Thanks.

Dear Nirmal..I may have to go through the detailed PF statement to answer your query.

Sreekanth,

Please help me with this. For e.g., As per passbook,

Int. Updated upto 31/03/2011 11300 on employee and 10000 on emplyr

Int. Updated upto 31/03/2012 12000 on employee and 10200 on emplyr

What will be my Interest earned for FY 2011-12, is it whole of 12000 and 10200 OR the difference in Int amounts from Previous Yr.

I had worked for 2 years. & applied for pf after 6 months.

9000 is credited On 28 jan in my account with comment EPFO & 21000 is credited in same account with comments by salary.

I want to know what is that by salary, is it pension amount?

Dear Vicky..Generally pension amount will be less than the PF amount. Probably it is PF only.

hi vicky,

I would like to know how long it take for you to credit second time from the 28th Jan.

I got amount yesterday,its around 11,000/-I need to get more.can you please tell me

Hi Srikanth,

I would like to know about the withdrawal amount,

when we apply for a withdraw of amount…so as per the instructions which i read i understand that i will get {employee share+employer share (8.33% EPS + 3.67% EPF)+Interest cal up to withdrawal date} , am i right?

Dear Sandesh,

For EPS withdrawal you need to submit separate withdrawal form, in addition to EPF withdrawal form.

Read : New EPF withdrawal forms..

One can withdraw pension (EPS) if service is less than 10 years.

Dear Sreekanth,

Thanks for the informative and easily understandable post. I have one query. If one closes the PF before March 31st, that is before the interest for the fiscal year is credited, will he/she lose the interest for the entire year?

Thanks

Mathan

Dear Mathan..Interest Amount is calculated on the average monthly balance. So, you will get the interest payout.

Thanks Sreekanth

Hello.

I am informed that with regards to PF funds, interests would not accrue to the same upon 3 years of accumulation (i.e., no withdrawals).

I wish to know if the same principle applies for accumulations in case of PF Trusts as well.

If possible, please provide the legal source ( either under the EPF Act/Scheme or a judgement/case-law) to support your answer.

Thank you.

Dear Dinesh,

I believe that your understanding is wrong. The EPF subscriber would get the interest amount on all the contributions.

It is only when one stops contributing to EPF scheme, the interest would still be given for 36 months on the accumulated balance. After which the EPF a/c would be treated as an inoperative one.

Hi there, for example if I quit the company after completing 3 years and after that when I will apply to get my pf amount, will I get my pension amt as well with it as my employee was contributing towards pention part of amount

Regards

Salim

Dear Salim..Yes you can withdraw your pension amount by submitting separate withdrawal form.

Dear Sreekanth Reddy.

I paying pf from june 2016,

1850 employer contribution

550 employee contribution

1250 for pension scheme,

How much money can i get interest for 1 year,

please give reply

Dear Shrikanth,

Thank youf for the exhaustive information about the EPF. I would like to know weather contribution made to UTI retirement benefit fund retirement option is eligible under sec80C. What is the min investment period and withdrawals are taxable?.

Thank U

Dear Sanat,

Income tax deduction is available on the amount of investment in the scheme under Section 80 C of Income Tax Act, 1961. It has 5 year lock-in period. It is treated like a Debt fund for taxation purposes, so Long term capital gains tax rate @ 20% (with indexation) is applicable.

Hi,

Firstly thanks for the information.

I have a query about when I quit my job and withdraw the entire PF do I get (EPS+EPF + interest) or (EPF + interest) and what happens to EPS in the second case, do I get any interest on EPS also if I receive it in my withdrawal.

Thanks in advance.

Dear Zuni,

You need to submit separate withdrawal forms for EPF (Form 19) & EPS (Form 10c). Interest is paid on EPF contributions.

You will not get any interest on your EPS contribution.

You can withdraw EPS amount provided you have completed less than 10 Yrs of service. The withdrawal amount is calculated based on a formula.

To avail pension, you must complete 10 yrs of service and your age must be 58 yrs or above.

Thanks a lot for the information.

Can please tell me what are Form 3A, 5, 10 and 12A. What do they have to do with EPF and EPS.

Dear Zuni..I believe that these are used by the employers.

Kindly go through this doc.

Thanks again, hmm… hopefully last question since November, 2010 to May, 2013 did the total contribution from employee and employer was 12% + 12% or did it vary any time if so how much percent.

Dear Zuni..12% of basic salary has been the minimum..over & above is voluntary.

Hi Sreekant,

I have a query. My previous employer was maintaining the PF account as a trust and my current PF account with new employer is in RPFC.

I want to transfer the amount from previous emploer’s Trust to my current RPFC account. So my query regarding this is:

1. If I initiate the transfer now and it gets done before March 31 ,2016 i..e this financial year ending , then will I get the interest amount for this Financial Year also transferred ? or I will not get the Interest for this financial year?

Thanks

Neeraj

Dear Neeraj..You will get the interest amount on the contributions.

Hi !

In March 2015,I earned my first salary in which my PF deduction has been done,but on the day of mid November 2015 I left that company so am i eligible for interest or not?

There were total deduction of 900 RS (including me and employer), so how much I will receive back?

Reply soon,

Thanks in advance

Dear Sagar..You will get interest amount on the contributions.

Really superb blog,helped me a lot.

Thanks

Hi sir, u blog has been amazing..

My friend has worked for one year in pvt co. And she claimed the PF after resigning in a year..

Within 15 days she git a funds in her a/c but the amount is lesser than in it mentioned in EPF A/c..

As per site, emoloyee contribution is 17996 + employer contribution is 5676 = 23672.

But she got only 12935..

Pls advice..

Dear Uma..Kindly read : EPF withdrawals & new TDS rules.

Hi sreedar, yes seen the new TDs policy, she is not claiming more than 30k hence TDs not applicable for her.. Her tenure is one year only.. Will u pls advice

Dear Uma..She can directly contact EPFO and get more details on this. Else, she can claim the refund while filing ITR (if any).

Dear Sreekant,

At first, I would like to thank you for posting detail information on PF. My erstwhile employer was maintaining a PF trust and my accrued PF was transferred from trust to RPFC on 10th Oct, 2015. How RPFC will treat the transferred PF for computing interest? Will I receive interest on the transferred PF fund from 11th Oct, 2015 onwards? My current PF is deposited with the same RPFC office. Please clarify.

Thanks,

Mudita

Dear Mudita..Yes you will receive the interest amount on accumulated (carried forward + current contributions) balance.

Hi Sriknth, Thanks for taking initiative to share your knowledge abt EPF, i liked this article.

Would need to have clarity on last point alone, you stated that if we maintain EPF account(for 5 years) without withdrawing , tax deduction is not applicable. Can you explain that alone please since i couldnt understand

Dear Sangeetha,

Kindly read : EPF withdrawals & new TDS rules.

Hi Srikanth.

Superb job … Keep it up.

Hi Srikanth,

I have done online pf transfer twice successfully but this time i made a little mistake as my current company is Trust one so i should have opted for my current company but i choosed previous one apart from that i was not having idea that we have to mention trust details as well but system generated blank over there(but now when i tried to check whether i can do another online pf transfer only to test system generated all trust details and this happened after 4 days of submission). No w i am worried how the transfer will happen and what are the next steps after rejection.

One more thing when i checked previous company uan in uan member portal there is new row over there in passbook Claim Against PARA 57(1) but whole amout is not mentioend in row.

I think some process is going on.

Any idea about my query?

Dear Vinay,

You may wait till 15 days and once the claim rejected, you can submit new request with correct details.

I am not sure about ‘passbook Claim Against PARA 57(1)’ issue.

Dear Sreekanth Sir,

I worked in ‘X’ company for 4 years, and i am currently not employed. My Pf amount is obviously more than 30000 which will be taxable if i withdraw before 5 years of the PF account created.

My question – In the above situation, to avoid TDS, shall/can i submit the 15G form to avoid tax if my annual income in not under taxable. i will submit my PAN in the 15G form also.

Your reply will be useful.

Thanks in advance.

Dear Atun,

You can submit to Form 15G to avoid TDS, but kindly note that the withdrawn amount is liable to tax. You have to show it in your ITR.

I felt this article quiet useful and understandable and I have read many of ur pages.thanks,they are quiet useful.what is the rate of interest for the refundable loan on my pf amount?

Dear lakshmi,

If you take loan or advance, there is no need to repay it. Unless otherwise you do not utilize the amount.

I dnt want to withdraw permanently,instead I want to take as a loan and repay it

I have another query which is irrelevant to this page,its regarding MFs

In which MF i can invest so that I can make atleast 3-5 lakhs after 3-4 years. I can invest a max of 4k/month starting from Feb’16

Dear Lakshmi,

To accumulate Rs 5 Lakh in 4 years with monthly investment of about Rs 4,000, your MF portfolio has to generate around 43% return pa. This is unrealistic expectation.

You may have to either increase the time-frame or monthly investment to achieve your target amount.

Read:

Best Equity Mutual Funds for SIPs in 2016.

so what is the approximate max investment per month if I need to accumulate 5l in 3 years with best MF.also let me know is there any other investments so that I can accumulate the same with min amount per month

Dear Lakshmi,

You may have to save approx Rs 11k to Rs 12k per month assuming the expected returns to be around 10% for a 3 year time horizon.

You may consider investing in a balanced fund.

Read:

Best Balanced funds.

If I have twenty years service what will be the amount I have at the end?

Dear Karthi..It depends on contribution amount & rate of interest 🙂

Sreekanth Reddy Garu,

i am earning salary of Rs 14,791 (take home: Rs 12000+Deductions Rs 780 + Employers contribution for PF Rs 885 + Medical insurance Rs 280 etc). Please tell me how much amount will be added as interest to the above PF per month. Also please tell me benefits of medical insurance & how to utilize the same. Thanks in advance.

Dear JANARDHAN,

Kindly check your EPF statement to know about your interest amounts.

Read:

How to Check EPF statement/balance?

Medical insurance & Tax benefits.

OK Thanks… the information is very helpful..

I APPLIED PF WITHDRAWLS IN JANUARY- 2016 . Every year end of the 31st march pf interest caluclated.

my pf contribution apl-2014 to oct-2015 can i get last 7 months pf interest

Dear pankaja..You will get the interest part too.

Dear Mr. Shrikanth,

Thanks for a detailed help and illustrations.

I need to know is it beneficial to withdraw EPF accumulation or to get a personal loan to pay an amount of Rs 350000/- . I will be able to payback this amount in 12 months max.

present PF accumulation is 1630861.

Per month Deduction is 5640 Voluntary deduction Rs 6110.

it will be great if you reply in details on my email ID [email protected]

Thanking you in anticipation,

Regards,

Parag Dharkar

Dear Parag,

Are you referring to Partial withdrawal? Are you currently employed?

Dear srikant

If I leave my organisation on march and don’t withdraw my EPF till may 2015. Will I get interest for fy 2015-16 from my present company.??

Dear aditya..Yes, you will get interest. Interest is paid by EPFO and not by the employer.

Dear Sir,

Thank you so much for your clarification on PF (Employee and Employer Part)

But still i have dought on Pension (that is 8.33% of employer part):- please clarify me–

Q1. As i can see in your screnshot 1) there is NO interest amount added by end of financial year to the pension amount, why its so?

Q2. Did we get pension amnt transferd/withdrawled when we do the PF transfer/withdrawle:– again as you mention in another screen shot about the transfer money– there is NO money mentioned in pension part.

Please clarify me.

Dhananjay

Dear Dhananjay,

To get EPS money you need to submit separate pension withdrawal form. The above calculation is for EPF only.

I worked for 9 month for an IT firm in Hyd (June 14 to Apr 15) and then moved to Bangalore and joined new company. I got my UAN from new company. How do I transfer my Hyd pf amount to present account. when I checked my pf balance, I get message as records not available and it shows in the site as last updated 12 Dec 14. I want to check the balance before transferring the amount.

Also please let me know if I can withdarw money if possible.

Thanks,

karthik

Dear Karthik,

If you have a smartphone, you can download EPF mobile APP and check the balance.

As you are currently employed, you have to transfer your old epf ac monies to your new EPF account. You can map the old account to your UAN.

Read my articles;

All about UAN.

EPF A/C online transfer procedure.

Mr. Ragavendra

I worked in an org for about 9 continued years. I quit recently and have not withdrawn my PF amount. Is it safer option to leave the amount in pf office for it to fetch interest or should I withdraw? Since I worked more than 5 years I am sure my amount will not be taxed. Secondly what happens to the EPS amount of 1250 set aside for all these months or years? Will it be given as well or is there any other clause attached to it?

I should have addressed Mr.Srikanth. …sorry about that…

Dear Anand,

You need to submit separate EPS withdrawal form. Check with your Ex-employer if you have not submitted it.

If you are currently not employed, you may withdraw EPF monies and can invest in other better investment avenues based on your Financial goals and profile.

Hi Thanks for detailed info. I hv one question? recently i hv changed my company and transferred all my pf amount from old account to new account. Amount along with interest is now transferred in my account, but even after 2 yrs I am only getting interest on the contribution I am making in my new company. No interest has been given for the amount trasferred from my old PF account to new account. Is there any rule pertaining this? I was under impression that old PF amount will be added up as carry fw balance for next yr to calculate interest. Pl clarify.

Dear atharva,

It should be carried forwarded, interest is calculated on the total accumulated balanced (old + current contributions).

How to check EPS balance ?

Dear Venu..You may have to contact EPFO office to check EPS balance.

Sir,

In my EPF Account my existing balance is RS. 140000 including employer share i want to withdraw some amount how much i can withdraw.

Dear MANJUNATH,

Suggest you to kindly read my article : EPF partial withdrawals – options & guidelines.

Thanks for the detailed information.

I have PF worth 90K. I have done service in a company “X” for 4years ,8 months and quit the job in jan 2015. I’m not continuing with any job for next 2-3 years.These are my questions:

a)If I keep the money in PF account for 3 years, will it earn interest?

b)Since I do not have 5 years of continuous employment, will it be taxed?

c)When we withdraw PF, will the pension fund also be given?

Please suggest , if it is good to keep in PF account for another 3years or withdraw the money.

Thank you!

I have a similar query.

I worked continuously in a company for 4 years 10 months and quit in May 2015. I am not employed right now. Since the withdrawal guidelines state that 2 months of unemployment is necessary, would that account for 5 years in total (4.10 years+ 2 months) and would withdrawing after 5 years make it non-taxable ?

Also, is it advisable to withdraw the amount right now when I am not employed as it falls in the 20% tax bracket and would be my only source of income so would bring the tax down to a great extend (given I earn nothing currently) or to keep it till the time I can.

Dear Sana,

I believe that as your contributions are for 4.10 years, TDS can be applicable.

The decision to withdrawal is dependent on your requirements. If you do not have any obligations , suggest you to withdraw and invest in some other better investment options as per your financial goals.

I have seen my EPF statement and understand the details of what employee and employer has contributed in last 7 years of my service. My question is how can i get the information about any money added because of the govt interest rates/schemes. I don’t see that in the statement.

I was planning to withdraw all money from my account and keeping it in FD for more benefits as i was not able to understand the benefit of keeping money in EPF. Please advise.

Dear Sonika,

You can find entries related to ‘Interest amount credits’ in the PF statements. Are you currently employed?

Kindly read my article : Avoid investing in RDs/FDs for long-term.

Thanks for your reply. Yes, i am currently employed and after going through the statement i thought where are the interest rates and thought may be idea of FD is better. There are no columns of interest credits in the statement and there is only monthly credited amount mentioned and there is no mention of interest credit. There is one additional row annually “Int. Updated upto 31/03/2013”; is it the interest rate and the row you are talking about?

Dear Sonika…Yes, it is ‘int udpated..’…

If you are currently employed..you have the options to withdraw EPF money partially..

If service is complete 10 years but employer not update epf last 10 month at that time employee is eligible for under 10 years epf withdrawal please guide us

Dear Raju..I am unable to understand your query..

I would need clarification on ppf interest calculated. When I see FD, I aM getting higher interest although the ROI is only 8.2%.

Although My total PPF is higher than 1 lac, I aM usually getting 2000-3000 rs only. If it is FD I should be getting More than rs 8000 p.a.

Please clarify why this is like this.

Thank you for your help.

Dear SEKHAR,

So much difference in interest earned. Somewhere your calculation or understanding is wrong.

Also, note that interest earned on FD is taxable.

Dear sir,

The payment of Aug month Contribution is paid in this month only?

Sir

i joined in the month of Jan,2008 in p.ltd.co. at the age of 52 years,still i am doing my job,& the co.is deducting my p.f rs.1800 p.m.& they are not seperate the employer contribution as epf & eps what is the rule kindly confirm or

elobrate the same

thanks

Dear Parkash..I did not get your query.

You may read this article : EPF & EPS.

Sir,

which is better option for Savings of PPF & Post office saving scheme..

regards

Ravi

Dear Ravi…Let me know more about your Financial Goal(s).

how the total interest of a financial year is divided between employee share and employer share

Dear Amardip,

It is based on the contribution amount.

Kindly go through my article – EPF Scheme components.

Sir

I got my eps amount as average salary x table D factor which was told by epfo in response to my grievance.but said you that eps is calculated as last salary x table D factor.Please answer

Dear Seema,

I did not get your query.

Thank you for your wonderful article and information on EPF related matters.

I read in some internet source that tax benifit cannot be claimed for principle or interest earned for employer contribution for EPFO scheme under section 10 (D) and other section at the time of retirement.

I would be thankful, if you can clarify whether both employee and employer contribution and its interest are tax free at the time of retirement or interest earned in employee contribution is only tax free ? What are the tax liabilities for employee and employer contribution ? I would be thankful, if you can eloborate this matter.

With Kind Regards

Aravind

Dear Aravinda,

Tax benefits are not available on employer’s contributions (u/s 80c).

At the time of retirement, the entire EPF a/c money is tax exempted.

I worked in a company for 4 years and 6 months and withdrew my PF after 5 years due to travel abroad. During withdrawal the PF trust has deducted around 22% of the total settlement amount. Could you help me understand is TDS applicable here and if yes is this the right amount to be deducted?

Dear Raghavendra,

When did this deduction happen?

Kindly go through my article : EPF withdrawals & new TDS rules.

PF withdrawn after 5 years is tax exempt. Which part interest or entire amount has to be shown in itr under schedule EI ?

Dear ATS,

You can show the total amount that has been received.

Hi,

My PF deduction monthly is around 1800/month till date and the same share is from Employer’s end as well. I have been working in the company since Sep 2010.

My question is – If i happen to withdraw it in the month of Oct 2015. How much amount can i expect?

Appreciate your help.

Thanks in Advance,

Dear Santhosh,

You may check the current balance by sending an SMS and add next 3months contribution, you will get the approx amount.

I have some doubt:

I have worked on Company A from March 2006 to October 2008.

Then I shifted my job and worked on Company B from November 2008 to November 2011.

Then I shifted again to Company C and working there since November 2011.

Both my PF A/Cs in Company A and Company B remained unoperative until April 2015 as I did not transferred the balance in my old PF Accounts to the new Accounts.

I have initiated and get the balance transferred from PF A/Cs of Company A and Company B to Company C in April 2015 and the transfer has already been done and the balance is now reflecting in my New PF A/C.

However, the EPFO did not pay any interest on the amount accumulated on my PF A/Cs in Company A and Company B.

So, my question is:

1) Do I entitle to get the interest for the three years even though the balance transfer from old PF to new PF account is initiated after three year (as in my case)?

2) If yes, what I need to do to get the interest from the EPFO.

Thanks,

Sandeep

Dear Sandeep,

Company A – you have to get interest for the period from 2008 to 2011 (3 years) though no contributions were made, after that the epf a/c would have become in-operative.

Company B – you have to get interest for the period from 20011 to 2014 (3 years) after that the epf a/c would have become in-operative account.

Yes, you are entitled to get interest.

You may contact the nearest EPFO office for details. Contact details are available on EPFO website.

My salary was 4500 at exit,I have received 17615 in form 10c,so what was my service year calculated, 4year or 3 year.actually I have spent 6 years in job.but epf was deducted 1year later,now my account was inoperative,& epfo doesn’t say anything,except saying you have settled

Dear Srikant,

Could you please tell that in pf slip form 23 is pension amount included or only epf from employee & emplyr?

Please confirm

Tks in advance.

Dear Sheela,

EPF/ PF contributions are only reflected in the Form 23 and it is maintained by the respective PF offices in the member’s account individually.

Hi Sreekanth,

I have been working from Feb 2013 for a company. I am planing to resign and moving to hometown. Also no more planing to work for any company. Can you help me on below given queries?

1. Can i keep the account without withdrawing money? Will the interest will be calculated up to 58 years?

2. If withdraw money how to get full amount without any tax?

3. Can i deposit money for each month as a self employment for each month?

Thanks In Advance,

Mohan

Dear Mohan,

1 – Interest will be credited for next 36 months only. After that, the EPF a/c will be considered as inoperative one.

2 – You can not avoid tax. Tax is applicable.But, if you do not have any other income in a given Financial year then you can file ITR and get refund of any TDS that has been deducted, accordingly .

3 – No. You may consider PPF (Public Provident Fund)

Hi Srikanth,

If interest calculated fro 36 months can i leave it without encash?

And can i apply after 2 years to withdraw(i.e. completion of 5 yr period)?

So it is like 3 years operated account and 2 years In-operated account.

Please suggest me.

Dear Mohan,

Your period of service can still be considered as 3 years only, as not contributions will be made for 2 years.So, accordingly TDS rules apply on withdrawal .

Hi Sreekanth,

i have worked in X Company for 4 Years and i joined in Y Company and I have transfer my PF to Y(New) Company.

will interest calculated on my OLD PF(from X Company) money or will calculated only for New PF(from Y Company)

Thanks,

Srinivas

Dear Srinivas,

The balance is carried forward and get accumulated in your EPF a/c. The interest is calculated on the entire balance 🙂

Thank you so much Sreekanth.

Hiii sreekanth I have a pf account in which my contribution is around 900 rs p/m for 6 month..I left tht company a year ago…in may 2014 …so now how many amount I will get if I withdraw the money

Plz hlp me on this

Dear Pankaj,

Are you currently employed? Do you have active UAN?

please send excel so that i can calculate my PF

Sent, dear Tushar..

Hi

I have a question on the taxation of the EPF amount. If I work in a company for 3 years (throughout which the EPF contributions are made) and then I quit the company but do not withdraw or transfer the EPF amount. If I submit the papers to withdraw the EPF amount after 2 years

1. Will I be taxed as I have technically let my account be “alive” for a continuous period of 5 years?

2. Will I earn interest for the 2 years that I have not contributed?

Please clarify.

Thanks

Dear Sumitra,

The EPFO’s circular says ‘years of service’, so in this case TDS will be applicable. You will get interest, after 3 years of non-contribution the account will be treated as in-operative one and interest will not be paid.

kindly read my article – Inoperative EPF A/c .

you are requested to please give me advice that i will transfer the EPF from old employer to current employer account than the amount of pension contribution will be transfer along with employee share and employer share

Yes, dear Hari 🙂

i am due to retire on 30/06/2015.I understand i can keep my PF with my company;s PF Trust (recognized by GOI) for 3 years & interest received at the end of 3 year period is not taxable.Can u elaborate the income tax rule to claim exemption of above interest @.

Dear Pratap,

I do not have information as of now.

Please help in getting information on the same …I also want to know whether I earn interest for one year or three years without withdrawing it

Dear Mauli,

What is that you require?

Hi Sreekanth,

I am in my 10th year of service. With X company 5.1 yrs and still working for Y. I did transfer PF from X to Y. Once I stop working and want to withdraw PF amount, do I still need to pay tax on my withdrawal amount ?

Please clarify.

Dear Lakshmi,

No, TDS / Taxes are not applicable for the given scenario.

Hi Sreekanth,

Nice article with examples. Can you share excel on my email?

Thanks

Dear Pradip..forwarded the sheet 🙂

I resigned a job , since feb2014 , now i am working abrod, so i am not filling any EPF , so the balance amount in my EPF account will get interest or not?

Dear Srinivasu,

Interest amount will be credited for 3 financial years only.

Read my articles;

Unclaimed investments

EPFO in-operative account

What about transfer claims? Is that included for Interest calculation for next month?

Thanks, Sathish

Dear Sathish,

I did not understand your query. Kindly rephrase it.

A person as resigned and joined a new company and transferred his PF account in Jun. Then in this case, Jul interest would be calculated as (current company employee contribution+End of month balance till Jun+Interest from prev month balance + previous company employee contribution).

Is this correct?

Dear Sathish,

Employer’s contribution is also included while calculating the ‘interest amount’.

One more doubt is whether the 6500 is maximum ceiling or minimum? If my salary including DA is 50000, does employer contributes 12% of 50000? I hope it is.

In that case, fo EPS too, is 6500 is minimum?

Thanking you in advance.

Dear Nirmala,

I did not understand your first query.

Kindly visit this link for more details on components of EPF – Click here

Thanks for your simple and crisp explanation on EPF Interest calculation. And it was exactly in time for me. I had been trying for it, but I used to get information in bits and still incomplete. Now I will start calculation and I hope I can get further help in case I find some difficulty.

Further I have a query on calculation of withdrawal benefit.

My basic pay when I retired on 31 -3 -2014, at the age of 60 – on superannuation, after completing 9 years of service was Rs. 30000/- Can you please tell me what is the amount of withdrawal benefit, I should get? Can you tell me the actual amount applying the chart in schedule D or so? Is it 6500*9.88= 64220? I was paid Rs.46345/- I dont understand.

NO;1-HOW TO I KNOW THE PF AMOUNT I WILL GET AFTER MY 6 YEAR PF CONTRIBUTION

2;MINIMUM MOUTH OF GETTING PF AMOUNT

3;WHEN I AM ELIGEBLE FOR MY PF AMOUNT , MIN YEAR 1 OR 2 YEAR

Dear Ramesh,

It depends on your contribution amount. You need to contribute for a minimum period of 5 years to withdraw your EPF money.

Have a question on the EPF interest calculation you have explained here.

The interest earned in the previous year Rs152 has not been included to the previous year closing balance of Rs7133 while calculating interest for Apr-13.

The interest calculated in Apr-13 shows only (Rs7133 x 8.75%)/12. This should have been (Rs7133+152)x(8.75%/12) .. Any reasons why it was not included?.

Please clarify.

Dear Arun,

The interest is paid on previous month’s ending balance. So Rs 152 is included in April’s balance and the interest is paid in May.

IS EMPLOYEE INSURANCE AMOUNT WILL PAY TO HIS NOMINEE WHEN EMPLOYEE DIED DURING DUTY OR DIED ANY TIME.

Dear Sunil,

May I know what Employee insurance are you referring to?

Very nicely Described,,,, by Sreekanth Reddy

Thanks Vijay. Keep visiting!

hiii shreekanth

my organisation have kept pf as optional if taken then 24% of basic will be deducted from my salary itself then should i opt for pf or go for lic investment

Dear Sagar,

Is this your first job? Is 24% an optional one or is it mandatory?

If you want to save some taxes, and do not have sufficient life insurance cover then you may buy a good Term insurance plan. Do not buy money-back or an endowment policy. Kindly read my article – “Top 7 best online term insurance plans“.

Hi,

when I viewed the PF statement, it showed interest credited for the contributions made in 2014 – 15 (which is showing in correct amount only). However the statement doesn’t reflect the interest earned for the balance amount that is present till March 2014. Is this common or there is an issue here?

Kumar

Dear Kumar,

I did not understand your query.

May be the interest amount of Mar month is not yet shown in the balance??

Excellent explanation on each topic. Keep it up.

Thank you Deepak.

Dear Sreekanth,

A very well researched, informative and well explained article. Please keep it up.

Ranvir

Mr Singh, thank you. Keep visiting!

Hi Sir,

I have downloaded my PF contribution from the EPFO website, but the interest earned, does not match with the calculation. [ http://bit.ly/19LTFks ] file is available in this location.

Kindly, verify and let me know.

Regards,

Tuhin

Dear T P,

The calculations depend on your basic salary component.

Please share the excel sheet used for calculation

Dear Srikanth garu,

Through Excel sheet.

Thanks,

R.Ravi.

Hi Ravi, excellent article, pls share the excel file.

Thanks

Dear Srikanth Garu,

Nice article.Thanks for your time.

Pls share an article on interest calculation on R.D’s through.If possible to send on mail id pls do so.

Thanks,

R.Ravi.

Dear Ravi,

Kindly read my article on “Recurring Deposits & Fixed Deposits – Taxes“, it has some information about the interest calculation on RDs.

Very good informative article Sreekanth, please do share the excel

Thank you

Sridhar

Dear Sridhar,

I have forwarded the excel sheet to your email id. Cheers!

Hi Sreekanth,

Very nice and informative article. Would it be possible for you to share the excel calculator?

Dear Gaurav,

Thank you for your appreciation.

I have emailed the excel sheet. Cheers!

Good articles, simple and to the point!!! Do you offer any paid services in financial matters?

Dear Rajiv,

Thank you.

Kindly contact me at sreekanth[at]relakhs.com

I want your suggestion regarding my choice of funds and any changes to be made .

1. IDFC PREMIER EQUITY FUND-GROWTH (REGULAR PLAN)

2.ICICI PRUDENCIAL FOCUSSED BLUECHIP EQUITY FUND FUND REGULAR PLAN GROWTH

3.ICICI PRUDENTIAL VALUE DISCOVERY FUND REGULAR PLAN GROWTH

4.UTI OPPORTUNITIES FUND GROWTH PLAN

I am planning to invest for 5 years please give your suggestion.

Dear Aarti,

1 & 3 Funds are Small-Midcap oriented funds. So, you shortlist one fund. You may consider ICICI Pru Value discovery fund

2 & 4 – These are large cap funds. Both are equally good funds on all parameters. You can confidently invest in any one of them.

(if you want to leave your comments related to equity funds, suggest you to leave them after this post “Top Equity Funds.”)

You explained it in a very simple way, easy to understand, great job, thank you so much Sreekanth.

Dear Radha,

Thanks so much. Keep visiting!

Hi Sree….

In a very cut short form , you have provided a detailed information…reagarding epf interest is a very helpfull to all of us….

thank you…..

Dear S A K Jilan,

I need to thank you too for clarifying some of my queries related to EPF interest calculation. Cheers!

Good one Srikant – Thanks

One question – will the pension contribution also paid along with PF when employee withdraws the PF from the company ?

Dear Nags,

Nice to see you here.

Legally, we should not withdraw PF and Pension (EPF & EPS), if we are joining a new company.

Yes, you need to submit withdrawal request for both provident fund and pension monies.

Very nicely written. Keep it up.

Dear Suguna,

Thanks so much. Keep visiting!

Hi Sreekanth garu,

Thanks for sharing detailed info regarding EPF . it is very nice article. Thanks for your time!

– Rajendra

Dear Rajendra,

Thank you. Keep visiting!

Very good illustrations and detailing. Great Article at a very good time!

Dear Sathish,

Thank you for your appreciation. It means a lot to me. Keep visiting!

Hello Shreekant,

Thanks for the information

Please share the excel

Thanks,

Praveen