Interest calculation on EPF balance

Q & A Forum › Category: Provident Fund (EPF & PPF) › Interest calculation on EPF balance

rngbhatia asked 8 years ago

Interest calculation on EPF balance withdrawn post resignation, post 3 months of no service with any other company? Is the interest calculated till the preceding month of withdrawal of PF or on a daily interest basis like in FD's, till cheque release date?

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Sreekanth Staff answered 8 years ago

Hi, The Interest in EPF is calculated on the basis of monthly running balance.

On withdrawal, I believe that interest amount till the preceding month of withdrawal is payable. Related article : https://www.relakhs.com/epf-interest-calculation-provident-fund/