[DaptChatterjee]

Originally Posted by raksrules

But I am stuck at one point which says "Attestation Through" and options are "Previous Employer" and "Current Employer". I am puzzled as what to select here.

Both the options are good and should work. If you select previous employer option then you will get a form that you have to sign and submit to your previous employer.

I tried with both attestation options and on clicking "Get Details" it keeps saying "No previous employment found for this UAN#".
Why would that happen?

Please check whether both the past and present PF accounts are visible in your profile. The accounts should also be visible on the transfer/claim page.

[DigitalOne]

Originally Posted by pramodpk

Thanks for the info. Could you please update how you raised the grievance?

Use this link : https://epfigms.gov.in/Grievance/GrievanceMaster

Give the category as "Passbook Enquiries". I got a response in around 5-6 working days.

[DaptChatterjee]

Just found out that interest for 18-19 financial year has been credited in my passbook

[sachinayak]

Originally Posted by DaptChatterjee

Just found out that interest for 18-19 financial year has been credited in my passbook

Is your EPF managed in-house by the Employer? In my wife's case, her PF account is managed by her employer and interest was credited into her account, but in cases where the PF is managed by the government, I haven't heard of any interest credit as yet.

Hence asking.

[DaptChatterjee]

Originally Posted by sachinayak

Is your EPF managed in-house by the Employer? In my wife's case, her PF account is managed by her employer and interest was credited into her account, but in cases where the PF is managed by the government, I haven't heard of any interest credit as yet.

Hence asking.

My EPF is Government managed one too. My wife, on the other hand, has not received the interest (her PF is also managed by EPFO). Many of my colleagues are yet to be credited. So, I guess, the process is still going on and would take some more time.

[ghodlur]

The interest for my PF contribution for the year 2018-19 has been credited. My PF is in company trust and interest rate of 9% has been announced.

[fordday]

Interest for my PF account was credited on 24th October. last year it was credited on 21 September 2018.

I have a query.
For next year interest calculation, will they use the interest credited date as 01 April 2019 or 24 October? If it is the latter, are we not losing interest for the period from 01 April?

[LonelyPlanet]

Where did you check the credited amount. At least it’s not reflected in my App

[fordday]

Originally Posted by LonelyPlanet

Where did you check the credited amount. At least it’s not reflected in my App

Assuming the query was directed at me, it is there in from the website E-passbook. Reading from the previous posts, it seems EPFO is doing the credit in batches, so everybody may not have got it till now.

[vinit.merchant]

Originally Posted by fordday

Interest for my PF account was credited on 24th October. last year it was credited on 21 September 2018.

I have a query.
For next year interest calculation, will they use the interest credited date as 01 April 2019 or 24 October? If it is the latter, are we not losing interest for the period from 01 April?

As far as I understand it, the interest credit, however late, is valuedated 01 April. And calculations are based on value dates. So we should all be fine.

[bluevolt]

I have submitted Annexure K (received from previous organization having private PF fund) to my current organization having government PF fund on 17th July 2019. It's been over 3 months now but the amount is still not reflected on my current passbook.

Please suggest what should be done.

[DigitalOne]

Originally Posted by fordday

Interest for my PF account was credited on 24th October.

PF account interest has been credited on 25-Oct for me.

[ashokrajagopal]

What is this new interest in seeing your interest in ones passbook ? PF is calculated for the service with exact dates of contribution and relevant interest rates. Whenever you have to withdraw it will be accurately calculated. You can use a spreadsheet for personal bookkeeping.
There s really no point in logging in each quarter and worrying about it.

[sachinayak]

Originally Posted by ashokrajagopal

What is this new interest in seeing your interest in ones passbook ? .....There s really no point in logging in each quarter and worrying about it.

I do not think so. Refer the article shared.

• Till the time interest is credited to the account, the amount will not get compound interest
• If a subscriber has ₹1 mn deposit in his EPF account, he or she will not get the benefit of compound interest of ₹86,500 for half a year

Source: https://www.livemint.com/politics/po...784717166.html


Since the last 5 years, I have been slowly and steadily increasing my contribution to my VPF (thereby reducing my takehome). Now I am at the max end of my VPF contribution limit, so for me these losses are quite significant. Am wondering why is there no legal action/case filed for this cause.

[ashokrajagopal]

Originally Posted by sachinayak

I do not think so. Refer the article shared.


Source: https://www.livemint.com/politics/po...784717166.html

Since the last 5 years, I have been slowly and steadily increasing my contribution to my VPF (thereby reducing my takehome). Now I am at the max end of my VPF contribution limit, so for me these losses are quite significant. Am wondering why is there no legal action/case filed for this cause.

There is no legal action because the article is plain wrong.
PF calculates compound interest based on quarterly running balances alright, but it does not happen on that exact calendar date.

When you raise a request for withdrawal, the PF system runs a calculation on the amount of contributions from you/employer, applies interest rates over the years to do the running total calculation and arrives at the amount eligible. So, if you are retiring in 2020, your PF passbook can have no entries whatsoever about interest. All that matters is whether the contributors have reciept of payment. The calculation is done based on all the interest rates that should apply and the final amount is cleared for payment.
PF system was running for decades thru paper. Now the EPFO does the calculations digitally, thats the only difference.