EPFO Interest Credit Date: Interest related data is issued all over India in one go. For this information is given to the regional offices (EPFO Regional Office). Also, one day the data is updated after stopping the normal work.
PF Interest Credit Date: There is great news for PF account holders. The confusion over the interest earned on the amount deposited in the PF account is over. The interest for the year 2020-21 is fully expected to be received by Diwali. It has been said on behalf of the Employees’ Provident Fund Organization that interest related data is issued in one go all over India. For this information is given to the regional offices (EPFO Regional Office). Also, one day the data is updated after stopping the normal work. After this the interest amount goes into the account of the subscribers.
Just wait for two to four days
Authorized sources of the Provident Fund Office in Patna said that interest related data has not been released at the national level yet. It will be released in two to four days. This time EPFO has announced to pay 8.5 percent interest on the amount deposited in the account. In this way, if you have 10 lakh rupees deposited in your PF account, then you can get interest up to 85 thousand rupees. If you have 20 lakh rupees deposited in your PF account, then the interest amount can go up to one lakh 70 thousand rupees.
PF account for savings and secure future
PF is a great means of saving for the salaried people and also a safe investment for the future. The interest rate on PF account is generally higher as compared to the fixed and recurring deposit schemes available. The PF account holder also gets the facility of insurance and pension after retirement automatically. A certain amount is deposited every month in the PF account from the salary of the employed people. It is the responsibility of the employer to deposit it in the PF account. The nominal amount deducted from the salary every month becomes very high till retirement. With this, at the time of retirement, people get a substantial fund for their future life.
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