Interest on idle PF a/cs : from April 1st

EPFO had stopped payment of interest to inoperative accounts from April 1,2011.
Retirement fund body EPFO decided to provide interest on inoperative accounts from April 1st which will be benefiting 9 crore account holders having total deposits of over Rs. 32,000 crore.
The decision was taken by central board of trustees, the Employees Provident Fund Organisation’s apex decision-making body headed by labour minister Bandru Dattatreya.

Leave a Reply

Your email address will not be published. Required fields are marked *