Central Govt. approves 8.10% interest rate on PF deposits for year 2021-2022
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- By Chetan Kulasri
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- Last Updated on 6 June, 2022
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Notification no. INV-11/2/2021—INV/4670, dated 03-06-2022
The Ministry of Labour and Employment, Government of India has conveyed the approval of the Central Government to credit interest @ 8.10% for the year 2021-22 to the account of each member of the EPF scheme.
The Employees’ Provident Fund Organisation (EPFO) has requested all the zonal and regional offices to issue necessary instruction to all the concerned for crediting the interest at the rate of 8.10% to the member’s accounts.
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I was a ex-railway person and i left railways since 2010 onward. Still i have not received my settlement. I would like to know that will the interest be paid for my PF amount which is non-operate till date?
Thanks
Chandra
Hi Chandra, In terms of the provisions of paragraph 60(6) of the EPF Scheme, 1952, interest is not credited to the account of a member from the date on which the account has become an ‘Inoperative Account’.
On the basis of the facts given in the query, the Interest can be claimed up to the expiry of three years from the date of retirement.