EPFO interest credit for 2021-22 news: Retirement fund body begins crediting interest | Check EPFO calculator, interest rate, process, reason for delay
EPFO interest credit for 2021-22 news: The finance ministry has said there is no loss of interest rate for EPFO subscribers and the delay in crediting interest for the last fiscal is due to software upgrade being conducted.
EPFO interest credit for 2021-22 news: The Employees' Provident Fund Organisation (EPFO) has begun the process of crediting interest for 2021-22 from Monday (October 31). The credited interest will soon reflect in the UAN/EPFO accounts of beneficiaries.
In an online query, the EPFO replied to one of its subscribers that "The process of crediting interest is ongoing and it will get reflected into your account soon." "Whenever the interest is credited, it will be paid in full. There will be no loss of interest," it added.
Salary account holders ALERT: 10 benefits and features that you may not knowEPFO calculator
Monthly salary (Basic + DA) - Rs 10,000
Your Age - 25 years
Your contribution to EPF - 12 per cent
Annual increase in salary - 10 per cent
Rate of interest - 8.1 per cent
You will have accumulated fund by the time you retire - Over Rs 1.65 crore
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