Interest of 2021-22 deposited in PF account

New Delhi:

Provident Fund interest deposits: When will the government deposit interest in the Provident Fund account.

This question has been troubling crores of PF account holders.

Right now lakhs of PF account holders are troubled by this question.

The situation of many people has become such that they do not even know when the interest has come or when the interest will come.

Every person involved in this trouble who is employed and a part of his earnings is deposited in PF account so that his future can be secure.

That is, he deducts a part of his earnings every month so that he does not face the possibility of starving in the future.

Not only this, it is also used to fulfill some of our important needs.

Apart from the employee, the company deposits money in the government-run EPFO ​​(Employees Provident Fund Organization) and because this fund is deposited with the government, the government also uses this fund.

The EPFO ​​department deposits a part of the earnings that the government or EPFO ​​EPFO ​​makes from the use of this fund in the form of interest in every government account.

Please tell that EPFO ​​has 24.77 crore accounts at present.

For information, let us tell you that interest is given on the amount that is deposited in the account with EPFO.

This interest is credited every year.

The rate of interest is also declared by the government.

But, surprisingly the interest of last year has been deposited now after a long delay.

The special thing is that EPFO ​​has deposited this money in the account of PM account holders, but still people did not know when this money came into the account.

Those people who have complete knowledge of their account and those who keep checking the account again and again and pay special attention to its amount, they have definitely come to know that 21-22 interest has been deposited in their account. But other people are not able to know this. 

this is the way

Those who are seeing the interest money by logging into the account, they are also not able to see it.

Many people are checking the interest in the statement for the months of February 23 and March 23.

But these millions of people are making mistakes.

The mistake they are making is that they are looking for the amount of interest in the statement of the months of this year.

What should be done is that if they see the statement of the month of March last year, then they will know that the interest has been deposited in their account.

If you look carefully at the statement of the month of March last year, then you will know that interest money has been added in the last line.

Because the interest is for 2021-22, so that too has been added there. 

Crores of PF account holders are still not aware that interest has come to their account.

The reason for this is also that the interest did not come into the account on time and no information has been given directly to the account holders from EPFO ​​about when it was deposited.

It is noteworthy that the year 2022-23 is also going to be completed.

It is believed that whatever multiplication should have been done by March 31, 22 would have been done but no one is giving the answer why the interest was not added.

Questions have also been asked to the government and it is being said on behalf of the government that this is the work of EPFO ​​and the department does this work with complete independence.

The government has no role in this.

Please inform that in 2020-21, the interest rates on PF were announced at 8.5 percent.

But this money was deposited in the account in December.

That is, despite the announcement in March, money was added to the account in December.

At the same time, in 2021-22, the rate of interest was declared by the government at 8.10 percent, whose money has now been deposited in the account.

It may be noted that the government has recently changed some rules related to PF account in the announcement in Budget 2023.

In the Union Budget 2023, the Finance Minister has announced changes in the rules for withdrawal of Employees' Provident Fund.

Now, if for some reason you have to withdraw money from your PF account before a period of 5 years and PAN card is not linked, then in such a situation, TDS will have to be paid at 20 per cent instead of 30 per cent.

These new rules will be applicable from 1 April 2023.