How Employees Provident Fund(EPF) Interest is calculated?

How EPF Interest is calculated

How Employees Provident Fund(EPF) Interest is calculated? As an employee, you would get Provident Fund statement every year. However, you might be wondering on how employees provident fund (EPF) interest is calculated in that statement. What are the components in Provident Fund? Which components in your EPF account affect the interest computation? As an employee, can you try and increase EPF Interest in a financial year? I would provide some insights on EPF interest calculation in this article. What is […]

» Read more

Should you withdraw or transfer Provident Fund (EPF) during a job change?

PF Withdrawal or transfer which is better

Should you withdraw or transfer Provident Fund (EPF) during a job change? Many of the employees would change the job to move in their career. One financial aspect which would come into mind is whether we should withdraw or transfer an employee provident fund (EPF) during a job change. In this article, I would provide some views on what an employee should do about provident fund when he or she would change jobs? What is employee provident fund (EPF)? When you […]

» Read more

Online PF transfer and withdrawal from July 1, 2013

Online PF transfer and withdrawal from July 1, 2013

Online PF transfer and withdrawal from July 1, 2013 One of the painful problems an employee faces when he/she changes the job is, transferring or withdrawing Provident Fund amount from old employer. Employee Provident Fund Office (EPFO) has announced few days back about automating the process of PF transfer and withdrawal / settlement. In this article we would discuss about this new process and how it would run and benefit subscribers or EPFO or employees. Long awaited process for EPFO […]

» Read more