Staff Provident Fund: There’s excellent news for PF account holders. Large info has been given for taking 7 crore subscribers of Staff Provident Fund Group ie EPFO. Truly, the account holders are apprehensive about the truth that the curiosity of PF has not but reached the account. In such a scenario, a PF subscriber has expressed his anger by tagging EPFO on Twitter. After this EPFO has introduced its reply.
Twitter consumer requested a query
A Twitter consumer has written a tweet tagging EPFO, Ministry of Finance and PMO India, ‘EPFO has not but paid the curiosity for the contribution of 2021-22. Cease this loot and provides folks their cash. It's unhappy that even the opposition is silent on this. December has arrived. If you happen to can't pay curiosity, then cease taking cash from the working class.
EPFO has given its reply on the tweet of a Twitter consumer named Nikumbh. EPFO has written in its reply, ‘Pricey member, the method of depositing curiosity is occurring and it is going to be mirrored in your account quickly. Curiosity will likely be paid in full as and when it's credited. There will likely be no lack of curiosity.
PF account holders have gotten an enormous reduction from this reply of EPFO. Now it's anticipated that earlier than the brand new 12 months, curiosity cash will come within the account of the account holders. Truly, the curiosity of PF passes via a protracted course of, resulting from which there's a delay within the launch of curiosity many instances. The EPFO belief fixes the speed of curiosity and sends its suggestion to the finance ministry. Funds are raised solely after getting approval from there.