Hi, I just checked my PF balance online. My deduction total employee and employer is 1560 p.m. for three years, the EPF account online balance shows EE arong 30000/- and ER around 9000 where as actual amount without interest comes to 56000/- . Please advise as I am confused as to why my online account is showing so low balance.
From India, Gurgaon
From India, Gurgaon
here u said ur contrb is 780 and employer is 780 per month
in the employer contrb 2/3rd goes to pension fund so remining 1/3 rd is 260
total pf in your account per month is 780+260 = 1040/-
per anum = 1040*12 = 12480 (interest @ 8.5%)
for three years this comes around = 12480*3 = 37440 without interest
with interest it comes to 44k change; subjected to your date of ojoining in the fund.
remaining amount = 520*12*3 = 18720 will be in your pension scheme (without interest)
with interest it comes around 20k
hope my answer satisfies you
From India, Warangal
6in the employer contrb 2/3rd goes to pension fund so remining 1/3 rd is 260
total pf in your account per month is 780+260 = 1040/-
per anum = 1040*12 = 12480 (interest @ 8.5%)
for three years this comes around = 12480*3 = 37440 without interest
with interest it comes to 44k change; subjected to your date of ojoining in the fund.
remaining amount = 520*12*3 = 18720 will be in your pension scheme (without interest)
with interest it comes around 20k
hope my answer satisfies you
From India, Warangal
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