Please clarify on the following:
I have an inoperative PF Account since 1995. I am now in the process of submitting the PF Claim Form. Would the Interest on this Account be accrued till the settlement date? If not, is there a time period limit for the Interest accrual? I was of the opinion that the PF Interest would be accrued only for three years from a given last transaction in an inoperative account. However, in today’s Mint newspaper, I see that interest is applicable till withdrawal date. Is there any circular pertaining to this rule (of Nov 2016)? Please provide the same and also clarify on the requested questions.
As per amended rules (Interest on Inoperative EPF Accounts up to 58 Yrs of age), you will get interest up to the date of withdrawal (in your case).