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What is the iterest rate of provident fund amount?

Updated: 8/16/2019
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15y ago

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It is 8.5% compounded yearly

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15y ago
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Q: What is the iterest rate of provident fund amount?
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There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year


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Is provident fund employees asset and are you right to ask your provident fund balance?

Provident Fund is a portion of our salary that our employer deducts every month. This money is remitted to the government of India's PF trust. This money is used by our government for its cash needs. Once we retire or close our PF account, the money that has accumulated against our name would be given back to us. The money in our PF account grows at the rate of 8.5% per annum compounded every year.Yes it is an asset for you and you have all rights to ask your provident fund balance.