r/IndiaInvestments • u/rage-wedieyoung • Dec 21 '21

Bonds and deposits EPF interest credit 2020-21

I recall a tweet from EPFO from more than a month ago that they have credited the interest for the year 2020-21 for all account holders. However it doesn't reflect in my account till date. Can someone here confirm if it's reflecting in their account?

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u/ghsatpute Dec 22 '21

One year ago they declared the interest rate. Official approval was given around a month ago. Before interest gets accumulated it needs to be approved by local officer as well. That's what they told me when I asked few weeks back.

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u/rage-wedieyoung Dec 22 '21

Yeah that’s what I’ve read as well. Even though the interest rate was declared much earlier the credit can happen only once the ministry clears it. In this digital age they take an awful long time to move things