No Interest on EPS (Employee Pension Scheme)
I have already mentioned that a part of employer’s share goes into EPS. People usually think that they get interest on entire PF amount contributed by Employee and Employer. But actually this is not true.
Contribution to EPS out of Employer Share does not earn any interest. But it is used for
payment of Pension as per stated conditions in one of the previous post.
Must Read : Some facts about EPF
: EPF Facts 1 – Nomination and Insurance Facility
: EPF Facts 2 – Pension by EPFO
