EPF Facts 3 – No interest on EPS (Employee Pension Scheme)

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…

Something About Employees’ Provident Fund (EPF)

The EPF (Employees’ Provident Fund) is an investment scheme launched by Govt. for salaried individuals and is maintained solely by the Employees’ Provident Fund Organisation of India (EPFO).  As per EPF scheme, any establishment having more than 20 employees has to register with the EPFO. Every employee is allotted UAN (Universal Account No.) by EPFO…