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Unable to see interest part in EPF account? Here’s why

krishna murthy
Is interest credited into your EPF account not visible? Don’t worry, the finance ministry has a clarification on this.
After multiple such queries, the ministry clarified that EPF subscribers are receiving interest on their retirement savings and are not suffering any loss.
There is no loss of interest for any subscriber. The interest is being credited in the accounts of all EPF subscribers.
However, that is not visible in the statements in view of a software upgrade being implemented by EPFO to account for the change in tax incidence.
For all outgoing subscribers seeking settlement and for subscribers seeking withdrawal, the payments are being done inclusive of the interest.
In June, the government approved an interest rate on EPF deposits of 8.1 percent for 2021-22, down from 8.5% the previous year.
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