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Provident Fund Gola | Need Expert Adv...

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Saint
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Username: Saint

Post Number: 60744
Registered: 01-2011
Posted From: 144.230.63.53

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Posted on Thursday, April 21, 2016 - 10:01 am:       


Braindrain:

My PF account in India is inactive from 2012. I am told that all inactive accounts will get interest for 36 months. That is upto 2015 for my case.




That is not true. 36 months limit is for something else I think.
 

Braindrain
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Username: Braindrain

Post Number: 362
Registered: 07-2012
Posted From: 8.19.113.13

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Posted on Thursday, April 21, 2016 - 09:59 am:       

My PF account in India is inactive from 2012. I am told that all inactive accounts will get interest for 36 months. That is upto 2015 for my case.

Now for last one year there is no interest accrued. My funds are lying there with no multiplication. I am reading the news websites but not clear what is the central govt imposing and then rolling it back. Such a hasty move by FM Arun Jaitley is creating a havoc.

Can anyone clarify :

1. Can I withdraw my PF funds now ? Or should I wait till I turn 58 ?

2. If I withdraw now, will there be any tax deducted ?

3. If I do not withdraw, will there be any interest given for such inactive accounts ?

Pls help...

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