Retired from MNC, no 8.15% EPF interest in 2022-23: What to do?

Ans: You should withdraw your EPF(with interest)and invest in PMVVY, SCSS, Postal MIS(15, 30, 15, total 60L) since these come with sovereign safety.

Then look at FDs but prefer Big/Govt banks and do split it into small ticket size across banks.

Ensure adequate healthcare support for self and spouse in retirement.

SWP from MFs is also an option to get periodic payments from MF corpus but you will need advice from an MF advisor to plan this.

*Investments in mutual funds are subjected to market risks. Please read all scheme related documents carefully before investing

You may follow us on X at @mars_invest for updates

Ans: Your situation involves transitioning your PF from a company trust to the Government EPFO and missing interest for a specific period. Here is a clear approach to resolve the issue:

Understand the Rules for EPF Interest
Post-Retirement Interest: Interest on EPF balances continues to accrue for up to 3 years after the last contribution if no withdrawals are made.
Company Trust to EPFO Transition: Interest should be calculated and transferred accurately when your account is moved from the trust to EPFO.
Entities to Contact
Employer/Company Trust:

Since your PF was managed by the company trust until July 2024, verify if they have calculated and credited interest accurately up to the transfer date.
Obtain a detailed statement from the company trust showing contributions, interest, and the closing balance transferred to EPFO.
Government EPFO Office:

Contact the EPFO regional office where your PF account is maintained after the transfer.
Share all supporting documents, including the statement from your employer and the trust transfer details.
EPFO Grievance Portal:

If no resolution is provided through direct contact, register a complaint on the EPFO Grievance Management System:
https://epfigms.gov.in
Documentation to Prepare
Copy of your EPF Passbook showing contributions and missing interest entries.
Detailed statement from your employer/trust covering interest calculations and transfer details.
A copy of the transfer request and acknowledgment when the account was moved to EPFO.
Proof of your retirement date (e.g., retirement letter).
Steps to File a Complaint
Write to Your Employer/Trust:

Request confirmation of the interest credited up to July 2024.
Obtain written acknowledgment of the transfer details.
Submit a Grievance to EPFO:

Visit the EPFO grievance portal and register a complaint.
Attach all relevant documents for reference.
Follow Up with EPFO:

Visit the regional office in person, if necessary.
Request a written response explaining the missing interest and the corrective action.
Escalation Options
EPFO Helpline: Call the toll-free number 1800-118-005 for immediate guidance.
RTI Application: File a Right to Information (RTI) application if responses are delayed or unclear.
Labour Ministry: As EPF falls under the Ministry of Labour, complaints can also be directed there if EPFO fails to act.
Way Forward
Ensure both the trust and EPFO account for the interest from September 2022 to September 2025.
Regularly monitor updates in your EPFO passbook for corrections.
Keep all communications documented for future reference.
With these steps, your issue can be resolved systematically.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Hello;

EPS closes at 58 but you may keep contributing to pf as long as you stay in active employment.

You will get interest on all your contributions. No need to worry.

Ensure entire 12% of employer contribution is credited to your pf account.

Best wishes

Ans: EPFO interest is usually credited late. It often happens in the second half of the year.

You may check the “Passbook” after September for updates.

If still not credited, raise a grievance on EPFO portal.

Late credit is common and usually resolved without loss.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment