EPFO final PF withdrawal rule: How is your interest calculated up to the payment authorisation date?
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Key takeaway
EPFO will now pay interest on final PF withdrawals up to the date of payment authorisation, not just till the previous month-end.
- Step 1 · The triggerEPFO changes rule to accrue interest on final PF withdrawals up to the payment authorisation date
- Step 2 · Knock-onexiting EPF members receive a slightly higher final settlement, increasing household cash flow at exit
- Step 3 · Reaches youSMEs with EPF-covered employees face a marginally higher outflow on exit settlements and must update payroll processes
The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.
Source: livemint.com
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