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Now, Idle PF Accounts Will Earn Interest, 9.7 Crore Employees To Benefit

Now, Idle PF Accounts Will Earn Interest, 9.7 Crore Employees To Benefit

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In a big relief for nearly 10 crore employees, the money remaining idle in provident fund deposits for 36 months or more will now earn interest.

The inoperative or idle PF accounts were not paid interest since 2011. In case of PF accounts, if there is no contribution paid during the last 36 months, the accounts were classified as inoperative. Thus, earlier, if an employee quit his/her job and…

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