EPFO Interest – Major good news for EPFO members. Even after the end of contribution of the Employee Provident Fund Organization (EPFO) members-beneficiaries, interest will continue to be paid on the amount deposited in their account for 36 months. In such a situation, the Bihar government has announced to bring teachers under NPS by giving them the status of state employees.
In such a situation, it is seen that teachers are claiming full or partial amount for withdrawal from their accounts. In this regard, EPFO Bihar-Jharkhand Zone Commissioner Rajeshwar Rajesh said that compound interest is being given in these accounts at the rate of 8.25 percent.
This is more than all other schemes. In such a situation, one should avoid withdrawing money in a hurry, because the money is completely safe, one should not believe in any kind of rumours.He said that if the amount is withdrawn completely, the members or their families may lose the pension benefits. He said that as long as the pension amount is not withdrawn, the member will remain eligible for pension. In the event of his death, his dependents will also get pension.
This is more than all other schemes. In such a situation, one should avoid withdrawing money in a hurry, because the money is completely safe, one should not believe in any kind of rumours. He said that if the amount is withdrawn completely, the members or their families may lose the pension benefits. He said that as long as the pension amount is not withdrawn, the member will remain eligible for pension. In the event of his death, his dependents will also get pension.