Once the Employees Provident Fund deduction has been deducted from an employee s salary, an employer must deposit the same in the EPF account within the prescribed time limit. However, there have been instances where an employer has failed to deposit the same on time. If the deposit is not made by the employer, it is ultimately a loss for an employee.
PPF interest credit is an ongoing process, which has been taken up in a scheduled manner post development of software, said Minister of State for Labour and Employment Rameshwar Teli.
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India Business News: The Employee's Provident Fund Organisation (EPFO) on Thursday decided to retain the interest rate on provident fund deposits at 8.5% for the financial