EPFO New Update: Company has not deposited the PF money? Do this work quickly, will get the full amount with interest

EPFO Members: If your PF money is not deposited by the company, then you can directly go to the EPFO ​​portal and lodge a complaint. EPFO imposes heavy penalty for any delay in PF.

Any company in the organized sector has to deposit the PF deducted from its employees every month with EPFO ​​i.e. Employees Provident Fund Organization. PF is very important for all employees. In this, the money given to the employee at the time of pension is collected, on which interest is also paid by the government. Many times it is seen that some companies deduct PF from their employees but do not deposit it in the PF account of the employees.

If company has not deposited PF then complain here

If any company does not deposit the PF on time, then you can complain about it directly on EPFO’s complaint portal epfigms.gov.in. EPFO has very strict rules regarding non-deposit of PF and if the company delays, it will have to pay a fine and will also have to pay interest on the outstanding money. While filing the complaint, you will have to submit salary slip and PF statement etc. along with PF account details.

How much penalty is imposed on the company for not depositing PF?

According to the post made by EPFO ​​on its official

If the employer defaults for less than two months, he will have to pay a damage of 5 percent, for two to four months, 10 percent, for four to six months, 15 percent and for more than six months, 25 percent. Damage cannot exceed 100 percent of the outstanding amount. Apart from damages, the employer will have to pay interest of 12 percent per annum on the dues.

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