calculation of PF interest

Querist : Anonymous (Querist) 03 June 2010 This query is : Resolved
I am central Govt. employee having GPF account. The interest on the balance to the credit is credited to the account every year. i.e a simple interest on yearly basis is paid as per CCS rules. But I find EPF interest is credit on the balance available every month. i.e the interest is compounded monthly. Why this desparity. Can this be legally challenged.

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Guest (Expert) 03 June 2010
You can escalate this issue through proper channel for remedy. In case of non-receipt/unfavourable reply, you can seek 'writ remedy' at High Court.

B K Raghavendra Rao (Expert) 03 June 2010
Schemes governing GPF and EPF are different and it needs to be taken up at higher level to erase the discrepancy.

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