Loss of interest in PF transfer from EPFO to Trust

Save Share

This query is : Resolved

Sujit Dey (Querist)
Follow

25 July 2026 Dear Sir,
I have initiated online EPF transfer using UAN portal from EPFO to my company trust. Claim was settled on 23 April but Trust is showing the credit on 8 May. EPFO has paid interest till 31st Mar and on raising grievance to EPFO, they said, Trust should interest from 1st April onwards. But Trust is showing credit date on 8th May, although transfer actually happened in 23 April. As transfer in amount contains my entire service life's EPF amount of 25 years, I'll lose out approximately 59,000/- per month in interest at present interest rate of 8.25%.
In these circumstances, who is responsible for paying interest for the month of April?
Also, raising grievance on EPFO, they point to connect with company Trust and company trust does bother to respond. Please advise what can be done under this situation.
Warm Regards,
Sujit Dey

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
Follow

26 July 2026 The loss of interest during the PF transfer transition is caused by an administrative gap between EPFO releasing the funds on April 23 and the company trust crediting them on May 8, compounded by EPFO cutting off interest calculations on March 31. To resolve this, the employee should file a formal grievance on the EPFiGMS portal demanding that EPFO account for interest up to the actual transfer date (April 23), and simultaneously request the Company's Trust Board to backdate the value/credit date to protect the member's 25-year accumulated corpus.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now