Employee's Providents Fund Organisation [EPFO] — Provident fund - interest computation

Address:

Bangalore, Karnataka

I was working in a company in chennai which manages the provident fund through its own trust. The company head office is based in bangalore. The company has and exempted pf trust and received the pf trust number under karnataka regional provident fund commissioner's office.

I had the following issues.

1. Salary is paid to us on the 1st of every month (Occasionally before the 1st also) and the pf contribution is deducted at the time of paying our salary. Would like to know from when interest for the pf contribution should be paid to us. Currently we are getting interest only from the next month as the company is taking time to transfer funds to the trust which is paying interest based on the opening balance of each month.

2. Are all pf trust governed by the same rules and regulations. Are these set by each company or are they governed by the central provident fund rules and regulations.

Please clarify.

Thanks & best regards
V. Ganesan
+[protected]