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Home › Forums › Provident Fund › Final PF Calculation for Retired / Resigned A.T.
In our school three teachers have retired & resigned in the year 2010, 2011. But their GPF accounts have not been closed till now. Recently the PF interests for 2011-12 have been distributed among the employees; along with interest an order has been enclosed which says that for retired or resigned A.T. the pf a/c had to be closed. Although their GPF subscription has been stopped but their interest is being credited for year 2012-13. Now if their a/c will be closed then how will be their interest for 2012-13 will calculated and what will the procedure for final payment to them? What will be the procedure for refund of excess interest (if any)?