Your PF will now earn interest, even if your employer has stopped contributing to it

The central board of trustees of the Employees' Provident Fund Organisation (EPF) has reversed the decision of previous UPA-II government and will now give interest on inoperative accounts from April 1, 2016.

Inoperative EPF accounts means there has been no contribution from either the employee or the employer for 36 months.

This will benefit around nine crore inoperative accounts of subscribers switching jobs.

"We have taken a pro-worker decision to give interest on inoperative accounts with effect from April 1, 2016," said labour minister Bandaru Dattatreya.

A sub-committee will be constituted for the same.