EPFO rules say the claim should be settled within 30 days. If there is a delay, EPFO may have to pay 12 percent interest.
How to Claim the ₹7 Lakh Insurance Benefit from EPFO: If you are employed and a portion of your salary is deducted as PF ...
The compound interest is credited by EPFO on a monthly running balance basis at the statutory rate declared for each year. For 2024-25, EPFO declared an interest of 8.25%.