PF account holders: This money can be transferred in late August or early September. This time the government is giving 8.1 percent interest on PF.
This is the lowest interest rate in the last 40 years. Earlier in 1977-78, EPFO had given 8 per cent interest and thereafter it was 8.25 per cent or more.
12 per cent deduction on the salary of an employee is made for the EPF account. If we talk about the employer, 8.33 percent of the deduction made by him goes to EPS (Employees Pension Scheme), while the remaining 3.67 percent goes to EPF.
If your basic salary is 25 thousand rupees, then the total contribution of both the company and the employee in the EPF every month will be around Rs 3918. At the same time, you will get Rs 2082 every month in the EPS account.
Lowest interest rate in 40 years
EPFO has announced an interest of 8.1 percent for the financial year 2022. Finance Minister Nirmala Sitharaman had defended the cut in the interest rate on PF, saying that the EPFO has a central board which decides what rate is to be given to them.
He hasn’t changed it for a while. But now they have reduced it from 8.4 per cent to 8.1 per cent. In the financial year 2019-2020, 8.5% interest was given. Interest was also received at the rate of 8.5% in 2020-2021, while 8.65% in the financial year 2018-19, 8.55% in 2017-18, 8.65% in 2016-17 and 8.8% in the financial year 2015-16. was.
check balance online
You do not need to go anywhere to know your PF account balance. You can check your balance sitting at home. For this, you can know your balance by visiting the official website of EPFO, epfindia.gov.in.
After visiting this site, click on e-passbook. After clicking on it, you will have to fill your UAN number, password and captcha. By doing this, you will see the information related to the PF account. Here you will see the member ID. If you select it, then you will start seeing your PF balance on the E-Passbook.
missed call and sms
You have to make a missed call on 011-22901406 from the number linked to your PF account. Immediately after making a missed call, you will receive a message on your register number, in which PF balance information will be given. You can check PF account balance through SMS.
For this your UAN number should be registered with EPFO. First of all send EPFOHO UAN and SMS to 7738299899 from the registered mobile number. You will have to select the option for the balance information in the language in which it is available. For example, for Hindi, you will have to message by writing EPFOHO UAN HIN.
Check balance through app
For this, first you have to download the UMANG app. After that register your phone number and login to the app.
Go to ‘Service Directory’ by going to the menu given in the top left corner. Here search for EPFO option and click on it. After going to View Passbook here, check the balance through your UAN number and OTP.
