If you also invest in EPFO ​​Account, then you must check the status of your EPF. You must check in the statement whether your company is also investing in the account along with you or not. Let us tell you that the same amount invested by the employee in the PF account is also invested by the company.

Actually, many times the company deposits the employee’s share in the PF account but does not deposit its own share. In such a situation, you can check the statement to know how much amount is in the account and in which month the company last contributed.

Now the question comes that if the company does not contribute to the PF account then where should you complain about it.

How to complain online

If the company is not investing in the PF account then you can complain about it online. For this, you can complain by visiting the official portal of Employees Provident Fund Organization (EPFO). To make a complaint, you will have to give a written complaint to the PF officer.

how to complain

• You have to go to EPFO ​​portal and log in through Universe Account Number (UAN) number.
  After this you have to click on Get Details.
• Here you will be shown all the information related to UAN number. After this you have to select Gate OTP.
• OTP will come on your mobile number, enter it.
• Now you have to fill all the other information like your name, gender, mobile number.
• After this you will have to upload the documents related to the complaint.
• In this way your complaint will be registered, the message of which will be received by you.

What is the necessary document?

Along with filing the complaint in EPFO, you will also have to attach some documents. You should collect the documents before filing the complaint. Actually, this document is used as proof.

If the company is not depositing money in the account then you have to attach the PF account statement to prove it. If the company has shown in the salary slip that it is depositing money in the PF account, then you can also use the salary slip as proof.

Let us tell you that if the company shows in the salary slip that it is contributing to the PF account but in reality it does not make many deposits, then EPFO ​​takes strict action against them.

The post EPFO New Update: What to do if the amount shown in the salary slip is not being deposited in the PF account? first appeared on Rightsofemployees.com.

EPFO has told that you will be able to find out through the passbook whether your interest money has been deposited in the PF account or not. You can check PF account online, for which you must have UAN number and password.

EPFO has made it clear that there will be no financial loss for late updating of interest. Updating the interest on the passbook is a process. There will be no actual financial loss on the date on which the interest is recorded in the passbook of the member.

No harm in withdrawing money before interest update

If a member withdraws his EPF balance before the interest is updated in his passbook, in that case also the interest payable at the time of claim settlement is calculated and automatically paid by the system from the date of delivery . Even in this case there is no financial loss to any member.

EPFO interest rate

For the financial year 2023, the interest rate on provident fund of employees has been increased to 8.15 percent. This will benefit more than six crore shareholders of Employees’ Provident Fund.

ईपीएफ सदस्य की पासबुक को ब्याज सहित अद्यतन करने से संबंधित अक्सर पूछे जाने वाला प्रश्न और इसका उत्तर…#AmritMahotsav #ईपीएफ #EPFOwithyou #epf @PMOIndia @byadavbjp @Rameswar_Teli @LabourMinistry @PIB_India @MIB_India pic.twitter.com/3hsL7xmDBF

— EPFO (@socialepfo) May 31, 2023

How to check passbook online?

You can access EPFO ​​passbook online through EPFO ​​website or mobile app. To do this you will need your Universal Account Number (UAN) and password.

Update on Higher Pension

The last date for submission of form under Higher Pension has been extended by EPFO ​​to 26 June 2023. Earlier this month, the labor ministry also cleared that an additional contribution of 1.16 per cent of basic pay for a member opting for higher pension would be barred from employers’ contribution to social security schemes run by the EPFO.

The post EPFO New Update: EPFO’s special message to 6 crore subscribers, information on passbook and interest update first appeared on Rightsofemployees.com.

PF account holders can get great happiness. The EPF Board has recently reduced the EPF rate from 8.5 per cent to 8.1 per cent for the 2021-22 financial year, which is being heavily criticized. EPF is now planning to give higher returns to its investors. Actually, the EPFO ​​board can take a decision on increasing the investment limit in the stock market.

Board can decide

It is worth noting that on July 29 and 30, 2022, the meeting of the EPFO ​​​​board is going to be held in which the proposal to increase the existing limit of investment in the stock market and related products from 15 percent to 20 percent can be approved. If the EPF board takes this decision, then investors will get more returns than investing in the stock market.

Government can announce

In a written reply to a question in the Lok Sabha, Minister of State for Labor and Employment Rameshwar Teli said, “The FIAC, a sub-committee of the CBT, has recommended raising the equity and equity related investment limit from 5-15 per cent to 5-20 per cent.” However, let us tell you that trade unions have been opposing the increase in the investment limits of EPFO ​​in the stock market. The government believes that there is no government guarantee on this investment, due to which investors may have to suffer losses.

Up to 20 percent investment in equity possible

Significantly, the Finance Investment and Audit Committee of EPFO ​​has approved the proposal to increase the limit of investment in the stock market to 20 percent. At present, the EPFO ​​invests only 5 to 15 per cent of its funds through Exchange Traded Funds (ETFs). Actually, this time EPFO ​​has got a return of 16.27 percent in 2021-22 from investment in equity, which was 14.67 percent in 2020-21. EPFO has invested in Nuclear Power Bonds for 15 years, on which an interest of 6.89 percent will be paid annually. At present, interest from 7.27 percent to 7.57 percent is being available on Central Government and State Government bonds. Obviously, EPFO ​​is getting low returns on investment in government bonds to corporate bonds.

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