However, it is always necessary to keep this account updated and for this it is necessary to update KYC. If you contribute to EPFO ​​and you have not yet updated KYC in EPF, then update it quickly sitting at home. Let us tell you the whole process related to this…

• Login to your account on the EPF portal through UAN.
• After this go to the ‘Manage’ section and click on ‘KYC’.
• Enter all the required information and tick the box of the document to be updated.
• Click on ‘Save’ under the ‘Pending KYC’ section.
• The updated document is verified from the department of the concerned data.

Explain that in Budget 2023, Finance Minister Nirmala Sitharaman has reduced TDS on EPF withdrawal, giving great relief to Employees Provident Fund (EPF) account holders. TDS deduction on EPF accounts has been reduced from 30 per cent to 20 per cent in the new budget plan.

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Balance can be checked even without UAN

If you want to check the balance of your PF account, then now you do not need to go to the Employees’ Provident Fund Organization for this. For this you do not even have to have a UAN number. It has been seen many times that people forget their UAN number, but now you do not have to worry. Now you can check your PF account balance even without UAN number.

PF account balance will be like this

To check the balance of PF account, first you have to visit its official website epfindia.gov.in. Then you have to click on the option of click here to know your EPF balance.

In the second step, you will be redirected to the page of epfoservices.in/epfo/ through a redirect link. After this you have to click on the option of ‘Member Balance Information’. After this you have to select your state and click on the EPFO ​​office website link of your state.

In the third step, you have to enter your ‘PF account number’, name and registered mobile number. After that you have to click on the option of ‘Submit’. As soon as this process is completed, the balance of your PF account will be visible on your website.

Balance will also be known through missed call

You can also check the balance of your PF account by sending EPFOHO UAN to 7738299899 from your registered mobile number under EPFO’s SMS service. You can also check your PF account balance by making a missed call on 011-229014016 from your registered mobile number.

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Employees’ Provident Fund Organization has told why this amount is not showing in your account. The Finance Ministry has issued its clarification on this subject.

Finance Ministry gave information

In a tweet, the Finance Ministry has blamed the technology for this. Giving information, the ministry has said that due to ‘software upgrade’ for changes in the taxation law on PF savings, customers are not able to see the interest credit. The ministry tweeted, ‘There is no loss of interest for any customer. The interest is being credited to the accounts of all EPF subscribers. However, this is not visible in view of a software upgrade being implemented by EPFO.

Let us tell you that in response to a tweet by Mohandas Pai, former director of Infosys Technologies, the Finance Ministry issued a clarification. “Payment along with interest is being made to all outgoing customers seeking settlement and customers seeking withdrawals,” the ministry said in another tweet.

There is no loss of interest for any subscriber.

The interest is being credited in the accounts of all EPF subscribers. However, that is not visible in the statements in view of a software upgrade being implemented by EPFO to account for change in the tax incidence. (1/2) https://t.co/HoY0JtPjII

— Ministry of Finance (@FinMinIndia) October 5, 2022

Mohandas Pai tweeted

In fact, earlier Mohandas Pai has tweeted, tagging Finance Minister Nirmala Sitharaman, Prime Minister’s Office and PM Narendra Modi, “Dear EPFO, where is my interest?

This time getting the lowest interest

It is worth noting that according to the information given by the government, EPF subscribers will get an interest rate of 8.1% for 2021-22 in their retirement savings accounts. Earlier in March this year, the Employees’ Provident Fund Organization (EPFO) had decided to reduce the 8.5% given on EPF deposits in 2020-21 to 8.1% for 2021-22.

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It is believed that the pension or interest amount will be paid by the EPFO ​​before the festive season. Earlier, the payment of pension to the employees has been started under the Prayas scheme. In fact, EPFO ​​has paid pension to 307 employees of various organizations of Gujarat on Thursday.

All the employees were involved in the effort program. Explain that under the Prayas scheme, pension orders are issued to all the member employees on the day of their retirement. The Regional PF Office of Ahmedabad is one of the largest office in the country and pension has been paid by this organization to its 370 employees. According to the same figures, pension was provided to more than 1000 people for June. Every month 500 people are covered under the Prayas scheme.

In which the amount of pension has been paid to 307 pensioners under the Prayas system. Earlier, electronic facility has also been started by Employees’ Provident Organization Fund. Which will be checked for EPF compliance. EPFO employs employees through registered contractor.

The details of contractor and contract employee can also be accessed on one report of EPFO. Please tell that soon the interest money will be bought in the account of PF employees. For this the wait of the employees is also going to end.

It was decided by the government to give 8.1 percent interest in the financial year. Which is the lowest recorded in 40 years. According to media reports, till August, the interest money of the employees can be credited in their account. Due to which 6 crore employees will get its benefit.

However, no official announcement has been made regarding the rate of onion so far. At the same time, if there is 8 lakh rupees in the account of the employees at the rate of 8.1 percent interest, then interest of 64000 will be credited to them.

The post EPFO Latest Update: EPFO Issued Pension for Employees Under Prayaas Yojana, check details immediately first appeared on Rightsofemployees.com.