Account holders are complaining to EPFO ​​on Twitter. On one such complaint, EPFO ​​has given a reply regarding transfer of interest amount. Explain that the government has fixed the interest on PF at 8.1 per cent for the current financial year.

Money will come soon in the account

Responding on Twitter, EPFO ​​said that the process of transferring the interest amount continues. It will appear in your account soon. The payment of interest amount will be completed. There will be no loss to the account holder. It is believed that the wait of 6.5 crore people may end soon. The wait for EPFO ​​account holders is getting longer. For the last few years, the account holders are not getting the money of PF interest on time.

Talking about the change in PF rules, on February 1, 2023, while presenting the general budget of the country, the government had announced relief regarding the withdrawal of EPF money. Under the new rule, now TDS deduction on withdrawal of money deposited in PF has been reduced from 30 percent to 20 percent. This decision of the government will benefit such PF account holders whose PAN card is not updated in their PF account. Till now, if someone’s PAN card is not updated in the records of EPFO, then he had to pay TDS at the rate of 30 per cent on withdrawal of money.

lowest interest rate

In March 2022, the rate of interest received on deposits in PF account was reduced from 8.5% to 8.1%. This is the lowest interest rate in almost 40 years. Earlier in 1977-78 the interest rate was fixed at 8%. Since then it has been continuously at 8.25 per cent or more. In the financial year 2018-19, 8.65 percent, 8.55 percent in 2017-18, 8.65 percent in 2016-17 and 8.8 percent interest was available in the financial year 2015-16.

How much is deducted from salary?

A deduction of 12% on the salary of an employee is made for the EPF account. 8.33 percent of the deduction made by the employer in the salary of the employee reaches the EPS (Employee Pension Scheme), while 3.67 percent reaches the EPF. To get information about the interest money coming in your account, the government has provided many options.

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Money can be transferred to the account soon:

Most of the employees of the country have their own PF account in which they contribute every month. If your PF money is deducted from your salary, then soon a large amount can be transferred to your account. At present, the PF account of more than 6 crore employees is present across the country.

Who will get this benefit:

Employees’ Provident Fund Organization (EPFO) will transfer PF interest money to the employees’ account very soon. In such a situation, those employees whose PF account has Rs 5 lakh deposited, they can get 40 thousand rupees as interest. According to media reports, the interest amount will be transferred to the PF account soon.

Check PF account balance sitting at home:

• To check the balance of PF account, you have to visit the website epfindia.gov.in.
• Then click on the option ‘Click here to know your EPF balance’.
• After this, through the redirect link, you have to go to the page of epfoservices.in/epfo/.
• – There you have to click on the option of ‘member balance information’.
• Then the PF account number and registered mobile number have to be entered there.
• After this, after selecting your state, you have to click on the website link of your state’s EPFO ​​office.
• Finally, click on the option of ‘Submit’.
• After completing this process, you will be able to see your PF account balance on the screen.

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EPFO Interest Credit Date: EPFO ​​has given a big gift to the employees. If you are also employed, then soon PF interest money is going to come in your account. The interest money for the financial year 2022 has started coming into your account, but even after this the interest amount is not visible in the statement of many people. On this matter, the government has said that the software is being updated, due to which it is not showing in the statements of many people, but for this you do not have to worry.

Interest is being received at the rate of 8.1 per cent, the
Central Government is getting the benefit of interest at the rate of 8.1 per cent on PF. This rate of interest is the lowest in the last 40 years. At the same time, earlier in the year 1977-78, interest was given at the rate of 8 percent.

Let us tell you how you can check your interest amount –

Check balance by missed call You can also check the interest amount by giving a missed call from your registered mobile number. You have to give missed call on 011-22901406 from your registered mobile number. After this, all the details of interest will come on your number.

Check from the official website

Apart from this, you can also check through the official website epfindia.gov.in. After visiting this link, you have to go to the e-passbook. Now here you have to fill your username (UAN number), password and captcha. Now you will get all the details.

Check details from Umang app

Apart from this, you can also check the interest amount of PF through Umang app. You can download this app from play store. Have to go to Employee-Centric Service. Click on ‘View Passbook’. With this you fill your UAN number and password (OTP) number. OTP will come on your registered mobile number. After this you can check your PF balance.

Check details by message You can also check your balance by sending message to this number 7738299899. You have to send the message by writing EPFOHO. After this you will get the message.

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Earlier this year, the Central Board of Trustees, EPF, had recommended a rate of 8.10% annual interest on EPF accumulations in the accounts of members for the financial year 2021-22. EPFO announces PF interest rate every year.

PF customers can check their PF balance sitting at home using four different methods. PF balance can be checked by SMS, online, missed call and using UMANG app.

Know how to check EPF account balance online

• Log on to epfindia.gov.in
• Enter your UAN number, password and captcha code
• Click on E-Passbook
• When you have entered all the details, you will be redirected to a new page
• now open member id
• Now you can see the total EPF balance in your account

How to check EPF balance through UMANG App?

• open umang app
• Click on EPFO.
• Click on Employee Centric Services
• Click on View Passbook Option
• Feed your UAN number and password
• You will receive OTP on your registered mobile number
• Now you can check your EPF balance

How to check EPF balance through SMS

Apart from the mobile number, members registered on the UAN portal can get their PF details by sending an SMS from their registered mobile numbers. For this, you have to SMS ‘EPFOHO UAN’ to 7738299899.

How to Check EPF Balance Through MISSED Call

EPFO customers registered on UAN portal can get PF details available with Employees’ Provident Fund Organization by giving a missed call on 011-22901406 from their mobile number registered with UAN.

The post EPFO Update: PF interest money will be credited soon, know how to check your PF a/c balance first appeared on Rightsofemployees.com.

For information, let us tell you that the Central Government is going to transfer the PF interest money for the financial year 2022 to the account of the account holders. This time the employees are getting interest at the rate of 8.1%. EPFO has calculated the interest to be received in the PF account in the financial year 2022, after which it will soon be transferred to the accounts of the account holders.

• Money transfer will be done on this day

Talking about last year, EPFO ​​subscriber had to wait for 8 months for interest. But this year the government will not delay and if media reports are to be believed, then this time till August 30, the interest money will be transferred to the account of the employees.

• Get money like this

Additional suppose, that if you have 10 lakh rupees in your account, then you will get 81,000 rupees as interest. On the other hand, if you have Rs 7 lakh in your PF account, then you will get Rs 56,700 as interest. If you have Rs 5 lakh in your PF account, you will get Rs 40,500 as interest. Similarly, if you have Rs 1 lakh in your account, then you will get Rs 8,100 as PF interest.

• Check balance like this

You can also check your EPFO ​​employee balance online for which you need to log on to the official website of EPFO, epfindia.gov.in.

Now you have to click on Passbook, after which a new page will open in front of you. Now here you have to fill your username and password and capture.

After filling all the information correctly, a new page will open in front of you and here you will have to select the member ID. After that, one will see here by going to his EPFO ​​balance on the passbook.

Also you can check your balance from mobile number but here is the condition that your mobile number should be registered, you should send EPFO ​​UAN LN from your registered mobile number to 7738299899 after which you will get the answer in reply. You can check your balance from it.

Along with SMS, you can also check your balance by missed call. If your Aadhar card and PAN card are linked, you can also check your balance by calling 011-22901406.

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