When will the interest money of EPFO come? Know how to check your account balance
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Provident Fund (Employee Provident Fund) has an important news for account holders this month. It is being told that by the end of the month of August, the interest received on the deposits of the account holders will be deposited in their account. Giving a big gift to the account holders, the interest rates have been increased by the central government. This year EPFO will give 8.15 percent interest on the deposited amount.
how to check pf account balance
To check your balance in EPFO account, visit Log in here with your Universal Account Number (UAN) and password. If you have not activated your UAN, you can do so by clicking on “Activate UAN” on the login page. After logging in, go to the “View” section and click on “Passbook” to view your EPF account balance, contributions and transactions.
UAN number will have to be linked with Aadhaar number
In order to get the amount of interest coming into the account of EPFO members, first of all it is necessary that it is very important to link the UAN number with the Aadhaar number. Along with this, the employees who have opened a new account or have made any changes in the details of the account, they are also required to link Aadhaar.
Earlier 8.10 percent interest was available
EPFO has reduced the interest rate on EPF deposits to 8.10 percent for 2021-22 in March 2022. This was the lowest interest rate since 1977-78, when the EPF interest rate was eight per cent. Let us tell you that recently the Ministry of Labor said that the data shows that in May 3,673 establishments have included their employees in the social security net of EPFO.
What is EPFO
Employees’ Provident Fund Organization (EPFO) was established in 1951 by the Ministry of Labor and Employment, Government of India. People are encouraged to save for retirement through this statutory body of the Government of India. The current interest rate on PF is 8.15 percent.
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