If media reports are to be believed, the process of sending money to the employees’ accounts may begin from February 28 and EPF interest money may be credited to the accounts before the festival of Holi.
There is a possibility that by the end of this month or the first week of March, at the rate of 8.1 percent, the government can transfer interest money to the accounts of PF account holders.
EPFO PF Interest Amount: The wait of 6.5 crore employees and account holders (PF Account Holder) of Employees Provident Fund Organization is going to end soon. Soon the interest money (PF Interest Rate) will be credited in your account for the financial year 2021-22. There is a possibility that money can be transferred to the accounts anytime in March. However, official confirmation is yet to be made.
Actually, EPFO had said in October that EPF Subscribers will start getting money from November, but this did not happen. While the Finance Ministry had approved the interest payment at the rate of 8.1% in June 2022 itself.
In the past, Harbhajan Singh Sidhu, General Secretary of the Hind Mazdoor Sabha had told that he had submitted an interest rate of 8.1% for 2021-22 in front of the EPFO officials. Raised the issue of non-deposit of rate, on which EPFO said that there is some problem in the system (software) and it should be resolved soon.
Money can come in March
If media reports are to be believed, the process of sending money to the employees’ accounts may begin from February 28 and EPF interest money may be credited to the accounts before the festival of Holi.
There is a possibility that by the end of this month or the first week of March, at the rate of 8.1 percent, the government can transfer interest money to the accounts of PF account holders. However, due to the long process, it may take up to March 15-20 for the interest money to come into the account of all the account holders. However, EPFO has not yet officially made any information or announcement regarding this.
Who will get how much benefit
It is estimated that a total of Rs 72,000 crore deposited in the account of the Central Government will be sent to the account of the employed. It is believed that if an employee has Rs 1 lakh in his account, then the amount of interest will come to Rs 8,100. If you have Rs 10 lakh in your account, then Rs 81,000 and Rs 5 lakh are deposited, then interest of Rs 4000 can be transferred. If a consumer has Rs 7 lakh in his account, he will get Rs 56,700. Account holders and employees will get money at the rate of 8.10 percent. This will be the first time in 40 years that employees will get such low interest on PF.
Check balance like this
How to check online- Log on to epfindia.gov.in. Feed your UAN number, password and captcha code and click on e-passbook. Once you have entered all the details, you will be redirected to a new page. Now open member id now you can see 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.
Through SMS – Apart from mobile number, registered members on the UAN portal can receive their PF details by sending an SMS from their registered mobile numbers. For this, you have to SMS ‘EPFOHO UAN’ to 7738299899.
THROUGH MISSED CALL – EPFO subscribers registered on UAN portal can obtain PF details available with Employees’ Provident Fund Organization by giving a missed call to 011-22901406 from their mobile number registered with UAN.
