How To Check PF Balance: Every month a certain amount is deducted from the salary of the employee and deposited in the PF account. The same amount is also deposited in the PF account on behalf of the employer.
Provident Fund Interest Money: If you are employed and your company deducts Provident Fund (EPFO) money from salary, then this news is for you. PF account holders have been given good news by the Modi government after a long time. Actually, every month a certain amount is deducted from the salary of the employee and deposited in the PF account. The same amount is also deposited in the PF account on behalf of the employer. A fixed amount from the employer’s share goes to the EPS account.
The government had given the answer in the Lok Sabha,
last days it was reported that EPF interest for the financial year 2021-22 has not been deposited in the accounts of the employees associated with Employees’ Provident Fund (EPF). For this financial year, the interest rate was fixed by the government at the rate of 8.1 percent. Some MPs and employees’ organizations were raising their voice for a long time regarding this. Union Minister of State for Labor and Employment Rameshwar Teli had replied on this in the Lok Sabha.
Giving this information in a written reply in the Lok Sabha, Union Minister of State Rameshwar Teli said that depositing interest
in the EPF account is a continuous process. After the implementation of the new software, the interest is being credited on the basis of the prescribed method. He also told that due to the new rules related to TDS, the process of depositing interest in PF account was slow.
The money received by 98 percent of the account holders has
now been deposited by the government in the accounts of about 98 percent of the PF account holders for the financial year 2021-22. Let us tell you that for the financial year 2021-22, the interest rate on EPF was fixed at 8.1 percent. In such a situation, if you are also entitled to it, then check soon whether the interest money has been deposited in your PF account or not. Let us know how you can find out about it?
How to check PF balance
– First of all visit EPFO portal www.epfindia.gov.in . Click on the E-PassBook option here. On the new page click on UAN and enter the password. Enter the captcha code given below and click on the login button. After login, select the Member ID option, here you will get the passbook in PDF format. In this, you can check the amount of interest etc. that has come recently.
