EPFO Interest Credit New Update: Before this festival, the Employees’ Provident Fund Organization ( Employees’ Provident Fund Organization ) The wait of 6.5 crore people may be over. We are talking about EPFO account holders… It is expected that before the festival, the government can transfer the interest money to the account. Earlier, before the presentation of Budget 2023, people expected that this amount would be deposited in their account, but this could not happen. Although Finance Minister Nirmala Sitharaman had announced the change in PF rules in her budget speech.
EPFO Interest Credit New Update
Employees’ Provident Fund Organization (EPFO) during the budget Employees’ Provident Fund Organization ) After the announcement of changes in the rules regarding PF, the expectation of the account holders has increased again that soon the interest money received on the deposits in EPFO for the financial year 2022-23 can come into their account. If media reports are to be believed, a similar possibility is being expressed in them that before Holi, the government can give a big gift to the members of the Employees’ Provident Fund Organization (EPFO).
There has been no announcement from the Employees’ Provident Fund Organization yet.
No official announcement has been made by the government regarding the interest of the Employees’ Provident Fund Organisation. Let us tell you that the wait of EPFO account holders is getting longer. For the last few years, account holders are not getting PF interest money on time!
In 2020-21, 8.5 percent interest rate was fixed on EPFO in the month of March, while interest money was received in December 2021. At the same time, in March last year also, the interest rate for 2021-22 was fixed at 8.10 per cent, but even after the start of the new year 2023, the money could not be transferred to the Employees’ Provident Fund Organisation’s account.
Lowest interest rate in 40 years: EPFO Interest Rate Check
According to the news, if the government transfers the PF money to the accounts of EPFO account holders before Holi, then it will be a big gift for them. Please tell here that in March 2022, the rate of interest 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 maintained at 8.25 per cent or more in the Employees’ Provident Fund Organisation. 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 in the financial year 2015-16 was available.
How to check after money transfer: EPFO Interest Credit Update 2023
12% is deducted from the salary of the employee in the EPF account. EPFO reaches 8.33 percent of the deduction made by the employer in the employee’s salary to EPS (Employee Pension Scheme), while 3.67 percent reaches EPF! The government has given many options to get information about the interest money coming in your Employees’ Provident Fund Organization account.
Through SMS : Employees’ Provident Fund Organization SMS Helpline
To check EPFO balance via SMS, send the message ‘EPFOHO UAN ENG (replace ENG with HIN)’ to 7738299899. In the reply, you will get the Employees’ Provident Fund Organization balance information.
Through EPFO’s website: EPFO Interest Credit Update 2023
Go to the website of EPFO. Select ‘For Employees’ from the dropdown of ‘Our Services’. After this click on EPFO Member Passbook. Now login with the help of UAN number and password. Now choose the PF account and as soon as you open it, you will see the Employees’ Provident Fund Organization balance.
Through the Employees’ Provident Fund Organisation’s UMANG app
You can also check pf balance through umang app. For this, if you have a smartphone, open the Umang app and click on EPFO. Now click on Employee Centric Services and after that click on View Passbook and enter EPFO UAN and Password. Enter the OTP received on the registered mobile number and your Employees’ Provident Fund Organization (EPFO) Employees’ Provident Fund Organization ) Balance will be displayed.
EPFO Latest Update Good News: EPFO gave good news, now employees will get this facility
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