Before the Budget, 6.5 crore people got good news! Interest money has come into the PF account, check the passbook like this
EPF Account Balance: Before the Budget, the government has given good news to about 6.5 crore EPFO members. The Finance Ministry said on Thursday that the increased interest rates of EPFO have been approved.
EPF Account Balance: Before the Budget, the government has given good news to about 6.5 crore EPFO members. The Finance Ministry said on Thursday that the increased interest rates of EPFO have been approved. Along with this, the Ministry of Finance also informed that EPFO has already started settling claims at the rate of 8.25% per annum. The interest rate is calculated based on income from debt and equity investments of EPFO.
Interest was increased in May.
The Finance Ministry said that in February this year, the Employees Provident Fund Organization (EPFO) had announced an interest rate of 8.25 percent for the financial year 2023-24, which has now been approved. The CBT in its meeting held on February 10, 2024, recommended an interest rate of 8.25% per annum for the financial year 2023-24 and the proposal was sent to the Ministry of Labor and Employment for forwarding it to the Finance Ministry. After this, the Finance Ministry approved the annual interest rate at the rate of 8.25% on May 06, 2024.
The ministry said that after being notified, interest at the revised rates is being paid to the current and outgoing members in their final PF settlement. Given this, 23,04,516 claims have been settled and an amount of Rs 9260,40,35,488 has been distributed to the members including the latest interest rate declared at the rate of 8.25% per annum.
How to check PF balance
You can make a missed call on this number
If you want to check PF balance, then give a missed call to 011 22901406 from your registered mobile number. Your balance will be visible on the phone. Apart from this, you can check the balance by giving a missed call to 9966044425 from your registered mobile number.
You can also check the balance from Umang APP
To check your PF balance, you can visit the website of Umang. Apart from this, you can also check PF balance by downloading Umang APP in your phone. In this app, you get the benefit of 127 types of services. Umang app is a mobile app created by the Government of India which provides all-in-one single, unified, secure, multi-channel, multi-platform, multi language facility to the users.
Balance will be visible here on EPFO portal
To check your PF balance, go to the official website of EPFO https://www.epfindia.gov.in/site_en/index.php. Here you will see the option of EMPLOYEES on the home page. You can check your balance by entering your UAN and password there.
You can also check through SMS
To check your PF balance, you can check your balance by writing AN EPFOHO ENG from your registered mobile number and sending it to 7738299899.
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