EPFO – Good News Update 2023: By the end of this month, great news is coming for the 7 crore subscribers of the Employees’ Provident Fund Organisation. The government is going to transfer the interest of FY 2022 to the account of EPFO EPF account holders. Let us tell you that this time interest will be given at the rate of 8.1 percent.
EPFO – Good News Update 2023
EPFO – Good News Update 2023
According to the information received so far, the Employees’ Provident Fund Organization has calculated the interest received in the PF account in the financial year 2022. Soon it will be transferred to the account of EPFO account holders. This time a total of Rs 72,000 crore deposited in the government’s EPFO account will be sent to the account of the employed.
When will the money be transferred : Employees’ Provident Fund Organization Update
Significantly, last year people had to wait for 6 to 8 months for Employees’ Provident Fund Organization interest. But, last year the atmosphere was different because of Covid. This year the government will not delay. According to media reports, by the end of this month, the EPFO interest money can be transferred to the account. This year’s interest is at the lowest level in 40 years.
Interest calculation is quite simple: EPFO Interest Calculation
- If you have Rs 10 lakh in your PF account then you will get Rs 81,000 as interest.
- And if you have Rs 7 lakh in your PF account, you will get Rs 56,700 as interest.
- If you have Rs 5 lakh in your EPFO PF account, then Rs 40,500 will come as interest.
- If you have one lakh rupees in your account, then 8,100 rupees will come.
Know balance by missed call: Employees’ Provident Fund Organization Good News
To check EPFO PF money, you have to give a missed call on 011-22901406 from your registered mobile number. After this, you will get the details of PF through the message of Employees’ Provident Fund Organisation. Here also it is necessary to have your UAN, PAN and Aadhaar link.
Check Online Balance : EPFO – Good News Update
- To check balance online, log on to EPFO’s website, click on e-passbook at epfindia.gov.in.
- Now a new page will appear on passbook.epfindia.gov.in as soon as you click on your e-passbook.
- Now here you fill your username (UAN number), password and captcha
- After filling all the details, you will come to a new page and here you will have to select the member ID.
- Here you will get your EPF balance on Employees’ Provident Fund Organization e-passbook.
Balance can also be checked on UMANG app
- For this, open your UMANG App (Unified Mobile Application for New-age Governance) and click on EPFO.
- Now click on Employee-centric services on the second page.
- Here you click on ‘view passbook’. With this you fill your UAN number and password (OTP) number.
- OTP will come on your EPFO registered mobile number. After this you can check your pf balance.
EPFO Latest Update Check
Employees’ Provident Fund Organization (EPFO) is a statutory body established by the Government of India. Being the largest social security organization of the country, it primarily encourages people to save for retirement among others. Employees’ Provident Fund Organization comes under the purview of the Ministry of Labor and Employment and was established in 1951.
Employees’ Provident Fund Organization Interest
According to the official website of EPF India, the current annual interest rate on EPF for the year 2017-18 is 8.55 per cent, while the interest rate for the financial year 2016-2017 was fixed at 8.65 per cent. The Central Board of Trustees of EPFO reviews the interest rate of EPF for a financial year every year after consultation with the Ministry of Finance. Before the elections 2019, the EPF interest rate was increased to 8.65 percent. However, it is yet to be approved by the CBT, after which the proposal needs the concurrence of the finance ministry. All employees can become members of this Employees’ Provident Fund Organization!
EPFO New Update: You can also get 50 thousand bonus from PF fund, take advantage like this