look news india
EPFO: The Employees Provident Fund Organisation (EPFO) has said that the revised EPF interest rates are already being given to outgoing members in their final PF settlement. This means that retiring EPF members are getting interest along with their PF settlement. Know in detail here..
What is the EPF interest rate for the financial year 2023-24?
The Government of India has fixed the interest rate for EPF members for the financial year 2023-2024 at 8.25% on May 31, 2024.
EPFO said this
EPFO said in a post on social media X that interest rates for EPF members are not credited on a quarterly basis. Usually annual interest rates are declared in the first quarter of the financial year after the end of the financial year. The Government of India has already released the interest rate of 8.25% for the financial year 2023-24 for EPF members. On 31-05 2024, EPFO has released the money to the members who left EPFO membership on the basis of revised interest rates.
Interest paid to 23,04,516 members
EPFO in its X account said that 23,04,516 EPF claims have been settled and an amount of Rs 9260,40,35,488 has been released to the members including the declared interest rate at the rate of 8.25% per annum. However, EPFO has not yet given any clarification to the active EPF members about when they will get the payment of interest for the financial year 2023-24. Many active members have asked EPFO on social media when they will get EPF credit.
You can check EPF balance online
Through EPFO Member Passbook Portal
-Visit the official EPFO member passbook portal.
-Enter your UAN and password to sign in.
– Select the PF account you want to view.
– Click on View PF Passbook for all transactions. Here you will get the balance.
Umang App:
Umang App is a new age integrated mobile application launched by the Government of India. It has many apps related to the needs of common people which you can use.
Step 1: First install the UMANG app.
Step 2: Open the app and go to EPFO.
Step 3: Enter your UAN and password to sign in.
Step 4: You will then be able to see your EPF balance and other details.
There are also some offline methods to check your EPF balance.
SMS: If your Universal Account Number (UAN) is linked to a registered mobile phone number, you can send an SMS to 7738299899. You can also select your language here. Within a few seconds of sending the message, you will receive your current EPF balance via SMS.
missed calls: If your Universal Account Number (UAN) is linked to your registered mobile number, you can give a missed call to 011-22901406. The call will be disconnected automatically and you will receive your EPF balance details via SMS.