Government Declares 8.25% Interest for PF Employees.
The Employees’ Provident Fund Organisation (EPFO) has taken a significant step that affects more than 7 crore employees. It has retained the interest rate at 8.25% for the financial year 2024-25. The officials announced this after a meeting with the Central Board of Trustees (CBT).
Surely, employees will get their interest transferred just like last year. Though the as-yet unconfirmed date regarding the receipt of interest is something to report, it is likely said to be around the second week of April when the amount will be credited.
April marks the beginning of a new financial year and many employees eagerly await the clear variation of accumulated interest over the period. Since the same rates as last year have been retained, it is expected to bring some relief to millions dependent on PF savings for financial stability.
When will the amount be credited for interest payment?
The EPFO however, has not yet made any official announcement regarding the date of transaction. Several reports say that interest might be credited in some time during April.
This delay is because of all those procedural formalities going on before the transfer. However, members are advised to monitor their accounts and keep them updated through official EPFO channels.
Easiest Ways at Home for EPF Balance Checking
With every entry of new and better digital services checking your EPF balance has got the easiest way of doing the same. Gone are the days when all employees had to visit an office or put in a request with pages of content. All this can now be done within the comforts of your home with several means.
- Get to know the status via SMS.
The most uncomplicated method of finding out your EPF balance is through an SMS sent from your registered mobile number. Type “EPFOHO UAN ENG” and send to 7738299899. A message will be sent back to you with your current PF balance details.
- Missed Call Service
Another way is that if you want a little quicker way, simply call your registered number to 011-22901406 and you will get a confirmation SMS containing updated information about your PF within seconds.
- Use EPFO’s m-Sewa App
The next best option is using the EPFO m-Sewa app that can be downloaded from the Play Store. Once the application has been installed, log in using your UAN (Universal Account Number) and password to view details of your account.
- Access the EPFO Portal
This can now be done using the official website of EPFO, which allows the employees to know their PF status online. Visit the portal and click on the ‘Our Services’ tab and follow the instructions towards checking your balance instantly.
- The UMANG App – A Government Initiative
Download the UMANG app, which has been launched by the Government of Indi, and use this app for easy PF account details. Available in Play Store, download it, and log in to check your balance within minutes.
For Assistance, You Can Reach the EPFO Helpdesk
Employees can raise queries or face technical issues with the EPFO helpline. If there is any complaint in balance check, account numbers or PF statements the support team will help.
Easy as pie is tracking now your EPF interest and balance with quick access to digital services.
Keep abreast, ensure that your mobile number is registered, and make use of such facility to keep your savings under control.
EPFO 3.0 Explained: How You Can Now Withdraw Pension & PF from Any Bank
https://whatsapp.com/channel/0029Vb0RZMy3LdQbd5tc8V2c
