Dec 7, 2021 | Posted by Admin

EPFO Credits 8.50% Interest in 22.55 Crore Account Holders for FY21

Employees’ Provident Fund Organisation (EPFO) has credited an interest rate of 8.50 per cent in 22.55 crore account holders for the financial year (FY) 2020-21, the retirement fund body announced today on its official Twitter handle. “22.55 crore accounts have been credited with an interest of 8.50% for the FY 2020-21," EPFO said in a tweet. 22.55 crore accounts have been credited with an interest of 8.50% for the FY 2020-21. @LabourMinistry @esichq @PIB_India @byadavbjp @Rameswar_Teli — EPFO (@socialepfo) December 6, 2021 In a circular dated 30 October 2021, EPFO announced the declaration of the rate of interest for the Employees’ Provident Fund Members accounts for the year 2020-21. “The Ministry of Labour and Employment has conveyed the approval of the central government under para 60(1) of Employees’ Provident Fund Scheme, 1952 to credit interest at 8.50 per cent for the year 2020-21 to the account of each member of the EPF Scheme as per the provisions under Para 60 of EPF Scheme, 1952," EPFO said in its official circular. Here are 4 ways in which EPFO members can check their PF balance online

1.To check the balance, EPFO members need to send an SMS to 7738299899 by typing EPFOHO UAN ENG.
2.Registered users can send a missed call to 011-22901406 after which they will get an SMS with details of the PF account balance.
3.Registered users can also check PF balance via EPFO website
4.You can also access your PF passbook on the UMANG app after logging in with your UAN and OTP.

Courtesy : Livemint, 06 December 2021

Recent News Feed :

New facility introduced on ESI maternity benefits

A new feature in the ESI portal is introduced towards the online submission of Maternity Claim benefits. The ESI IP Portal allows the insured woman whose PF UAN Numbers are seeded in the system to submit a claim for maternity benefits. In the event of confinement, maternity benef

Professional Tax Slab revised from 6000 to 12000 by Gujarat Government

The Finance Department of Gujarat vide a notification dated 8th April 2022 revises the slab of professional tax payable under the Gujarat State Tax on Professions, Trades, Callings and Employments Act, 1976. Global epidemic of Covid has adversely affected the econom

PF New Rule: EPF Benefits to Stop from Next Month if you do not Complete this By December-end

Employees Provident Fund Update: All account holders of the Employees Provident Fund will have to make changes in their accounts by December 31, as a new rule will be implemented from next month. The Employees Provident Fund Organisation (EPFO) has in a notification said that emp