Provident Fund: EPFO is in the process of crediting 8.15% interest on PF accounts, here’s how to check online
Earlier, the central government had approved an interest rate of 8.15 percent for the Employees’ Provident Fund (EPF) scheme for 2022-2023.
Provident Fund Latest Update: Here comes good news for the Provident Fund subscribers. The Employees’ Provident Fund Organization (EPFO) on Friday said it has started the process of crediting 8.15 percent interest on PF accounts for the financial year 2022-2023.
Taking to social media, the EPFO said, “The process is in the pipeline and can be shown there very soon. When interest is credited, it accrues and is paid in full. There would be no loss of interest. Please be patient.”
The EPFO gave this information in a reply to an The interest will be credited when expected.”
While some users said they have already received their interest payments in their accounts, the EPFO said it may take some time for the amount to reflect in all accounts. Meanwhile, Union Labor Minister Bhupender Yadav said interest has already been credited to bills of over Rs 24 crore.
Earlier, the central government had approved an interest rate of 8.15 percent for the Employees’ Provident Fund (EPF) scheme for 2022-2023. The central government has also approved crediting 8.15 percent interest on EPF accounts for the financial year 2023-2024.
It is to be noted that the PF interest rate is decided every year by the Central Board of Trustees (CBT) of EPFO in consultation with the Ministry of Finance. The PF subscribers should know that after the interest is credited, it will be reflected in the individual’s PF account. The subscribers can check the Provident Fund account balance through various methods: SMS, missed call, UMANG app and EPFO website.
Provident Fund: Here’s how to check EPFO balance online
- First, you have to log in to the official EPFO portal at epfindia.gov.in.
- Then click on the home page and find and click on ‘Services’. Then click on the ‘For employers’ link.
- Then, on the next page, look for the ‘Services’ section and click on the ‘Membership Passbook’ link, which will bring up a login page on the screen.
- Then log into the account by entering your Universal Account Number (UAN), password and captcha code. Click submit.
- Finally, check your account details and the interest credited.
Provident Fund: Here’s how to check EPFO balance on UMANG app
- First log in to the Umang portal – https://web.umang.gov.in/landing/
- Then search for Employees’ Provident Fund Organization (EPFO) and click on View Passbook.
- To proceed, enter the Universal Account Number (UAN) of the EPF account.
- Then you have to click on to receive OTP and key the OTP on the registered mobile number.
- Select the member ID and download the e-passbook.
- After this, the e-passbook details and EPF balance will be displayed on the screen.