Employees Provident Fund members are soon to receive money. EPFO will make interest credit of the previous financial year in their account on any day.
Employees Provident Fund members are soon to receive money. EPFO will make interest credit of the previous financial year in their account on any day. Most importantly, the interest for the financial year 2019-20 will come in two instalments. The view is that this time the interest in the members’ account will be credited twice. For the first time, the deposit will be at 8.15 per cent. The second time will be 0.35 per cent. The decision was taken at epfo’s board meeting.
Get interest twice
According to Prabhakar Banasure, member, Central Board of Trustees, 8.5% interest was confused due to covid, but the board has decided that 8.15 interest will be paid to subscribers in September and the remaining 0.35% will be given in December. Banasure told Zee Business that all subscribers need Rs 61,000 crore to pay interest at 8.5% interest and EPFO has an amount of Rs 58,000 crore.
Share in ETF to be sold
EPFO will sell the share of investment in its ETF, the share that will be sold, its current value is Rs 2800 crore and there is a shortfall of 2500 crore capital to pay 8.50% interest, selling a share in equity ETF investment in December.
Checking your passbook
EPF members should keep to know how much money their account is and how much interest is getting. It is important that they check their account amount regularly. A great way to check passbook or know your account balance is EPFO’s missed call service. A helpline number has also been issued for the same. You can also know pf balance online or from SMS.
Find out pf balance from missed call
Epfo will have to make a missed call on 011-22901406 from your registered mobile number. You also receive a message immediately after a mixed call. This message comes from AM-EPFOHO. The message contains all the information about your account. Member ID, PF Number, Name, Date of Birth, EPF Balance, Final Contribution. If your company is a private trust, you will not get the balance detail. You’ll need to contact your company for this.
Check PF Balance and Passbook Online
1- EPFO has facilitated epf balance check on its official website. You will find a link to the e-passbook in the upper right of the website.
2- The person will then have to enter the UAN number and his/her password.
3- After entering the UAN number and password on the website, you need to click on the View Passbook button and you will know the balance there.
Can balance check from the app
Also, the PF balance can be traced from epfo’s app. Click on the member first and then enter the UAN number and password.
Deposits are fixed amount
An amount is fixed for depositing money in PF. Employees and companies are to pay 12 per cent of the basic salary and dearness allowance (DA) every month. 8.33% of the 12 per cent amount goes to EPF kitty. 3.67 per cent of the share is deposited in the EPF.
Past 15 days my claim status is settled but I haven't received my money yet please give me a solution I tried so many times on pf office numbers but nobody is answering
ReplyDeleteDear Sir. Is there any provision of voluntarily increasing the PF subscription by the subscriber (employee) to ensure safe savings for the future. However, I will not request the Employer to increase his share.
ReplyDeleteLast year worked pf cutting and company closed so want to pf number ,passward not giving .What are doing? Tell me...
ReplyDeletePlease provide my pf no and password
DeleteLast year worked pf cutting and company closed so want to pf number ,passward not giving .What are doing? Tell me...
ReplyDeleteADD MY PHONE NUMBER 7382497045 MY UAN NUMBER IS 100208920812
Delete