Big private and government companies of the country deduct the PF of the employees, so that their amount can be added.
The purpose of the government is that PF employees can use their accumulated money in the right place in future. Meanwhile, if someone’s PF is being deducted in your family, then this news is going to prove to be of great use to you. These days EPFO, which cuts PF, is once again going to be kind to the employees.
It is being speculated that by June 30, the interest money of PF will be transferred to the account of the employees, which will benefit about 6 crore employees. EPFO, the PF deducting body, has not yet officially announced the date of interest payment, but some media reports are making such a claim.
so much money will be transferred in the account
After the announcement of the central government, 8.1 percent interest money will be transferred to the account of PF employees. The announcement of giving 8.1 percent interest to PF employees for the financial year 2021-22 was made last month. For the first time in 40 years, the decision was taken to pay such low interest. This also dealt a blow to the PF employees.
The decision to pay the interest amount was taken in the meeting of the Central Board of Trustees of EPFO. At the same time, EPFO had transferred money at 8.5% interest in the financial year 2019-2020.
After this, only 8.5 percent interest was received in the fiscal year 2020-2021, while in 2018-19, the EPFO gave 8.65% interest. In the financial year 2017-18, 8.55% interest was received. In the financial year 2016-17, 8.65% interest was received and in the financial year 2015-16, 8.8% interest was received.
It is being speculated that by June 30, the interest money of PF will be transferred to the account of the employees, which will benefit about 6 crore employees. EPFO, the PF deducting body, has not yet officially announced the date of interest payment, but some media reports are making such a claim.
so much money will be transferred in the account
After the announcement of the central government, 8.1 percent interest money will be transferred to the account of PF employees. The announcement of giving 8.1 percent interest to PF employees for the financial year 2021-22 was made last month. For the first time in 40 years, the decision was taken to pay such low interest. This also dealt a blow to the PF employees.
The decision to pay the interest amount was taken in the meeting of the Central Board of Trustees of EPFO. At the same time, EPFO had transferred money at 8.5% interest in the financial year 2019-2020.
After this, only 8.5 percent interest was received in the fiscal year 2020-2021, while in 2018-19, the EPFO gave 8.65% interest. In the financial year 2017-18, 8.55% interest was received. In the financial year 2016-17, 8.65% interest was received and in the financial year 2015-16, 8.8% interest was received.
Umang app is becoming helpful
Download Umang App on your smartphone through Play Store.
Register your phone number and login to the app.
Go to the menu given in the top left corner and go to ‘Service Directory’.
Search and click on the EPFO option here.
After going to View Passbook here, check the balance through your UAN number and OTP.
At the same time, PF account holders can get all the data of their money with just one missed call. This is the easiest way to know money. For this, the subscribers of EPFO will have to make a missed call on 011-22901406 number from their Universal Account Number i.e. UAN registered mobile number.
