EPFO Good News: The government has stamped the interest rate on the amount deposited in the Employees’ Provident Fund Organization (EPFO). For the financial year 2021-22, the interest rate on EPF has been fixed at 8.01. At the time of joining in every new company, a new PF account starts from the old UAN number.
EPFO Big Good News :The government can soon transfer the interest received on the amount deposited in the Provident Fund (EPF) to the account holders. In such a situation, if you have also changed jobs, then you must have opened more than one PF account. The problem with more than one PF account is that the funds of old companies are not able to be added to the new PF account. For this, PF account holders have to merge the account by visiting the EPFO website. Only after this your total PF amount is shown in the same account.
You Must know, when will the money come
The government has stamped the interest rate on the amount deposited in the Employees’ Provident Fund Organization (EPFO). For the financial year 2021-22, the interest rate on EPF has been fixed at 8.01. If the news is to be believed, then at the end of August, the government can put the money of interest on the amount deposited in the PM. Therefore, if you also have more than one PF account, then merge it, so that your total amount shows in one account.
At the time of joining in every new company, a new PF account starts from the old UAN number. In such a situation, to merge them, you first have to go to the official website of EPFO. Here you go to Services and click on One Employee- One EPF Account. After this the form for merging EPF account will open. Here the PF account holder has to enter the mobile number. After this, UAN and current member ID will have to be entered.
You Should know, why Number required for account merge
When you will fill all the details. After this you will be generated OTP for authentication. It will come on your registered mobile number. As soon as you enter OTP. Your old PF account will be visible. Then enter PF account number. After that accept the declaration and submit it. Your merge request will be accepted. After a few days of verification, your PF account will be merged.
You will be able to take advantage of any kind of online facility related to PF only when you know your UAN (Universal Account No). Also it is necessary to have UAN activated.
If you want to check your PF balance, then you can know your PF balance by making a missed call on 011-22901406 from the mobile number registered with EPFO. PF details are available through EPFO’s message.
