The central government is being very kind to PF employees these days. Last month, the central government had announced to give 8.1 percent interest to PF employees, which will benefit about 6 crore people.
Now the question in the mind of all the employees is that till when will the interest money be transferred to our PF account.
According to information received from the sources of EPFO, which cuts PF, it is believed that the interest money can be transferred to the employees’ account by the end of June. Accordingly, the interest money will come in the PF account within two months.
No official announcement has been made by EPFO to transfer money, but some media reports are claiming so. According to a government report, this decision was taken in the meeting of the Central Board of Trustees of EPFO.
In fact, to secure the post-retirement life of the employees, the Government had formed the Employees’ Provident Fund Organization.
Under this, it is mandatory for all the onroll employees to have a PF account. A certain part of the salary is deposited in this account.
The company also deposits the same amount in the same account. On which interest is fixed every year by the government. When the employee retires or leaves the job, he can withdraw all the money from the PF account.
Check with EPFO
- Download Umang App on your smartphone through Play Store.
- Register your phone number and login to the app.
- Go to the ‘Service Directory’ by going to the menu given in the top left corner.
- Search and click on the EPFO option here.
- After going to View Passbook here, check the balance through your UAN number and OTP
