The EPF interest amount has been credited to the employees’ account by EPFO. However, the complaint of non-appearance of interest amount is still coming in the account of some employees. Actually facing this problem due to software upload.
EPFO Employees Interest Credit: There is good news for lakhs of private and government employees of the country. Actually the interest money of PF account is continuously being deposited in the account of the employees. The process of interest of Provident Fund 2021-22 by the employees has started from God. However, the amount of interest continues to accrue in the accounts of the beneficiaries. 7 crore beneficiaries will get its benefit. However, the interest amount has not yet reached the accounts of many beneficiaries. After which assurance has been given by EPFO itself.
Amount of interest at the rate of 8.1%
EPF has assured that no one will lose interest due to the delay. The interest amount will be sent to everyone’s account. Explain that interest is being made available to the employees and EPF holders at the rate of 8.1%.
Complaint of amount not appearing in the statement
Apart from this, even after crediting the interest in the PF account, many people complain that they are not able to see the amount in the statement. On which the government has now given clarification. In the clarification issued by EPF, it has been said that due to the software update, sometimes the amount of interest is not visible. EPF and its software are being continuously upgraded. Because of this, the subscriber of Employees’ Provident Fund Organization is not seeing the interest amount in the statement. Although there is no harm to them.
Such people who are doing settlement or withdrawing their amount. They will be given the benefit of this. Meanwhile, in the past, Mohandas Pai, former director of Infosys, had asked EPFO that after all, his interest amount is due. On which the Finance Ministry had said that the interest amount is being deposited in the account of all the customers. The statement is not showing because of a software update.
Central Board of Trustee had approved 8.1% interest
In June 2022, the Central Board of Trustees of EPFO had approved 8.1% interest. This is the lowest interest rate in 40 years, earlier in 1977-78, 8 percent interest was given by EPFO.
Who benefits how much interest
- If you have 10 lakhs in pf account then at 8.1% rate of interest you will get 81000 rupees as interest.
- If someone has 7 lakh rupees in PF account by subscribing, then at 8.1% interest rate, he will be given a benefit of 56700 rupees in the form of Vyas.
- If someone has 5 lakhs in his PF account, he will be given a benefit of Rs 40,500 as interest.
Check like this
- Login to epfindia.gov.in.
- Feed UAN number password and captcha code
- Enter the details and a new page will open
- Check EPF Balance in Your Account on Open Number ID
How to check on Umang app
- Click on EPFO
- Click on Employee Central Services
- Click on View Passbook option
- Enter UAN number and password
- OTP will come on the registered mobile number
- Enter OTP and check your balance
