PF Interest rate: According to an update from EPFO, by the end of August the interest amount will start getting credited in the account. If interest is to be deposited in your account also, then check whether the account is linked to Aadhaar or not.
PF Interest rate: There is good news for provident fund account holders. By the end of August, interest credit will start in the PF account. EPFO is crediting 8.15 percent interest for the financial year. But, is everything ok with your account? Will the interest amount be credited to your account instantly? If this question has come in your mind, then understand how important August 31 is. Interest money matters a lot for a job seeker. Therefore, if the details do not match in the PF account, then you can be deprived of the interest amount coming.
It is necessary to update Aadhaar
According to an update from EPFO, by the end of August the interest amount will start getting credited in the account. If interest is to be deposited in your account also, then check whether the account is linked to Aadhaar or not. If the seeding of UAN account is not done with Aadhaar then money will not be transferred to PF account. Let us tell you, the government has made Aadhaar verification and seeding mandatory in the EPF account. Before crediting the interest amount every year, it should be checked whether the account is linked with Aadhaar or not. If any changes have happened in your records, then it is necessary to update it in the EPF account as well.
Update account details when there is a change
EPFO maintains more than 22 crore accounts. Of these, more than 6 crore accounts are of EPF only. EPFO subscribers are required to link their UAN number with Aadhaar number for interest on the amount deposited in PF. However, there is no effect on those whose accounts are already linked. But, those whose new accounts have been opened or there has been any change in the account details, then it is necessary to update Aadhaar.
How to link?
EPF subscribers can link their Aadhaar with Universal Account Number (UAN) both online and offline with the help of Employees’ Provident Fund (EPFO). You can link Aadhaar with UAN by visiting EPFO’s website online or directly at the office. Help can also be taken from your employer in this regard.
Can link to EPFO portal
Subscribers visit https://unifiedportal-mem.epfindia.gov.in/ to access the e-services portal of EPFO.
- Login to UAN and go to account
- Click on KYC under ‘Manage’ menu.
- Select Aadhaar and enter your Aadhaar details.
- Click Save.
- Aadhaar will be validated using UIDAI data.
- Aadhaar will be linked to EPF account on completion of KYC.
How to check whether UAN is linked with Aadhaar or not?
- Visit the Member Services Portal at https://unifiedportal-mem.epfindia.gov.in/memberinterface/
- Enter UAN and password to login.
- After logging in, go to the ‘Manage’ tab and click on ‘KYC’. If your Aadhaar number is visible and verified then UAN is linked to Aadhaar.
- If your Aadhaar number is not in the verified document tab, then UAN will have to be linked with Aadhaar.
