PF News: Big news has come for Employees Provident Fund Organization (EPFO) account holders. If you have money deposited in your PF account then read quickly what it is.
If you also have an Employees Provident Fund Account (PF Account) and money is deposited in your account, then a big update has come for you. Important news has come on your interest money. If you are worried about when the interest money will be deposited in your account for the last financial year, then there is no need to worry because information on this has been given by EPFO.
When and how much money will come?
EPFO has said that whenever interest is deposited, the entire amount (PF Interest Rate) will be deposited in the account and full payment will be made. There will be no loss of interest. This much interest will be received
It is known that in February, EPFO had disclosed the interest rate for the employees’ provident fund for the financial year 2023-24. The retirement fund body increased the interest rate by 10 basis points to 8.25 percent, which is more than 8.15 percent in the last financial year. This is the highest EPF interest rate in the last three years.
How to know whether interest has been received or not?
Employees covered under EPFO are eagerly waiting for interest in their accounts. Once the interest is credited, users can check their balance online through its website. Apart from this, you can also check your balance through EPFO Missed Call Balance Check and SMS.
PF rules
To check EPF balance, subscribers must have their Universal Account Number (UAN) activated. It is known that every month the employee deposits 12 percent of his salary in the EPF account and the same amount is deposited by the organization that employs him. The entire money of the employee is deposited in the EPF account (PF Rules) but out of 12 percent, 8.33 percent goes to EPS.
