PF is getting deducted while working anywhere in your family, then this news is going to prove to be of great use to you. This is the era of technology, in which the cases of cyber fraud are increasing continuously.
In many incidents, it was also seen that cyber thugs cleared money by targeting PF employees. In order to thwart cyber thugs, EPFO, which cuts PF, has now issued a new warning for its employees.
Efone said that if anyone calls you, there is no need to give information related to PF account. According to the EPFO, it never asks for personal details like Aadhaar, PAN, UAN, bank account, OTP over phone, social media and WhatsApp. All the records of PF employee are kept with EPFO first.
EPFO never asks to deposit any money through whatsapp, social media etc. EPFO has asked PF members not to respond to such calls.
At the same time, the EPFO had earlier this month decided to bring down the interest rate for 2021-22 to a four-decade low of 8.1 percent. For 2020-21, this rate was 8.5 percent. Finance Minister Nirmala Sitharaman, however, defended the proposal to cut interest rates on employees’ provident fund.
Citing the prevailing interest rates comparable to other schemes, Sitharaman said Sukanya Samriddhi Yojana offers 7.6 per cent, Senior Citizens Savings Scheme (7.4 per cent) and PPF (7.1 per cent), while SBI’s offers on fixed deposits of 5-10 years. 5.50 percent interest is available.
With all this, the EPFO has called for giving it 8.1 per cent (interest rate), he said. Yes, 40 years. Today’s realities are what keep us in the context of the decisions taken by the Central Board of EPFO. It is yet to come to the Finance Ministry for approval, but the fact is that these are the rates which are in vogue even today.
