New Delhi: PF employees are in trouble because the government has now announced to pay interest. This time, you will get the highest interest in many years, which is enough to win everyone’s heart. The government has increased the interest rates for the financial year 2023-2024 much more than before, which will provide a bigger economic security cover to everyone.
For this financial year, the government has increased the interest rates by 0.10 percent, which will prove to be a dose of inflation. Earlier, the government had given less interest, due to which the employees had to face deep disappointment. This time there is a lot of glow on the faces of the employees due to the increase.
This time you will get this percent interest
The Central Government has announced to give 8.25 percent interest for the financial years 2023 and 2024, due to which a lot of enthusiasm is being seen on everyone’s face. Earlier, it was announced to give 8.15 percent interest to the employees. It was announced to give 8.10 percent interest to PF employees in the year 2022.
Apart from this, CBT has surprised everyone by deciding to increase the interest. The Central Board of Trustees, the highest decision-making body of EPFO, has surprised everyone by deciding to give 8.25 percent interest rate on EPF for 2023-24 in the meeting. After its decision, the interest rate on EPF deposits for 2023-24 will be sent to the Finance Ministry for approval. About 7 crore people will benefit from the interest amount.
Check PF money quickly like this
Information about whether the company is depositing money in the account or not can be easily obtained from the PF passbook.
- To check the passbook, employees will have to go to the EPFO portal and click. Here your UAN should be activated.
- After reaching EPFO, you will have to go to ‘Our Services’ tab and select ‘for employees’ option.
- Then you click on ‘member passbook’.
- Then you have to enter your UAN number and password.
- After successfully logging in, you will need to check your EPF balance.
- Employees can check their PF account balance, details of all deposits, etc.
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