The employed people are still waiting for the interest to be received on the PF account and it is being told that the interest money will be transferred to the account soon. Also, EPFO has made an important announcement regarding this interest.
PF account is a good way to invest and save for the employed people. For some time PF account holders are waiting for their interest, which is transferred from time to time by EPFO to the account. Now it is believed that soon the money will be transferred to the account and the wait for the employees is increasing. Now on this wait of the employees, EPFO has made an important announcement, which has also been answered to the employees.
In such a situation, know what information has been given by EPFO to the customers and also know what update has been given by EPFO regarding the interest received on PF. Know every single thing related to PF interest rate…
When was the money expected to come
Let us tell you that about 6 crore EPFO customers will get benefit by sending interest money from EPFO. It was believed that at the end of July, the interest money would be credited to the account of the holders, but this has not happened. EPF interest credit interest will be deposited by EPFO at the rate of 8.5 percent. Earlier reports had come out, in which it was said that now the interest received on PF in two installments will be credited to the account. In such a situation, one installment can be sent till July and the second installment till December.
So we don’t have a tentative date…. good to see “whenever”.
— Panki (@panki039) August 1, 2021
What is the official update of EPFO?
Recently, a holder also tagged the EPFO through Twitter and asked the question that how long will the interest money be transferred by the EPFO. EPFO has also responded to this and has given information through its official Twitter handle. However, it has not been told by the EPFO when the money will be credited. But the EPFO says, ‘Whenever interest is credited to the account, it will be credited together and the full amount will be given. No one will be harmed due to interest.
It is noteworthy that after the Covid-19 epidemic, EPFO in March 2020 had reduced the PF interest rate to 8.5 percent for the financial year 2019-20. This is the lowest level of 7 years of EPF interest rate. Earlier, the interest rate of EPF for the financial year 2018-19 was 8.65 percent. At the same time, EPF interest rate 8.55 percent was being given to EPFO subscribers for the financial year 2017-18.
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