EPF Balance: Any employee contributing to EPF can check his account balance using various methods. They do not need to wait for the employer to share the Employees’ Provident Fund (EPF) details at the end of the year to find out the balance.
PF Interest Rate: Many schemes are being run by the government for the citizens of the country. Many of these schemes are for the welfare of poor people, while there are many schemes for farmers as well. Apart from this, many savings schemes are also being run by the government for the employed people. One of these schemes is also of PF. Through PF, the government inculcates the habit of saving to the employed people. At the same time, PF account holders can use this savings amount in retirement.
That’s the interest
Any employee contributing to EPF can check his account balance using various methods. They do not need to wait for the employer to share the Employees’ Provident Fund (EPF) details at the end of the year to find out the balance. At the same time, 8.1 percent interest is being given on this scheme for 2021-22.
This much has to be contributed
Under this scheme, every month the employee contributes 12% of his basic income to the PF account and the employer also has to contribute the same amount. However, employees can contribute more than this through Voluntary Provident Fund (VPF). The interest rate on VPF and EPF is same. At the same time, to check the balance in the PF account or whether the interest has come or not, it can also be checked online.
Check EPF Balance from EPFO Portal
You can also check EPF balance in passbook. EPFO portal can be visited to check PF balance. Login to the EPFO portal. After this, click on ‘Member Passbook’ there. Any PF transfer can be seen here along with the amount of PF interest earned.
