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Friday, September 25, 2020

Modi government is giving first installment of PF interest! This is how you get your account checked

Modi government is giving first installment of PF interest! This is how you get your account checked

There is good news for you if you are a working class person. Actually the government is going to deposit money in your provident fund i.e. EPF account soon. You will get this amount from the government in two installments. So let's know this whole case. At the same time, you need to know how to find out.

Interest accrues to your PF account

Indeed the members of Employees Provident Fund Organization (EPFO) are to receive PF interest for each financial year 2019-20. The government has decided to pay the interest in two installments.

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 This interest will be credited to your PF account. For the last financial year i.e. 2019-20, interest at the rate of 8.50 per cent will be paid on PF. Which is the lowest in 7 years. At present, only 8.15 per cent interest has to be credited to the EPF account.

The government is paying outright

  • The principal 0.35 per cent interest will be paid into the EPF account of the shareholders by December this year. Let me tell you here, the government is paying outright. About 60 million people come under its purview. This means that 60 million people will be paid interest in two installments.
  • To know the amount of PF in one's passbook, one has to first visit the link
  • After clicking this option the link will open.
  • This link will have the option of login ID and password. In this option you have to enter UAN number and password.
  • The next step after logging in is to pay for the ID to view your passbook. By the way, the passbook is in PDF format which is easy to download.
  • If you are registered with the UAN EPFO, you will receive the latest contributions and PF balance information via SMS.
  • For example, if you want information in Hindi, you can send EPFOHO UAN HIN to 7738299899.
  • Make a missed call to 011-22901406 from a registered mobile number to get information through a missed call. However, the bank account, PAN and Aadhaar will be linked to UAN.

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