EPFO Big update: Many members of the Employees Provident Fund Organisation (EPFO) have been patiently waiting for the interest to accrue in their accounts. Now, EPFO has announced a substantial update for these customers.
Employees’ Provident Fund Organisation (EPFO) members have been anticipating the accumulation of interest in their accounts for a considerable period.
For these customers, EPFO has announced a major update. The interest amount in EPFO members’ accounts could be deposited by July. An official communication from the Ministry of Finance is expected to be issued shortly.
The Central Board of Trustees (CBT), the highest decision-making authority of the Employees’ Provident Fund Organisation (EPFO), sanctioned an interest rate of 8.25% for the fiscal year 2024 back in February.
Despite this decision, an official notification from the Ministry of Finance is still pending. Sources indicate that delays were caused by the upcoming general elections. It is now anticipated that this process will be finalized by July.
How will we know that the money has arrived?
Regularly checking your EPF account passbook will inform you whether the interest on your EPF has been credited or not. You can verify your EPF passbook through conveniences like missed calls or SMS services on the EPFO Portal.
How to check passbook on EPFO Portal
Step 1- First of all you go to EPFO Portal https://www.epfindia.gov.in/site_en/index.php. For this you should have your UAN (Universal Account Number) activated.
Step 2- When the site opens, go to the ‘Our Services’ tab and then select the drop-down menu ‘for employees’.
Step 3- Click on ‘member passbook’ under the service column.
Step 4- On the next page you have to enter your UAN and Password. Enter the captcha and log in.
Step 5- After logging in, enter the member ID. After this your EPF balance will be visible.
How to check EPF passbook through missed call
You can also check your EPF balance by giving a missed call to 011-22901406. Upon calling, you will receive an SMS showing your reflected balance. To avail this service, you need to input your registered mobile number with the EPF account.
Additionally, your bank account number should be linked with your UAN along with your PAN and Aadhaar numbers.
How to check through SMS?
Just like the missed call service, it is necessary that all your crucial documents are linked with your UAN to use this service. To initiate this process, send an SMS to 7738299899 with the message EPFOHO UAN ENG (replace ENG with the language code you desire).
