If you have an Employee Provident Fund (PF) account, this news is for you. In fact, the government is going to put the annual interest amount into the EPF account holders account. This amount is believed to come in the first week of July 31 or August. Let us tell you here that PF account holders are paid interest at the rate of 8.5 per cent per annum. This amount of interest is related to the financial year 2020-21.
Expect to cut: Due to the coronation of the financial year 2020-21, there were fears that the government could cut EPF interest rates. However, there has been no change in interest rates. EPFO pays 8.50 per cent interest for the second consecutive year. Prior to this fiscal year 2019-20, PF account holders were paid 8.65 per cent interest.
Balance check in four ways: There are 4 options to check the EPF account balance. You can check the balance by sending an SMS from your registered mobile number to 7738299899. EPFOHO UAN LAN should be typed in this SMS. This LAN contains the language you selected.
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In addition, you can get information on PF Balance by making a missed call to 01122901406 from the registered number. The third option is the UMANG app. Ballet information can be obtained by logging in with Passbook in this App. In addition, you can check the balance through the Passbook portal by visiting the EPFO website.