EPF Interest: Although there is a delay every year in getting PF interest, but it comes till November-December. This time there is a record delay in payment of interest and the financial year is about to pass, but the interest credit has not yet been done. However, now EPFO has raised hopes that soon the interest money will come into your account.
New Delhi. PF account holders are waiting for interest money for almost a year. If sources are to be believed, now this wait is about to end and before Holi the account holders will get the interest money. The government has decided to pay 8.10 percent interest on the PF account for the financial year 2021-22, but despite the decision on this a year ago, the interest money has not yet come into the account.
According to Moneycontrol, more than 6 crore PF account holders of the country are waiting for their interest money. The government has also presented the budget, but no announcement was made regarding the interest of PF. However, according to media reports, interest money will be sent to the PF account before Holi i.e. by the end of February. It is worth noting that although there is a delay every year in getting the interest of PF, but it comes till November-December. This time there is a record delay in payment of interest and the financial year is about to pass, but the interest credit has not yet been done.
What did EPFO say
Many account holders are also asking questions from EPFO on Twitter about getting interest money in their account. EPFO has also replied on this. EPFO replied, ‘Dear account holder, the process of payment of interest is going on. Soon it will be visible in your account. You will get the interest as and when it is given in full and no account holder will be at loss. No one will be harmed even if there is a delay regarding interest.
Dear member, the process of crediting interest is ongoing and it will get reflected into your account soon. Whenever the interest is credited, it will be paid in full. There will be no loss of interest.
— EPFO (@socialepfo) February 7, 2023
Check balance in these ways
1- By sending SMS: Account holders who have UAN and their KYC link can know the balance of PF by sending text message from mobile. For this, you have to type EPFOHO UAN ENG or HIN and send it to 7738299899. You will know the balance of PF in the blink of an eye.
2- By Missed Call: If you have UAN and KYC link then you can know your PF balance just by giving missed call on toll free number. 011-22901406 You will get to know the balance of PF through a message as soon as you give a missed call on this number.
3- Know from Umang App: If you want, you can also know the balance of PF through Umang App. After opening the app, click on employee-centric services, then go to view passbook and enter your UAN. After this an OTP will come, on entering which the balance of the account will be revealed.
4- From the EPFO portal: Log on to the official website epfindia.gov.in and go to Our Services, then click on For Employees, then go to the Service section and click on Member Passbook.