New Delhi. The Employee Provident Fund ie EPF has started crediting the interest of the last financial year. This interest has to be credited in the account of about 6.5 crore subscribers of the country. If the interest amount is not credited in your account, then you can wait for 10 to 15 days.
The Employees’ Provident Fund Organization (EPFO) had recently announced to credit interest. Since then, people have started getting messages of its interest credit. EPFO sources say that according to every zone and office, interest is being credited in the accounts. So, it is taking time. So far, interest has been credited in about 4 crore accounts. Interest will be credited in the remaining accounts also in a few days. Chandrashekhar Parsai, an expert in EPF matters, says that if interest is not credited in the account even after 10-15 days, then you can contact your employer or directly to the EPF office.
Even after the delay, there will be no loss
of interest, EPFO credits the interest from March to February every year in April, but this time it has been delayed due to Kovid. However, even after the delay, you will not lose interest. The reason for this is that EPFO has retained the old formula of calculation of interest. That is, even though interest is being credited now, but it will be considered credited from March 2021 onwards. EPFO has announced 8.5 percent interest for the financial year 2020-21. That is, if you have 1 lakh rupees in your account till February, then 8500 rupees will be credited in your account.
How to know the amount and interest deposited in your PF Account
EPFO has given the facility to check EPF balance on its official website. The link of e-Passbook will be found on the top right side of the website. In this, the Provident Fund account holder will have to enter the UAN number and its password. After entering the UAN number and password on the website, click on the View Passbook button and you will know the balance. At the same time, EPF balance can also be tracked from EPFO’s UMANG app. For this, first click on the member and after that enter the UAN number and password. To know the PF balance, you can also find out through missed call. A missed call has to be given on 011-22901406 from the registered mobile number on EPFO. After this, by SMS, you will know how much balance is in your PF account.
We have taken all measures to ensure that the information provided in this article and on our social media platform is credible, verified and sourced from other Big media Houses. For any feedback or complaint, reach out to us at businessleaguein@gmail.com
