EPFO Rules on Interest: Losing a job is a difficult time for anyone. At such a time, the biggest concern is what will happen to the savings deposited in PF for the future ? Will the interest on it stop now? This question arises in the mind of almost every employee.
If you are also worried about this question, then let us tell you that EPFO has made it clear that even if you lose your job, money will keep coming into your PF account.
Till when will we get interest on PF money?
EPFO rules clearly state that if a person leaves his job or loses his job, then interest will continue to be paid on the amount deposited in his PF account. This interest is paid till the member reaches the age of 58 years. This simply means that your money will not lie idle but will keep growing with time.
It is important to note that after the completion of 58 years of age, if the money is lying in the account, then interest on it stops. After this age, the government assumes that the person has retired and he should withdraw his money.
Also Read: 8th Pay Commission Revised Salary Structure for Government Employees and Retired Persons
How to check your PF balance?
You can check your PF (Provident Fund) balance very easily. The easiest way is to give a missed call or send an SMS to 9966044425 from your registered mobile number. For this, you have to send EPFOHO UAN ENG to 7738299899, and you will get your balance information in a few moments. Apart from this, you can check your balance by visiting the EPFO Member Passbook website and logging in with your UAN and password. If you are a smartphone user, you can also check your PF passbook and claim status by downloading the UMANG app and going to the EPFO section.
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