NATION PEOPLE

EPFO's Diwali Gift: Good News! Money Credited to PF Account Holders, Easy Ways to Check Your Balance Explained

DNP DESK

11 Nov 2023 13:16 IST

New Update

In a Diwali gesture, the Employees Provident Fund Organization (EPFO) has initiated the transfer of interest rates for the financial year 2022-23 to account holders. Notably, the EPFO is offering an 8.15 percent interest rate for this fiscal year.

Decision-Making Authority

EPFO's interest rates are annually determined by the Central Board of Trustees (CBT) and the Finance Ministry. For the current fiscal year, the government announced the interest rates in June 2023, and now the interest amount is being disbursed to the accounts of PF account holders.

EPFO's Communication

Responding to inquiries on Twitter, EPFO assured users that the process of transferring interest to accounts has commenced. EPFO emphasized that account holders will receive the entire interest amount without any deductions this year. The organization also urged employees to remain patient during this process.

The process is in pipeline and may be shown there very shortly. Whenever the interest will be credited, it will be accumulated and paid in full. There would be no loss of interest. Please maintain patience.
— EPFO (@socialepfo) November 10, 2023

Checking PF Balance

For PF account holders keen on checking their balance, various convenient methods are available. This includes sending a message to 7738299899 from the registered mobile number, making a missed call to 011-22901406, or using the EPFO portal and Umang app. The Umang app allows users to download EPFO passbooks after a simple OTP verification process.

Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER

EPFO Updates EPFO