EPFO News: If you work for a salary as well, you should take note of this news. Under the PF Account, EPFO has informed 6.5 crore people and provided some crucial information. The money that salaried employees deduct is managed by the EPF. It has informed its members about cybercrime as a result.
Rise in PF Account Fraud Cases
According to EPFO, numerous instances of fraud involving PF accounts have surfaced. Through phone calls and messages posing as EPFO (EPFO News), fraudsters are requesting personal information from people and turning them into victims of fraud. In such a scenario, EPFO has recommended exercising caution.
EPFO’s Role in Facilitating Retirement Savings
For employees’ retirement, EPFO deposits the Retirement Fund. Under this, the business and the staff both deposit money. Twelve percent of an employee’s base pay is deducted under the EPF account, and the company deducts the same amount. This monthly deposit earns an annual interest rate of 8.1 percent. The money is given to the workers when they reach retirement age.
Caution Against Suspicious Calls and Messages
Be cautious if you receive a call or message from EPFO as well, as it might be used fraudulently. Aadhaar card, PAN number, UAN, and password information are not disclosed in the tweets provided by EPFO. doesn’t even request personal information, account number, or OTP. In addition, refrains from requesting the sharing of such content on WhatsApp or other social media platforms. advised not to respond to these messages.
EPFO Interest Rate Update
The interest rate that employees received under their PF accounts was lowered by the Employees’ Provident Fund Organisation from 8.5 percent to 8.1 percent. In forty years, this is the lowest level. The lowest interest rate from 1977 to 1978 was 8%.
Keep watching our YouTube Channel ‘DNP INDIA’. Also, please subscribe and follow us on FACEBOOK, INSTAGRAM, and TWITTER
