In June, the government approved the interest rate EPF Deposits of 8.1 per cent for 2021-22, down from 8.5 per cent in the previous year.
According to the latest tweet by the Ministry of Finance, “There is no loss of interest to any subscriber. The interest is being credited to the accounts of all EPF subscribers. However, this is not reflected in the statements in view of a software upgrade being implemented by the EPFO ​​to change the tax incidence.
There is no loss of interest for any customer. The interest is being credited to the accounts of all EPF subscribers… https://t.co/XgWmC1YxLF
— Ministry of Finance (@FinMinIndia) 1664991390000
If interest is not credited for March end how is the payment to be made to the customer retiring in May? Paid later?… https://t.co/PmrtP6l2Ra
— Mohandas Pai (@TVMohandasPai) 1664991865000
In the following tweet, it said, “All outgoing subscribers seeking settlement and subscribers seeking withdrawal are being paid along with interest.”
what would happen if EPF Contribution Not created by employer?
Employers have different rules for delayed EPF contribution and non-deposit of contribution.
According to experts, “Even if an employer makes late deposit of EPF contribution for April 2020, the employee will still get interest from June 1, 2020. Whereas if the employer defaults in depositing EPF contribution due to financial or other issues. Since there is no credit in the account of the employee for the said period, there shall be no interest on the contribution payable for the said period. However, the same shall continue on the accumulated balance.”
According to the EPFO ​​website, these are the important points to note regarding EPFO ​​passbook
1. This facility is for the members registered on the Unified Member Portal to view the Member Passbook.
2. The passbook will be available after 6 hours of registration on the Unified Member Portal.
3. Change in credentials on Unified Member Portal will be effective on this portal after 6 hours.
4. The passbook will contain the entries that have been tallied at EPFO ​​field offices.
5. Passbook facility will not be available for exempted establishment members / appointed members / inactive members.
how to check epf balance by sending sms
Send an SMS to 7738299899. If your UAN is registered with EPFO ​​then it will provide you information about your recent contribution and PF balance. You have to send the following message: EPFOHO UAN ENG. The first three letters of the desired language are “ENG”. So, type EPFOHO UAN MAR to receive the message in Marathi. Make sure your UAN is linked with your bank account, Aadhaar and PAN, or update the latest information.
How to check EPF balance using missed call
If you are registered on the UAN site, you can get the information by dialing 011-22901406 from your registered mobile number. Check that your bank account details, Aadhar and PAN are all linked in your UAN. You can also ask your boss to hire them for you. This service is free of charge.
How to Check EPF Balance Using EPFO ​​Portal
On the Employees section of the EPFO ​​website and select “Member Passbook”. You can access the PF passbook by providing your UAN and Password. Opening and closing balances, as well as employee and employer contributions, will be detailed. The total amount of any PF transfer, as well as the amount of PF interest earned, will be displayed. Passbook can also be used to check EPF balance.