The Labor Ministry has decided to notify the 8.5 percent interest rate for 2019-20 on the Employees Provident Fund (EPF), a retirement fund with more than six crore account holders, after getting the consent of the Finance Ministry. "The Labor Ministry has decided to notify an interest rate of 8.5 percent for depositing more than six crore account holders of the Employees Provident Fund Organization (EPFO)," a senior official told PTI-Bhasha.
The official said that after getting the consent of the Finance Ministry, the rate of interest on EPF was given formal approval by Labor Minister Santosh Gangwar on Thursday.
Now the interest rate in the official gazette will be officially notified, after which the EPFO headquarters will give instructions to deposit interest in the accounts of the account holders.
In March this year, the Central Board of Trustees, the supreme decision-making body of the EPFO, approved the 8.5 percent interest rate on the EPF for 2019-20 under the chairmanship of Gangwar. In September this year, the EPFO decided to split the 8.5 percent interest in two installments of 8.15 percent and 0.35 percent at a meeting of its trustees headed by Gangwar. However, later the ministry decided to put the entire 8.5 percent contribution in the accounts of the account holders at one go.
Know balance through missed call - give a missed call from your registered mobile number on 011-22901406. After this, PF details will be received through the message of EPFO. Here also you must have UAN, PAN, and Aadhaar link.
PF balance can be checked online like this
1 log in to the EPFO website. Click on e-passbook at epfindia.gov.in
2 Clicking on the e-passbook will bring a new page to passbook.epfindia.gov.in.
3 Here you have to fill in your username (UAN number), password, and captcha.
4 After filling in all the details, they will come to a new page and member ID has to be selected here.
5 Here you will get your EPF balance on the e-passbook.
Balance can also be checked on the Umang app
- Open your Unified Mobile Application for New-age Governance and click on EPFO.
- On another page, you have to click on employee-centric services.
- Click on View Passbook here. Fill in your UAN number and password (OTP) number. OTP will come to your registered mobile number. After this, you can check your PF balance.
What Happens UAN Number - EPFO provides Universal Account Number (UAN) service through which account holders can see their PF account balance. This number is like a bank account.
Ruckus on petrol and diesel: Rahul counters Modi's admonition for 'expensive fuel, coal and lack of oxygen'
While the people of the country are worried about the high prices of petrol and diesel, on the other hand, there is a tussle between the government and the opposition. While the Prime Minister advised
The ringing of the bell of the third wave: increase in the number of active cases in Maharashtra, considering the closure of schools and colleges in Bengal
The fear of the third wave of corona in the country is deepening. Maharashtra Health Minister Rajesh Tope said on Wednesday that 8-10 days ago there were 5 to 6 thousand active in the state, which
Waiting for the monsoon!: Rain in Delhi today, wind will blow at a speed of 50 KM per hour; Know what will be the weather in NCR
People got great relief from the rain with a strong thunderstorm in Delhi last Sunday. The mercury reached three-four degrees below normal. According to the Meteorological Department, this week there
SBI Report: 7.5 percent growth forecast for the financial year 2022-23, RBI may increase the repo rate
SBI Report: State Bank of India, the country's largest state-run bank, has come out with its research report, in which the growth estimate of the Indian economy in the financial year 2022-23 has
Aakash Chopra raises a big question on Rohit Sharma's 'poor' captaincy, Jasprit Bumrah not fully utilized?
Team India lost by 10 wickets in the Adelaide Test played under the captaincy of Rohit Sharma. It was a pink ball day-night test. After this defeat, Rohit Sharma's captaincy has come under question.
Maha Kumbh: Flight tickets to Prayagraj are available for Rs 50,000 DGCA is preparing to impose restrictions
Lakhs of devotees are heading towards Sangam city Prayagraj on the occasion of Mauni Amavasya. But this time due to Mahakumbh, there is a huge increase in the fares of flights. From Delhi to Mumbai,
Finland's PM was seen dancing after drinking alcohol: Sana Marine was accused of taking drugs by the opposition, PM said - I am ready for investigation
A video of Finland's Prime Minister Sana Marine is going viral on social media. In this, she is seen drinking and dancing with her friends. Opposition leaders have alleged that Prime Minister Sanna
IND vs. AUS Weather: Team India will get the support of weather, if it wins the first ODI, India will become number 1 by defeating Pakistan.
The three-match ODI series between India and Australia is starting on Friday, 22 September. Both the teams will face each other at the Punjab Cricket Association IS Bindra Stadium in Mohali. India has
Japanese Prime Minister Kishida on a foreign trip, a special meeting with US President
Japan's Prime Minister Fumio Kishida has left for a week-long foreign trip. During the visit, he will seek to strengthen military ties with Europe and Britain and focus on the Japan-US alliance at a
Features leaked even before the launch of OPPO Reno 9 and IQoo 11 series, know all the details from battery to camera
OPPO Reno 9 and IQoo 11 Series Leaks: Oppo has been in discussion about the launch of its new series for the past several days. The charging details of the series were first obtained from some leaked
