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.
Fans are furious over the tweet of Barmy-Army on MS Dhoni's B'day, this is how 'status' is visible
MS Dhoni is celebrating his 41st birthday, all the legendary cricketers from all over the world have congratulated Dhoni on his birthday. During this, the Barmy-Army, a group of England cricket fans,
Sony's tremendous camera will be available with AMOLED display in Google Pixel 6 Pro, these details surfaced
Google Pixel 6 Pro smartphone has been in a lot of discussions since its launch. Google can launch this premium smartphone by the end of this year. At the same time, its details are coming out before
Ukrainians are ready for Russia's nuclear attack: Food and water are already being kept in bunkers two weeks ago
Alexander Cadet, who lives in Ukraine's capital Kyiv, has built an underground room inside a shed at the back of the house. To reach where there is a ladder six and a half feet below the ground.
Canada: Khalistani supporters threaten to target Hindu temple, Indian-origin MP demands action
Tension is continuously increasing between India and Canada regarding Khalistani supporters and activities. Meanwhile, Indian-origin Canadian MP Chandra Arya on Monday shared a purported video of
Manipur: 'First arrest today, the death penalty can be given to the culprits', CM on the incident of making women parade without cloth
Chief Minister N Biren Singh has taken a tough stand on the incident of two women being paraded without cloth in Manipur. He has spoken of taking the strictest action against all the criminals. The CM
Maharashtra: MNS rally against traders' protest, police detain activists
In response to the protest by traders against the slapping of a food stall owner in Maharashtra, Maharashtra Navnirman Sena (MNS) took out a rally in Mira Bhayander area. During this, MNS workers
Sanjay Raut Arrest: The 'Bhonpu' that rings every morning went inside, CM Shinde's big attack on Sanjay Raut
Maharashtra Chief Minister Eknath Shinde has taken a jibe at the arrest of Shiv Sena's Rajya Sabha MP Sanjay Raut. Eknath Shinde has said that now every morning at eight o'clock the siren has gone
Haryana Election: AAP released the second list of nine candidates, Prof. Chhatrapal who joined yesterday also got a ticket from here
Aam Aadmi Party has released the second list of nine candidates for the Haryana Assembly elections. Prof. Chhatrapal, who left BJP and joined the party on Monday, has been declared the candidate from
Ten schemes will be started in the name of great men in the state, from Lakshmibai to Kabir-Shabri included, read the full list.
Chief Minister Yogi Adityanath announced several ambitious schemes during the discussion on the budget for the financial year 2025-26. Dedicating about ten such schemes to great men, the CM said that
Colonel Manpreet: One was Colonel Manpreet An example of determination, spirit and passion... Do you know the story of recruitment in Sikh Light Infantry?
Colonel Manpreet Singh, son of Bhadoujian village, who was martyred in Anantnag district of South Kashmir, was in the 12 Sikh Light Infantry. He joined this infantry only because of his stubbornness.
