Money

EPFO credits 8.50% interest in 22.55 crore account holders for FY21

Employees’ Provident Fund Organisation (EPFO) has credited an interest rate of 8.50 per cent in 22.55 crore account holders for the monetary year (FY) 2020-21, the retirement fund physique introduced in the present day on its official Twitter deal with.

“22.55 crore accounts have been credited with an interest of 8.50% for the FY 2020-21,” EPFO mentioned in a tweet.

In a round dated 30 October 2021, EPFO introduced the declaration of the rate of interest for the Employees’ Provident Fund Members accounts for the year 2020-21.

“The Ministry of Labour and Employment has conveyed the approval of the central authorities beneath para 60(1) of Employees’ Provident Fund Scheme, 1952 to credit score interest at 8.50 per cent for the year 2020-21 to the account of every member of the EPF Scheme as per the provisions beneath Para 60 of EPF Scheme, 1952,” EPFO mentioned in its official round.

Here are 4 methods in which EPFO members can examine their PF stability on-line

1) To examine the stability, EPFO members have to ship an SMS to 7738299899 by typing EPFOHO UAN ENG.

2) Registered customers can ship a missed name to 011-22901406 after which they’ll get an SMS with particulars of the PF account stability.

3) Registered customers may also examine PF stability by way of EPFO web site

4) You may also entry your PF passbook on the UMANG app after logging in together with your UAN and OTP.

Subscribe to Mint Newsletters

* Enter a legitimate e mail

* Thank you for subscribing to our e-newsletter.

Never miss a narrative! Stay linked and knowledgeable with Mint.
Download
our App Now!!

Back to top button