The Employees’ Provident Fund Organisation (EPFO) has communicated through a tweet that it will soon credit the interest of 8.5 per cent, in full, to its subscribers’ accounts. That means, about six crore subscribers of the Employees’ Provident Fund (EPF) will receive the money, without any loss of interest, as assured by the EPFO.
After the pandemic had struck in 2020, the EPFO had reduced the PF interest rate to 8.5 per cent in March 2020. The retirement fund regulatory body has not changed the EPF interest rate for the 2020-21 period.
To check the EPF balance, post crediting of the interest, subscribers can either send an SMS or give a missed call or log in to the EPFO portal or even check the balance through the Umang app.
However, it is necessary for the subscribers to activate their Universal Account Number (UAN).
To avail the free missed call service, subscribers need to simply give a missed call to ‘011-22901406’ from their registered mobile numbers. However, this facility will not be available if the subscribers have submitted their complete KYC details with the EPFO.
To avail the SMS facility — which is available in 10 languages — subscribers need to send “EPFOHO” along with UAN in the format, “EPFOHO UAN”, to 7738299899.
Those wanting to view their passbook online, can use the EPFO portal to do so. However, they need to first register themselves before logging into https://passbook.epfindia.gov.in/MemberPassBook/Login# using their UAN and password.
The Umang app is the most convenient. The subscribers need to simply click on the ‘view passbook’ option under the ‘employee-centric services’ and enter UAN and OTP.
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