EPFO begins crediting 8.5% rate of interest in member accounts: Here is learn how to examine your EPF account stability
Last week, the federal government introduced that Employees’ Provident Fund Organisation (EPFO) has begun crediting an 8.5 per cent charge of curiosity for 2019-20 for its over six crore members. The retirement fund physique has credited the workers’ provident fund (EPF) curiosity to numerous members and it’s important for each EPFO member to know their EPF account stability.
“When we had announced 8.5 per cent interest rate, everyone was surprised that how is it going to be possible. Out of this, 8.15 per cent has been the debt component and 0.35 per cent is from capital gains of the equity component. A lot of discussion took place, constant discussions were held with the Finance Ministry on proposal… the EPF surplus is growing and crediting will begin from today,” Labour and Employment Minister Santosh Kumar Gangwar had stated.
If you too have an EPF account and are questioning learn how to examine your account stability, right here’s how it is possible for you to to it.
1. Checking your EPF stability via EPFO web site:
Below the drop-down menu on ‘Services’ click on on the ‘For Employees’ possibility
Under the ‘Services’ part under, click on on ‘Member Passbook’
It will redirect you to a different web page the place it’s a must to enter your UAN (Universal Account Number) and password together with a mathematical captcha resolution to log in
This methodology is out there to these members who’re already registered on the Unified Member Portal. It takes 6 hours for the passbook to be accessible after the registration at Unified Member Portal.
2. Checking your EPF stability via Umang App:
Download and set up the Umang App in your cell via Google Play or App Store.
Open the app and click on on ‘EPFO’
Now, beneath the ‘Employee Centric Services’ click on on ‘View Passbook’
Enter your UAN and click on on Get OTP
An OTP (one time password) can be despatched to your cell quantity registered along with your EPF account
Enter the OTP on the required subject and faucet ‘Login’
Select the Company Name and member ID of your employer and observe your EPF stability
3. Checking your EPF stability via missed name:
If your EPF account is registered on the UAN portal alongside along with your cell quantity, then give a missed name on 011-22901406 out of your registered cell quantity and you’ll get the small print of your EPF account via an SMS.
4. Checking your EPF stability via SMS:
Type “EPFOHO UAN ENG” and ship it to 7738299899. Here, the final three letters “ENG” is the popular language. This service is out there in numerous native languages comparable to Hindi, Bengali, Marathi, Punjabi, Gujarati, Telugu, Tamil Malayalam and Kannada.
If you want to get the PF message in any home Indian language, then sort the primary 3 letters of the language, comparable to ‘BEN’ for Bengali, ‘MAR’ for Marathi, so on and so forth.
