PF steadiness: The Employees’ Provident Fund Organization (EPFO) is anticipated to credit score Employees’ Provident Fund or EPF curiosity for FY 2020-21 in opposition to the Provident Fund deposits achieved by EPFO subscribers. The EPFO is prone to credit score 8.5 per cent EPF curiosity by the tip of this month. The retirement fund regulatory physique saved the EPF rate of interest unchanged for FY 2020-21 as there was extra withdrawal than deposits throughout all the monetary 12 months.
After the Covid-19 outbreak in 2020, the EPFO had lowered PF rate of interest in March 2020 to eight.5 per cent for FY 2019-20 — 7 years’ low of EPF rate of interest. For FY 2018-19, EPF rate of interest was 8.65 per cent. For FY 2017-18, EPF rate of interest being given to the EPFO subscribers was 8.55 per cent whereas for FY 2016-17, EPF rate of interest given to EPF account holders was 8.65 per cent.
How to test PF steadiness
So, close to 6 crore EPFO subscribers are suggested to maintain checking their PF steadiness subsequent week because the retirement fund regulator might credit score EPF curiosity of 8.5 per cent on any of the working days. The EPF account holders can test their EPF steadiness by SMS and a missed name.
PF steadiness test by SMS
An EPFO subscriber can test its EPF account steadiness by sending an SMS. The PF steadiness test quantity is 7738299899 and the textual content of the SMS format is “EPFOHO UAN ENG.” So, an EPF account holder, who has its UAN quantity, is suggested to ship SMS on this format to 7738299899. On receipt of the SMS, the EPFO will reply to that SMS with the senders’ PF account steadiness particulars.
PF steadiness test by missed name
The EPFO is operating missed name service by its given quantity 011-22901406. To know one’s PF steadiness, the EPFO subscriber is suggested to provide a missed name on this quantity from the registered cell quantity. However, one can avail of this service provided that the EPFO member has seeded its UAN with the KYC particulars.
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