GOOD NEWS For EPFO Account Holders! Rs 81,000 To Be Transferred In Account Of EPFO Subscribers; Here’s How To Calculate The Interest And Check Your Balance!

Reportedly, a total of Rs 72,000 crore deposited in the account of the government will be sent to the account of the employed

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GOOD NEWS For EPFO Account Holders! Rs 81,000 To Be Transferred In Account Of EPFO Subscribers; Here’s How To Calculate The Interest And Check Your Balance!
7 crore employees and subscribers of ‘Employees’ Provident Fund Organization’ (EPFO) are likely to witness great news by the end of this month! The government will reportedly transfer the interest for the financial year 2022 to the account of EPF account holders.

Notably, this time the interest will be available at the rate of 8.1 per cent. As per the reports, the Employees’ Provident Fund Organization has calculated the interest received in the PF account in the financial year 2022. The amount will be soon transferred to the account of the subscribers.

The reports also suggest that a total of Rs 72,000 crore deposited in the account of the government will be sent to the account of the employed.

MONEY TRANSFER DATE:

Notably, last year subscribers of EPF had to wait for 6-8 months for the interest, owing to COVID-19. This year the government has a different plan of action and it does not plan on delaying the process. Reportedly, interest money can be transferred to the account by the end of this month. This year’s interest is at the lowest level in 40 years.

CALCULATING THE INTEREST

Well, calculating the interest is quite simple, here’s how you do it:

If you have Rs 10 lakh in your PF account then you will get Rs 81,000 as interest.
If you have Rs 7 lakh in your PF account, you will get Rs 56,700 as interest.
If you have Rs 5 lakh in your PF account, then Rs 40,500 will come as interest.
If you have one lakh rupees in your account, then 8,100 rupees will come.

  • CHECK YOUR BALANCE VIA MISSED CALL

For those who want to check their PF money, you can start by giving a missed call on 011-22901406 from your registered mobile number. Moments later, you would get the details of PF through the message of EPFO. 

Kindly note that it is important to link your UAN, PAN and Aadhaar linked. 

  • CHECK THE BALANCE ONLINE
  1. To check your balance online, log on to the EPFO ​​website, click on e-passbook at epfindia.gov.in.
  2. Now on clicking on your e-passbook, a new page will come to passbook.epfindia.gov.in.
  3. Now here you fill your username (UAN number), password and captcha
  4. After filling all the details, you will come to a new page and here you will have to select the member ID.
  5. Here you will get your EPF balance on the e-passbook

  • CHECK BALANCE VIA ‘UMANG’ APP
  1. For this, you open your UMANG App (Unified Mobile Application for New-age Governance) and click on EPFO.
  2. Now on the other page, click on Employee-centric services.
  3. Here you click on ‘View Passbook’. With this, you fill your UAN number and Password (OTP) number.
  4. OTP will come on your registered mobile number. After this you can check your PF balance.
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