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EPF Diwali gift for you: Govt starts crediting EPF interest for FY 2022-23 into provident fund accounts; how to check EPF balance
EPFO Begins Crediting 8.15% Interest for FY 2022-23 into Provident Fund Accounts
EPFO Begins Crediting 8.15% Interest for FY 2022-23 into Provident Fund Accounts
The Employees’ Provident Fund Organisation (EPFO) has initiated the process of crediting interest into provident fund (PF) accounts for the fiscal year 2022-23. The interest rate for this year is 8.15%. The Union Minister for Labour & Employment, Environment, Forest & Climate Change, Bhupender Yadav, has emphasized on EPFO becoming a hassle-free and technology-driven organization and expressed satisfaction with the 8.15% interest rate. The EPFO has assured that the interest will be accumulated and paid in full, without any loss of interest. Additionally, the process of crediting the interest is in progress, and various methods are available for individuals to check their EPF account balance, including through text message, missed call, UMANG app, and the EPFO website.
Key Takeaways:
1. EPFO has started crediting 8.15% interest into provident fund accounts for the fiscal year 2022-23.
2. The interest will be accumulated and paid in full without any loss of interest.
3. Various methods are available to check EPF account balance, including through text message, missed call, UMANG app, and the EPFO website.
The Employees’ Provident Fund Organisation (EPFO) has started crediting interest for the fiscal year 2022-23 into provident fund (PF) accounts. The interest rate for this year is 8.15%. The EPFO has emphasized on becoming a hassle-free and technology-driven organization and has already credited interest in more than 24 crore accounts.
To check the EPF account balance, there are several methods available, including through text message, missed call, UMANG app, and EPFO website.
How to Check EPF Account Balance
Using UMANG App
Employees can use the UMANG app on their phones to view their PF balance. Here are the steps to check the EPF balance through the UMANG app:
1. Download UMANG App: Go to Google Play Store or Apple App Store and search for the ‘UMANG’ app.
2. Register on UMANG App: Register on the UMANG app to use EPFO services.
3. Access EPFO Services: Click on EPFO and under ‘Service’, go to ‘View Passbook’.
4. Employee-centric Service: Click on ‘Employee-centric service’.
5. Enter OTP: Enter the OTP sent to the mobile number registered with EPFO and click on the ‘OK’ button.
6. Check EPF Balance: After entering the OTP, you can see your EPF passbook and check your EPF balance.
Using EPFO Portal
Another way to check the EPF account balance is through the EPFO portal. Here are the steps:
1. Visit EPFO Website: The member passbook is available at EPFO Website.
2. Access Member Passbook: Click on ‘For Employees’ under ‘Our Services’ and then click on ‘Member Passbook’ under ‘Services’ to find your details.
By Sending SMS
If your UAN is registered with the EPFO, you can get the details of your latest contribution and PF balance by sending an SMS to 7738299899. You need to send the following message: EPFOHO UAN ENG. ‘ENG’ is the first three characters of the preferred language. For example, if you want to receive the message in Marathi, then type in EPFOHO UAN MAR.
By Giving a Missed Call
You can obtain the details via a missed call on 011-22901406 from your registered mobile number if you have registered on the UAN portal. Please ensure that your PAN, Aadhaar, and bank account number are seeded into your UAN. If not, you can request that your employer seed them for you. This service is free of charge.
FAQ
Q1: How can I check my EPF account balance?
A1: There are several ways to check the balance of a provident fund account:
Through text message
Via missed call
Using the UMANG app
Through the EPFO website
Q2: What is the interest rate for EPF accounts for the fiscal year 2022-23?
A2: The interest rate for the fiscal year 2022-23 is 8.15%.
Q3: Is there a charge for checking EPF account balance?
A3: There is no charge for checking EPF account balance through the available methods.
