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EPFO Credits 8.15% Interest for FY 2022-23; Learn How to Check EPF Balance

EPFO Credits 8.15% Interest for FY 2022-23; Learn How to Check EPF Balance

The Employees’ Provident Fund Organisation (EPFO) has initiated the process of crediting interest at a rate of 8.15% into provident fund (PF) accounts for the fiscal year 2022-23. This move has been highlighted by the Union Minister for Labour & Employment, Environment, Forest & Climate Change, emphasizing EPFO’s commitment to becoming a hassle-free and technology-driven organization. The document also outlines various methods for individuals to check their EPF balance, including using the UMANG app, the EPFO website, sending an SMS, and giving a missed call.

Key Takeaways:

  • EPFO has started crediting interest at a rate of 8.15% into provident fund (PF) accounts for the fiscal year 2022-23.
  • The Union Minister for Labour & Employment, Environment, Forest & Climate Change has emphasized EPFO’s commitment to becoming a hassle-free and technology-driven organization.
  • Individuals can check their EPF balance using various methods such as the UMANG app, the EPFO website, sending an SMS, and giving a missed call.


The Employees’ Provident Fund Organisation (EPFO) has started crediting interest for the fiscal year 2022-23 into provident fund (PF) accounts at a rate of 8.15%. Additionally, the EPFO has emphasized on becoming a hassle-free and technology-driven organization, expressing satisfaction with the 8.15% interest rate and the successful crediting of interest in more than 24 crore accounts.


Furthermore, the process for checking the EPF account balance has been outlined, including various methods such as using the UMANG app, the EPFO website, sending an SMS, and giving a missed call. Here is a step-by-step guide on how to check the EPF balance using the UMANG app and the EPFO portal:


Checking EPF Balance Using 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: Complete a one-time registration using your phone number to use EPFO services.
  3. Access EPFO Services: Click on the UMANG app and type EPFO.
  4. View Passbook: Under ‘Service’, go to ‘View Passbook’ and then 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 to view your EPF passbook and check your EPF balance.

Checking EPF Balance Using EPFO Portal

  1. Visit EPFO Website: The member passbook is available at EPFO India.
  2. Access Member Passbook: Click on ‘For Employees’ under ‘Our Services’ and then click on ‘Member Passbook’ under ‘Services’ to find your details.


Additionally, the process for linking a new mobile number with EPF UAN has been mentioned, and it is essential to ensure that the UAN is registered with the EPFO to receive details of the latest contribution and PF balance through SMS or a missed call.

FAQ

Q1: How can I check my EPF balance?

A1: You can check your EPF balance using the UMANG app, the EPFO website, sending an SMS, or giving a missed call. Detailed instructions for each method are provided in the document.


Q2: What is the interest rate being credited into EPF accounts for FY 2022-23?

A2: The interest rate being credited into EPF accounts for the fiscal year 2022-23 is 8.15%.


Q3: Is there a charge for checking EPF balance using the missed call method?

A3: No, there is no charge for checking EPF balance using the missed call method.

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