EPFO : The Employees’ Provident Fund Organisation (EPFO) has said that the revised EPF interest rates are already being paid to outgoing members in their final PF settlement.
This means that EPF members who are retiring are already getting interest along with their PF settlement. Know the details here..
What is the EPF interest rate for the financial year 2023-24?
The interest rate for EPF members for the financial year 2023-2024, as fixed by the Government of India on May 31, 2024, is 8.25%.
EPFO said this
EPFO said in a post on social media that interest rates for EPF members are not credited quarterly. Usually, annual interest rates are declared in the first quarter of the financial year following the end of the financial year. The Government of India has already released the interest rate of 8.25% for the financial year 2023-24 for EPF members. On 31-05 2024, EPFO has released money to the members leaving EPFO membership on the basis of revised interest rates.
Accordingly, 23,04,516 claims have been settled disbursing an amount of Rs. 9260,40,35,488 to the members inclusive of latest interest rate declared @ 8.25% per annum.
— EPFO (@socialepfo) July 11, 2024
Interest paid to 23,04,516 members
EPFO said in its X account that 23,04,516 EPF claims have been settled and an amount of Rs 9260,40,35,488 has been released to the members including the declared interest rate at the rate of 8.25% per annum. However, EPFO has not yet given any clarification regarding active EPF members as to when they will get the payment of interest for the financial year 2023-24. Many active members have asked EPFO on social media when they will get EPF credit.
You can check EPF balance online
Through EPFO member passbook portal
-Visit the official EPFO member passbook portal.
-Enter your UAN and password to sign in.
-Select the PF account you want to view.
– Click on View PF Passbook for all transactions. Here you will get the balance.
Umang App:
Umang App is a unified mobile application of new-age governance launched by the Government of India. There are many apps related to the needs of common people that you can use.
Step 1: First install the UMANG app.
Step 2: Open the app and go to EPFO.
Step 3: Enter your UAN and password to sign in.
Step 4: You will then be able to see your EPF balance and other details.
There are also some offline methods to check your EPF balance.
SMS: If your Universal Account Number (UAN) is linked to a registered mobile phone number, you can send an SMS to 7738299899. You can also choose your language here. Within a few seconds of sending the message, you will receive your current EPF balance details via SMS.
Missed Call: If your Universal Account Number (UAN) is linked to a registered mobile number, you can give a missed call to 011-22901406. After which the call will be disconnected automatically and you will get your EPF information through SMS.
