EPFO Interest Amount: Employees Provident Fund Organization i.e. EPFO recently made a big announcement for crores of PF account holders of the country. It has been announced that interest will be increased in this financial year. This means that now more than 7 crore PF account holders of the country will directly benefit from this. Every year, at the end of the financial year, interest is credited to the accounts of PF account holders. When will the credit be available this time and know how you can check. Whether interest came in your account or not.
it will take more time
In fact, recently the Board of Trustees or CBT, which takes the final decisions of EPFO, had announced to increase the interest this year. For which now the Finance Ministry has to approve their decision. Only after this the money will come into the PF account under the new interest rate. The Home Ministry will give its approval on this. After that it will be published in the gazette. Only then will this amount be transferred to the accounts of the account holders. So we can say that it may take some more time. In the year 2022-23, the interest rate was 8.15 percent, while in the year 2023-24 it has been increased to 8.25 percent.
How can you check?
Whatever transaction takes place in your PF account. His message is sent to your registered mobile number. But if you want, you can also get information yourself whether interest money has come into your PF account or not. For this you can also use Umang app. You can also find out by sending a message from your phone. So you can also get complete information about your account by logging into EPFO’s official website epfindia.gov.in.
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