The retirement fund body Employees' Provident Fund Organisation (EPFO) has decided to credit 8.5 percent interest for 2019-2020 in the EPF accounts of around 6 crore subscribers.
The finance ministry has given nod to the EPFO for interest rate recommendation of 8.5 percent for FY20, and it is expected to credit it to subscribers in the next few days.
The EPFO is looking at crediting the interest rate in one go of 8.5 percent instead of a split of 8.15 percent and 0.35 percent proposed earlier.
Due to the coronavirus pandemic, the EPFO in September had decided to split the 8.5 percent interest rate for EPF account holders into two instalments of 8.15 percent and 0.35 percent.
How to check your EPF balance
PF balance can be checked with the help of UMANG app by the employees.
-Visit UMANG app
-Click on EPFO.
-Click on Employee Centric Services
-Click on the View Passbook option
-Feed in UAN number and password
-Get OTP on registered mobile number
-Now check your EPF balance
PF balance can be checked with the help of EPFO portal by the employees
-Click on the e-Passbook
-Enter your UAN number, password and captcha code
-Once you file all the details, you will land up on a new page
-Now open member id
-Now you can see the total EPF balance in your account
PF balance can be checked with the help of SMS by the employees
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 this message: EPFOHO UAN ENG. 'ENG' is the first three characters of the preferred language.
PF balance can be checked with the help of Missed call by the employees
If you are registered on the UAN portal, giving a missed call on 011-22901406 from your registered mobile number will get you the details.