EPF interest rate of 8.1% approved for 2021-2022, amount to be credited shortly; Here’s how to check the EPF balance

The Center approved an 8.1% interest rate on Employees Provident Fund (EPF) deposits for 2021-22, the lowest in four decades, from 8.5% the previous year. This will pave the way for interest to be credited to the accounts of over sixty million EPFO ​​subscribers in 2021-22 earlier than usual. In previous years, the interest rate was usually credited to subscribers’ accounts around Diwali or later due to a delay in approval from the Ministry of Finance.

Any employee contributing to the EPF can consult the balance of his account using different methods; they do not need to wait for the employer to communicate the statement of the employee provident fund (EPF) at the end of the year to know the balance.

Each month, an employee pays 12% of his basic income into the PF account, and the employer matches this payment. However, employees can contribute more via the Voluntary Provident Fund (VPF). The interest rate on VPF and EPF is the same.

Umang app, e-Sewa portal for EPFO ​​members, SMS or a missed call are all options to check your EPF amount.

How to Check EPF Balance Using Umang App

The Umang app allows employees to check their PF balance on their mobile phones. The government launched the Umang app to allow citizens to access a variety of government services in one place. The software allows users to view their EPF booklet, submit requests and track their requests. To get started, enter your phone number and complete a one-time registration.

How to Check EPF Balance Using EPFO ​​Portal

Click on “Member Passbook” in the employee area of ​​the EPFO ​​website. You can view the PF booklet by logging in with your UAN and password. Employee and employer contributions will be broken down, as well as opening and closing balances. The amount of PF interest earned as well as any PF transfers will be displayed. You can also check the EPF balance in the passbook.

How to Check EPF Balance by SMS

To check your EPF account balance, send an SMS to 7738299899. EPFOHO UAN is the format in which the message should be sent. To get this message in a language other than English, include the first three characters of the desired language in the message.

How to Check EPF Balance Using Missed Call

If you are registered on the UAN site, a missed call from your registered mobile number to 011-22901406 will get you the information you need. Make sure your UAN is primed with your bank account number, Aadhaar number and PAN number.


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