EPF Interest : Not yet received the interest money on EPF, EPFO told when it will be available
Giving the good news, EPFO said that eligible EPF account holders will get their money by the end of July, but now this good news has turned into waiting because half of August has also passed
Crores of subscribers of the Employees' Provident Fund Organization (EPFO) in the country are waiting for the interest money (EPF Interest Rate Credit) to be received every financial year on their EPF account. Due to Covid-19, the subscribers are delayed in getting their interest money. However, EPFO had given the good news that eligible EPF account holders would get their money by the end of July, but now this good news has turned into waiting as half of August is also about to pass after July and EPF interest rate is not credited yet. Has happened.
People are questioning the official Twitter account of EPFO regarding this. On one such query, the organization has responded. In the tweet, the department has said that the process is on and people will get their full money in no time. EPFO said, its process is in the pipeline. Whenever interest money is credited, the entire amount will be credited after assessing it. There will be no loss in interest. Please be patient.'
Money will come at an 8.5% interest rate
Explain that in this social security scheme, an interest rate of 8.5 percent has been fixed for the financial year 2021-22. The Central Board of Trustees (CBT) of EPFO had a meeting in March, after which they said that there is no change in the rates. In 2019-20 also, the board had kept the interest rates at 8.5 only. Due to Coronavirus, EPFO had to make a big cut in the interest rate given on PF. In 2019-20, the interest rate was reduced to 8.5, reducing it to the lowest level of seven years. In 2018-19, the interest rate was 8.65 percent, while in 2017-18 it was kept at 8.55 percent.
How can I check whether the money has come or not ?
There are many ways to check the EPF account balance. First of all, you can get the information about the money being credited by visiting the EPFO's site. Apart from this, EPFO also gives the facility to check balance through missed call and SMS. On the number 7738299899, you will have to enter 'EPFOHO UAN' i.e. first EPFOHO and then UAN, by sending this message, you will know the balance. At the same time, you can also check your balance by giving a missed call on 011-22901406 from your registered mobile number. Your mobile number should be activated with UAN on the Unified Portal.