EPFO: Millions of employees across the country rely heavily on EPFO. Which is because of the good interest found here. But now a news has come out, due to which the employees will have to wait.
Actually, interest on EPF account will not be available yet. According to the report, due to technology problem in the software, interest money has not been able to go to the accounts of many people. The reason behind this is stated that if there is a problem in the EPF account of an employee of any institution, So the software is not able to credit interest to the accounts of the people of the entire company. A senior official said that the work of making changes in the software is going on fast. The interest amount will start reaching the employees’ accounts within the next 15 to 20 days.
The officer further said that the number of days the technical problem has been done in the notification period. His interest will also be credited to the account of the people. According to the report of the news website Hindustan, due to technical problems, it will take time for interest money to come into people’s accounts. On 31 December 2020, the central government had announced the EPF interest for the financial year 2019-2020 in the accounts of the people. Labor and Rogajar Minister Santosh Gangwar had issued a statement saying that the entire interest would be paid to the employees simultaneously. Earlier, 8.15 per cent interest till Diwali last year, while 0. The 35% share was to come into accounts by December. However, then the government decided to give the entire amount together in December.
Do this by updating your date of exit on changing jobs
Employees can update the date of exit in an EPFO account on changing jobs. Earlier this facility was only with the company or institution. In such a situation, employees used to have a lot of difficulty in withdrawing money and transferring money.
Let’s know what the whole process is
1. First of all go to https://unifiedportal-mem.epfindia.gov.in/memberinterface/ . The UAN number, password and captcha code have to be submitted after the website is open.
2. On login, a new page will be opened where click on the Manage option. After this, mark is to choose on exit option. Then the Select Employment dropdown option will come.
3. Select the old PF account number. After that, the reason and date of leaving the job will have to be entered. In which three options will be given. Select the option and click Request OTP.
4. An OTP will appear on your registered mobile number, enter it and submit it.
5. On completion of the process, an SMS will be sent on the death PF account of the job leave.
