EPFO Interest for FY 2022-23: EPFO has started transferring money to the accounts of employees for the financial year 2022-23. Let us know about the method of transferring money to EPF account.
Diwali 2023: Employees Provident Fund Organization (EPFO), while giving Diwali gift to its employees, has started transferring the interest rates for the financial year 2022-23 to the accounts. It is worth noting that in this financial year, EPFO is offering 8.15 percent interest rate on the amount deposited in the account of account holders (EPFO Interest Rate for FY 2022-23).
It is noteworthy that the interest rates of EPFO are decided every year by the Central Board of Trustees (CBT) and the Finance Ministry. Talking about this year, the government had announced the interest rates for the financial year 2022-23 in June 2023. After this, the government has started transferring the interest rate money to the accounts of PF account holders.
EPFO gave information-
Many users on the social media platform X i.e. Twitter have been asking EPFO for a long time as to when the interest money will be transferred to their account. When a user named Sukumar Das asked a question on this matter, EPFO replied that the process of transferring the interest to the account has been started and the account holders will get the entire interest amount without any loss this year. Along with this, EPFO also requested the employees to remain patient.
The process is in pipeline and may be shown there very shortly. Whenever the interest will be credited, it will be accumulated and paid in full. There would be no loss of interest. Please maintain patience.
— EPFO (@socialepfo) November 10, 2023
How to check PF balance-
If you are a PF account holder and want to check the balance of your account, then you can do this easily. For this you can take help of message, missed call, Umang app or EPFO website. To check balance through message, you will have to send a message to 7738299899 from your EPFO registered mobile number. Apart from this, you can also check the balance by sending a missed call to the number 011-22901406. Balance can be checked by going to the EPFO portal and going to the For Employees section.
To check balance on Umang app, first download the app in your mobile. After this, go to EPFO section and select Service and View Passbook. After this, go to Employee-centric service and select OTP option. Then OTP will come on your mobile and enter it. After this, within a few minutes the EPFO passbook will open in front of you.
