EPFO Alert: Provident Fund is very important for job seekers as it provides financial security after retirement. That’s why you always need to be updated.
Employees’ Provident Fund Organization (EPFO) has issued an alert for its 6 crore account holders. PF account holders have been alerted about personal information and downloading of any kind of app. EPFO has given this information on Twitter. Provident Fund (PF) is very important for any person who is working as it provides financial security after retirement.
PF amount also gives benefits to the salaried people during their services. Hence, you need to always be updated about your PF money. Explain that EPFO keeps issuing alerts to its customers from time to time. It keeps on sending alerts to the customers through its Twitter handle and SMS.
What did EPFO say?
EPFO has issued a warning to its customers against fake calls. EPFO said in its tweet, EPFO never asks for UAN number, Aadhar number, PAN or bank account on phone calls from its account holders and neither EPFO Makes a phone call to your account holders.
Warning to beware of Fake Websites
Hence, you need to avoid such fake incoming calls as it can help hackers to log into your EPF account and compromise its security. EPFO has also warned its customers to avoid fake websites.
If you do not heed the alert of EPFO, then you may have to pay a heavy price for it and there may be a possibility of fraud with you.
money will come in account before diwali
The retirement fund body can credit the interest rate for the financial year 2020-21 (FY21) before Diwali. According to reports, the Central Board of EPFO has approved the increase in interest and the body is now awaiting the approval of the Finance Ministry.
You can merge two or more EPF accounts like this
After leaving the job, take special care that all your old Employees Provident Fund (EPF) accounts should be merged into the new account. It is necessary to merge all the EPF accounts of the previous company with the existing EPF account. So that there is a record that you are working continuously. Withdrawal from EPF account is tax free after 5 years.
Five years are counted from the date of joining the EPF scheme. One can merge his various EPF accounts using Universal Account Number (UAN). UAN allows linking of all EPF accounts with a single account.
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