PF account holders are going to get big news soon. The decision of how much interest will be given to employees in the current financial year can be made on 4 March.
A meeting of the Board of Trustees of the Employees Provident Fund Organization is scheduled on this day. EPFO Trustee KE Raghunathan said that the meeting is proposed on March 4 in Srigar. The agenda of this meeting will be known soon. However, nothing is mentioned in the information yet. It is being said that EPFO may reduce interest rates for the current financial year. The rationale behind this is the large amount of withdrawals by employees at the time of the Corona epidemic. At the same time, there has been a huge reduction in the amount deposited in EPFO account due to the loss of millions of jobs.
Employee Provident Fund Organization for the last financial year (2019-2020) 8. 5 percent was paying interest. Explain that interest money has not been deposited in the account of about 40 lakh PF shareholders. It may be noted that after the change in rules by the Employees Provident Fund Organization, partial or full withdrawal from EPF has become easier and faster. The EPFO can withdraw up to 75% of the amount from the EPF fund after one month of the employee leaving the job. Subscribers can make partial withdrawals online.
There is a possibility that EPFO may reduce interest rates for the current financial year. In fact, during the Corona crisis, account holders have withdrawn large amounts from PF. On the other hand, there is also the argument that due to large number of jobs, the amount deposited in EPFO has also decreased. Account holders have withdrawn large sums of money from the PF during the Corona crisis. On the other hand, there is also the argument that due to large number of jobs, the amount deposited in EPFO has also decreased.
Account holders have withdrawn large sums of money from the PF during the Corona crisis. On the other hand, there is also the argument that due to large number of jobs, the amount deposited in EPFO has also decreased. Account holders have withdrawn large sums of money from the PF during the Corona crisis. On the other hand, there is also the argument that due to large number of jobs, the amount deposited in EPFO has also decreased. Account holders have withdrawn large sums of money from the PF during the Corona crisis. On the other hand, there is also the argument that due to large number of jobs, the amount deposited in EPFO has also decreased.
Learn how to check EPFO balance without internet
To find out through SMS-
If the UAN number is registered with EPFO, the balance information can be obtained from the message. For this, send EPFOHO to 7738299899 and send it. The message of PF balance will come on mobile. At the same time, KYC of PF account is also necessary.
Know balance from missed call
To know the balance for a missed call, a missed call has to be made from the registered number on 011-22901406. After this, the details will be received through the message.
