In the month of March, the Central Board of Trustees of EPFO decided to give 8.5 percent interest on EPF together for the financial year 2019-20. But in September, he proposed to pay this interest in 2 installments in view of the situation caused by Kovid-19.
New Delhi: Just before the start of the new year, the government has announced big gifts for the employees. In fact, the government has approved a proposal to provide full interest of 8.5 percent on Employees Provident Fund ( EPF ) for the financial year 2019-20 . According to media reports, giving more information about this, the officials said that recently there was a meeting of the Ministry of Labor and Finance to discuss the proposal related to interest rate. In which the Finance Ministry had asked for the details, expressing some concern over the risky investment.
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Due to Corona there was interest in two installments
Let us tell you that in the month of March, EPFO ‘s Central Board of Trustees had decided to simultaneously give 8.5 percent interest on EPF for the financial year 2019-20. But in September, he proposed to pay this interest in 2 installments in view of the situation caused by Kovid-19. During this time, it was said that 8.15 percent installment should be immediately deposited in 6 crore employees account and the remaining 0.35% amount should be deposited before 31 December.
Check EPF account balance like this …
1. First log on Epfindia.gov.in .
2. After this, fill in your UN number, password and captcha code.
3. On the screen, you will see the option of e-passbook, click on it.
4. Now you will be asked for some information. After filling it, click on the OK button.
5. Open the member ID.
6. After doing this, you can see the total EPFO balance in your account.
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