Linking life has been extended even before
If you do a job and have a PF account, then this news can be of use to you. Actually EPFO is giving interest up to 8.5% on the amount deposited in the PF account. The central government has released a fund equal to 8.5% interest amount for PF accounts. But if you have not done this work related to PF account, then you may be deprived of the amount of interest coming in the account.also Read:How to be financially independent with a good credit score
Linking before this date
According to media reports, the funds released by the central government as interest for PF accounts can be deposited in the accounts this month. But this will happen only when you have linked your PF account with Aadhaar number. Explain that the government has made it mandatory to do Aadhaar verification and seeding in PF accounts. This linking process will have to be done before 1st September.Also Read:Best prepaid Plan with up to 2GB daily data under Rs 200, check all offers
Deadline has already increased
EPFO has about 22 crore accounts, out of which 6 crore accounts are being told from PF alone. EPFO subscribers will have to link their UAN number with the given number of Aadhar card to get interest in PF amount. This can be done online on the EPFO website or directly by visiting the office. Help can also be taken from your employer in this regard. This issue was raised several times in front of the Labor Ministry. At that time also an appeal was made to extend the period given for linking UAN number with Aadhaar. After this, by issuing an order on July 15, this period was extended to September 1.Also Read:How to file ITR on the new website of Income Tax, know every step here with pictures!
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