What’s the EPF interest rate for FY 2023-24?
For the fiscal 12 months 2023–2024, the CBT has proposed an elevated interest rate of 8.25% for EPF accumulations, up from the earlier rate of 8.15%.
The PIB launch dated February 10 acknowledged, “The Board has recommended a distribution of historic income amount of Rs. 1,07,000 crores to EPF members’ accounts on a total principal amount of about Rs. 13 lakh crores, which was Rs. 91,151.66 crores and Rs. 11.02 lakh crores in the financial year 2022-23, respectively. The total income recommended for distribution is the highest on record.”
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Here’s how one can test your EPF stability utilizing these 4 strategies:
Using the Umang app
Employees can use the Umang app on their smartphones to test their PF stability. The authorities launched the Umang app to offer residents with easy accessibility to numerous authorities companies in a single place. Users can even submit claims, view their EPF Passbook, and observe their claims utilizing the app, in line with an ET report. Simply enter your cellphone quantity and full a one-time registration to start.
Through the EPFO portal
To entry your PF passbook on the EPFO web site, go to the staff’ part and choose “Member Passbook.” Enter your UAN and password to log in and think about your PF passbook. Here, you may discover particulars similar to opening and shutting balances, contributions from each you and your employer, any PF transfers, and the accrued PF interest. Your EPF stability can be displayed within the passbook.
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Via missed name
If you are registered on the UAN web site, you possibly can test your EPF info by giving a missed name out of your registered cellular quantity to 011-22901406. Ensure that your checking account particulars, Aadhaar, and PAN are linked to your UAN. You can ask your employer to hyperlink them for you if wanted. This service is freed from cost.
Through SMS
If your UAN is registered with the EPFO, you possibly can obtain details about your newest contribution and PF stability by sending an SMS to 7738299899. Simply ship the next message: UAN EPFOHO ENG for English. If you like to obtain the message in Marathi, ship EPFOHO UAN MAR. Make certain your checking account, Aadhaar, and PAN particulars are linked to your UAN, or replace the newest information for correct info.