13 Lakh Employees Registered With Provident Fund Organization Will Get 8.5% Interest: How To Check Your PF Balance?

13 Lakh Employees Registered With Provident Fund Organization Will Get 8.5% Interest: How To Check Your PF Balance?
13 Lakh Employees Registered With Provident Fund Organization Will Get 8.5% Interest: How To Check Your PF Balance?

A piece of good news can be expected by the employees who are registered with the Employees’ Provident Fund Organization (EPFO) by the end of July 2021.

Interest Credit To PF Account

Yes, the EPFO office is planning to credit 8.5 percent interest on Provident Fund (PF) investments.

It is expected to be reflected by the end of this month for FY 2020-21. 

Prior to this, EPFO had decided to keep the PF interest rates unchanged in the last fiscal year, which was FY21. 

That time, the decision was taken after considering the fact that there were more withdrawals than deposits in the last financial year also affected by the COVID-19 led financial and healthcare crisis. 

EPFO has close to 6 crores of EPFO subscribers As of date, who has been investing in the highly secured investment scheme offered by the retirement fund regulatory body. 

Check Your Provident Fund Balance 

Now, EFPO subscribers who are also KYC compliant can easily check their PF balance by following a few easy steps. 

Considering that the PF organization soon crediting the interest rate in the upcoming week, now investors can easily check their increased investments in their PF account via SMS or missed call. 

Check PF Balance Using SMS

  1. You can simply check your PF balance in your EPF account by sending an SMS to 7738299899.
  2. For getting the balance details, the account holder has to send the message in the right format which is – EPFOHO UAN ENG. 
  3. After sending the message, soon the Investors with registered mobile numbers will receive their PF details in an SMS by EPFO. 

Check PF Balance Using Missed Call

The PF balance can also be easily checked by a missed call on EPFO’s official number 011-22901406. 

It is noteworthy here that the investors will have to run a missed call from their registered numbers only to check their PF balance.

In another development, the employees with Employee Provident Fund (EPF), are now eligible for Rs 1 lakh in funds as a medical advance according to a circular by Employees’ Provident Fund Organisation (EPFO).

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