The Employees’ Provident Fund Organisation (EPFO) will credit the EPF interest rate due against the Provident Fund deposits done by subscribers. The retirement fund regulatory body is expected to deposit Employees’ Provident Fund (EPF) interest rate of 8.5% by the end of this month.
EPFO kept the interest rate unchanged for the financial year (FY) 2020-2 as there were more withdrawals than deposits during the year owing to widespread job losses due to the Covid-19 pandemic.
The government reduced the EPF interest rate to a 7-year low of 8.5% during the financial year 2019-20 which was 8.65% during FY 2018-19, 8.55% during FY 2017-18, and 8.65% for FY 2016-17.
EPFO has 6 crore members who are likely to see the EPF interest credit for the year FY 2020-21 anyway during the next week. They can check their funds in their provident fund accounts by giving a missed call, through an SMS or through UMANG app.
Steps to check EPF balance through SMS
An EPF subscriber can check his or her PF balance through SMS any time and anywhere. By sending an SMS to 7738299899, EPF subscribers can check their PF balance instantly without compromising their comfort. All they need to do is type “EPFOHO UAN ENG” where UAN is the Universal Account Number allotted by EPFO and ENG is the language code of English. According to your mother tongue or the language you are comfortable with, you can select the code just like HIN for Hindi, MAR for Marathi, TAM for Tamil and so on. By typing the above code and sending it to 7738299899 from their mobile number registered with the EPF account, EPF subscribers can track their EPF balance in just a matter of seconds.
PF balance check through missed call
The EPFO is running missed call service through its given number 011-22901406. To know one’s PF balance, the EPFO subscriber is advised to give a missed call on this number from the registered mobile number. However, one can avail of this service only if the EPFO member has seeded its UAN with the KYC details.