Providing the much-needed relief to over 6 lakh PF Subscribers, the Employees’ Provident Fund Organization (EPFO) is expected to credit 8.5 percent interest on Provident Fund (PF) before Diwali, as per media reports.

 

As per a report, the PF interest credit will take place as the same time as the hike in Dearness allowance (DA) and dearness relief (DR) given to central government employees and pensioners.

 

The development, which is likely to come close to the time when government employees get their dearness allowance and dearness relief will bring much cheer to millions under the pressure of Covid-related economic stress, high fuel, and prices, etc.

The EPFO’s central board has approved the interest hike and the body now seeks the nod of the finance ministry, according to reports.

 

EPFO sought the final approval from the ministry for an 8.5% interest rate for 2020-21 which was decided after considering all factors. The retirement fund is well-positioned to pay the interest rate to its subscribers. The nod from the ministry is sought as per protocol as the EPFO cannot credit the interest rate without its approval.

 

Here’s how to check PF balance?

Once the interest rate is credited, the EFPO subscribers can easily check their PF balance by following a few steps. They can easily check their increased investments in their PF account via SMS or missed call.

 

How to check PF balance by SMS:

  1. The PF subscribers can easily check PF balance in EPF account by sending an SMS to 7738299899.
  2. You have to send the message in the right format which is – EPFOHO UAN ENG.
  3. PF subscribers with registered mobile numbers can receive their PF details via an SMS by EPFO as soon as they send the SMS.

How to check PF balance by missed call:

  1. The PF subscribers can also check their PF balance by giving a missed call on EPFO’s official number 011-22901406.
  2. They will have to run a missed call from their registered numbers only to check their PF balance.