EPFO: If you’re currently employed and have PF deductions, this information could be crucial for you. If you find any mistakes in your EPF profile, there’s no need to endure a complicated process. You can conveniently update several details from your home. In the past, even small corrections required a joint declaration, approval from your employer, and a tedious visit to the EPFO office. Fortunately, the EPFO has now made the member profile correction process much simpler. Let’s explore the steps and the essential guidelines…
What steps should you follow to update?
To modify the details in your EPF profile, you can adhere to the following steps.
- First, visit the official EPF Unified Portal.
- Next, log in using your UAN, password, and captcha.
- Then, navigate to Profile Settings and select ‘Manage’ from the top menu.
- After that, click on ‘Modify Basic Details’.
- Once you’ve entered the correct information, submit your request.
- You can monitor the status through the ‘Track Request’ section.
Who is eligible to update?
It’s crucial to keep these points in mind when updating details online.
You can only update your details online if your UAN number is linked to your Aadhaar number.
Additionally, if your UAN number was created after October 1, 2017, you are eligible to make updates.
What details can you modify?
You can update the following details from the comfort of your home:
Name
Date of Birth
Gender
Nationality
Parents’ Names
Marital Status
Spouse’s Name
Date of Joining
Date of Leaving
For many of these corrections, you won’t even need to upload any documents. However, if your UAN is older and not linked to Aadhaar, your request will only move forward with approval from either the employee or an EPFO officer.
Recently, the Employees’ Provident Fund Organization (EPFO) decided to maintain the interest rate on PF deposits at 8.25% for the financial year 2025-26. Now, the biggest question on employees’ minds is how much interest will be credited to their accounts and how will it be calculated?
How much PF is deducted?
An employee is required to contribute 12% of their basic salary and dearness allowance to their PF account. The company also contributes an equal amount. The company’s contribution is divided into three parts: 3.67% is deposited into the EPF, while the remaining 8.33% is deposited into the Employee Pension Service (EPS) and IDLI (insurance).
How much interest are you getting now?
PF accounts currently offer an interest rate of 8.25%. For the financial year 2023-24, the interest rate was increased by 0.10% from 8.15% to 8.25%. In 1952, the interest rate on PF was only 3%. The best period for PF holders was from 1989 to 1999, when PF earned 12% interest. However, after this, the interest rate began to decline.
