EPFO Latest Update: The Employees Provident Fund Organization (EPFO) had already announced the interest rate of 8.25% for the new financial year 2024-25 in the month of February 2024. However, the interest amount has not yet been credited to the accounts of all EPF members. So, will you suffer a loss due to the delay in interest crediting? And how can you check your PF balance? Know the whole thing.

Delay in PF interest

The delay in this work may be due to the administrative process. EPF interest is credited to the accounts of EPF members only when the government issues an official notification. Therefore, many members may feel that a delay in interest crediting may affect their total returns. But is it so? Let’s know.

According to Paragraph 60 of the EPF Scheme 1952, interest is calculated as per the monthly balance, even if it is credited at the end of the financial year. Because of this, the member does not suffer any loss due to the delay in interest credit. Interest calculation based on monthly balance ensures that every contribution gets the full declared rate. Interest is calculated as compounded annually, so even if there is the delay in deposit, the total amount gets added to your final closing balance for the present year. So, rest assured, the delay will not cause you any loss.

Check your PF balance from home

You can check your EPF balance in many ways, which are as follows –

Through the Umang App

  • First, download and install the Umang app.
  • Register with your mobile number.
  • Select “EPFO” from the options.
  • Click on “View Passbook”.
  • After entering your UAN, click on “Get OTP”.
  • Click on “Login”.
  • Your passbook and EPF balance details will automatically appear on the digital screen.

Through EPFO ​​Portal

Go to the employee section of the EPFO official ​​website and click on the “Member Passbook”.
Now You can access the full detail of PF passbook by entering your correct UAN and password respectively.

It contains details of employee and employer contributions as well as the opening and closing balance. Also, details about the total amount of any PF transfer as well as the amount of PF interest will be available. You can easily check your EPF balance from the passbook.

Through SMS

If your UAN is registered with EPFO, you can get information about your latest contributions and PF balance by sending an SMS to 7738299899. You have to type ‘UAN EPFOHO ENG’ in the message and send it. Here, ENG means the English language. You can use the first three letters of your preferred language.