EPFO Update – The government is about to make a major announcement for PF (Provident Fund) employees, and the news is spreading rapidly. The central government is expected to announce the interest rate soon, which will result in a substantial amount being credited to employees’ accounts. The central government is likely to approve an 8.75 per centinterest rate for the financial years 2025 and 2026, which will be a welcome benefit for employees.
The interest rate for PF employees will be finalised in the last week of January. You can easily calculate how much interest will be credited to your account using the information below. This will clear up all your confusion.
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How much money will be credited to your account?
The Modi government is likely to provide PF employees with an 8.75 per cent interest rate. This is 0.50per centt higher than last year’s rate. Last year, PF employees received a total of 8.7 per cent interest. Approximately 8 crore employees will benefit from this. Now, it’s important to know how much money will be credited to your account.
If a PF employee has Rs. 5 lakh deposited in their account, they will receive approximately Rs. 44,000 in interest at an 8. er centent rate. If you have up to Rs. 6 lakh deposited in your PF account, you will receive up to Rs. 51,000 in interest at an 8.75 per cent rate. PF employees can easily check their balance. You can check your PF balance online.
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How to check your PF balance
To check your PF balance, you need to download the UMANG app.
Then, type EPFO in the search box.
After that, tap on the EPFO section and select View Passbook.
Now, enter your UAN number.
Then, submit the OTP received on your mobile phone.
All your Member IDs will be displayed.
After that, select the account whose passbook you want to view, and you can view or download the passbook.