EPFO News – Nearly 8 crore PF employees are now expected to receive a big gift. The Modi government at the centre may soon open a treasure trove for PF employees. It is speculated that the government may announce an interest rate of 9.25 per cent for the financial years 2025 and 2026.
If this interest rate is approved, it will be 1 per centhigher than last year. The government may make an announcement on this in the last days of January. The financial budget is likely to be presented on February 1st, and the government is planning to confirm the interest rate before that. However, no one has officially said anything yet.
How much interest can PF employees expect?
The central government may give PF employees an interest rate of 9.25 per cent. Last financial year, the interest rate was 88.2 per cent. This time, a percentageincreasee is possible. A substantial amount is expected to be credited to the accounts of PF employees. If a PF employee has up to Rs 7 lakh in their account, then an amount of up to Rs 65,000 can be transferred as interest.
All EPF members are expected to benefit from this. The amount credited to PF employees’ accounts can be easily checked online. The method to check PF money is also very simple. The interest amount will be transferred based on the total amount deposited in the PF account.
Check your PF money using these two methods
To check your PF money, first download the UMANG app.
Then, select the EPFO service.
Then click on ‘View Passbook’.
After that, log in by entering your UAN and OTP, and you can check your passbook.
Alternatively, you can also check your money this way
EPF members can visit the official EPFO website epfindia.gov.in.
Then, go to ‘For Employees’ and select ‘Member Passbook’ or ‘Unified Member Portal’.
Then, log in with your UAN and password.
Then, click on ‘View Passbook’ or ‘Passbook Lite’ to view and download the details.