EPFO Update: PF employees will be happy, because the government can transfer the interest money to their accounts soon. 8.25 per cent interest has been announced for the financial year 2024-2025. However, the rates are the same as before, the benefit of which is believed to be sure to benefit more than 7 crore employees across the country.
Now everyone is eagerly waiting for when the interest money will be transferred to their account. If media reports are to be believed, money can be started putting in the account by the last week of June. Officially nothing has been said on the date of making money yet. You can know the important things related to PF in the article below.
Government approved
In the meeting of the Board of Trustees of EPFO, a proposal of 8.25 per cent interest was passed. It was sent to the Union Ministry of Labour and Employment for approval. The central government has now approved the proposal. Now the way to get 8.2 per cent interest has become clear. The interest rates were the same in the last financial year, 2023-2024. There were expectations of interest increase this time, but it could not happen at the last moment. The interest rates were kept as before.
How many employees will get the benefit?
The 8.25 per cent interest approved by the Central Government to the PF employees will benefit more than seven crore families. Now all eyes will be on their EPF account to see when the money is transferred. Interest will be given according to the capital deposited in your PF account. You can easily check how much money has come into your account. You can follow the step-by-step instructions below to check the cash.
How to check PF money?
To do this, you must first send an SMS from your mobile to 7738299899.
After this, EPFOHO UAN ENG has to be typed in the SMS.
After this, for example, EPFOHO 123443457012 HIN (if you want information in Hindi).
Then, after sending the SMS, you will easily get the information of your PF balance within some time.