EPFO Update: 8.25% Hobby Rate Retained—How To Check Your PF Balance
In a great update for personnel's Provident Fund company (EPFO) subscribers, thegovernmenthas retained the interest rate at 8.25% for the economic year 2024-25. This decision was made in the current EPFO principal Board of Trustees meeting, making sure that more than 7 crore employees will enjoy the unchanged hobby charge.
Even as the precise date For interest crediting, it has now not been officially introduced; media reports endorse that the funds may be deposited by way of the second week of april 2025. april marks the start of the brand new economic year, during which several policy Modifications take impact.
EPFO 3.0 replace
With personnel eagerly anticipating their Provident Fund (PF) interest payout, EPFO has provided a couple of approaches to test your balance immediately. Right here's how you may check your EPF balance from the comfort of your house.
How to check your EPF stability?
EPFO offers numerous convenient strategies to check your Provident Fund (PF) stability and hobby credit score reputation:
1⃣ Test EPF stability through SMS. ship an SMS to 7738299899 out of your registered mobile wide variety.
layout: EPFOHO UAN ENG
Update ENG with your selected language code
(e.g., HIN for Hindi, MAR for Marathi).
Make sure that your UAN (widely widespread account range) is connected for your bank account, Aadhaar , and PAN.
2⃣ Check EPF balance via overlooked name.
Dial 011-22901406 from your registered mobile range and disconnect after one ring.
You may get hold of an automated SMS along with your EPF stability information.
Ensure your UAN is activated before using this. service
3. Check EPF balance via the EPFO M-Sewa App.
Download the EPFO M-Sewa App from the google Play shop.
Log in the usage of your UAN & password.
Navigate to the 'Passbook' segment.
View your account stability & interest info.
4 test EPF stability through the EPFO Portal
Go to the legitimate EPFO internet site: www.epfindia.gov.in.
Click on 'Our offerings.'
pick 'For employees'
Click on 'Member Passbook.'
Log in with UAN & password.
Check your account stability & interest info.
5 test EPF stability through the UMANG app.
Download the UMANG app from the google Play Store.
Register along with your cellular variety.
pick 'EPFO'
Click on 'View Passbook.'
Input your UAN & OTP acquired on cellular.
View your up-to-date PF stability.
When will EPF interest be credited?
Interest for FY 2024-25 has been constant at 8.25%.
More than 7 crore personnel will acquire the hobby credit score.
Predicted disbursal date: by using the second week of april 2025 (as according to media reports).
Respectable confirmation awaited from the EPFO & authorities.
Why Has the EPF Interest
Fee Remained Unchanged?
The 8.25% hobby fee is in keeping with the preceding financial year (2023-24) and ensures stability for EPF contributors. Maintaining the interest charge unchanged displays robust EPFO reserves and the government's commitment to safeguarding personnel's retirement financial savings.
Key blessings of EPF for personnel:
Guaranteed Returns: Strong hobby rates ensure comfortable retirement savings.
Tax benefits: Contributions & hobby earnings are tax-unfastened beneath section 80C.
Lengthy-term boom: Compounded annual hobby complements savings overtime
.
Mortgage Facility: Employees can withdraw partial quantities for emergencies, domestic loans, or medical wishes.
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