Provident Fund: Six Months PF Interest Crediting Started; Read Below How You Can Check Your Balance

Pune, January 5, 2021: The process to credit provident funds (PF) interest of the last six months has finally started, giving relief to employees’ provident fund organisation (EPFO) affiliated members. The interest is credited as declared on the provident fund for the year 2019-20 to the account of PF members. PF holders can verify whether PF is credited to their PF account through four different options.

Last year, the ministry of labour had sent a proposal to the finance ministry that the PF interest amount should be paid to the members. The proposal was approved by the finance department. An interest rate of 8.5 percent has been sanctioned on PF for the year 2019-20. In September, it was decided to pay the interest in two phases. The first phase was proposed to give 8.15 percent and the second phase 0.35 percent. However, the ministry of labour had at the same time demanded that the entire 8.5 percent interest be paid to the members. The finance ministry has now agreed. An ordinance has been issued by the ministry of labour in this regard, informed labour minister Santosh Gangwar.

EPFO members will be able to confirm the interest credited to the PF account. Members can get information about PF interest from the government app Umang App.

1) PF members can check the balance on Umang App

• Download Umang App from Play Store in smartphone.
• Register your mobile number on this app and login to the app.
• Go to ‘Service Directory’ in the menu on the left side of the app.
• Select the EPFO option in the ‘Service Directory’.
• Click on View Passbook and enter the UAN number and OTP to know the balance of PF.

2) Get PF balance info on SMS

• Your UAN number must be registered with EPFO for this service.
• You have to send the message ‘EPFOHO UAN ENG’ to 7738299899.
• This service is available in 10 different languages like English, Hindi, Punjabi.

3) Give a missed call

• PF balance can be checked by making missed calls to the members as per SMS service.
• For this, make a missed call from your registered mobile number to 011-22901406.

4) Check their (EPFO) website

• Information on the balance amount can be found on the website of the Employees Provident Fund Association at epfindia.gov.in.
• After clicking on this website you will have to submit the information on a new page passbook.epfindia.gov.in.
• Here you have to enter UAN number, password and captcha code.
• After filling in all the information, another new page will open and you have to select the member ID.
• You will know the EPF balance from the e-passbook.