EPFO maintained rate of interest on provident fund deposits at 8.5 per cent for 2020-21.
Employees’ Provident Fund (EPF) is a compulsory contribution from the wage of a person that each group with greater than 20 staff has to deduct. Earlier this 12 months, the Employees’ Provident Fund Organisation (EPFO) maintained the rate of interest on provident fund deposits at 8.5 per cent for 2020-21, the identical as final fiscal 2019-20. Contributions made in direction of provident fund accounts qualify for deduction in taxable revenue below the Section 80C of Income Tax Act. Interest charges on these provident fund accounts are revised by the federal government now and again.
Here’s the right way to test your Provident Fund (PF) account stability via EPFO web site:
Firstly, the EPF member ought to go online to the EPFO’s official web site – epfindia.gov.in.
Click on the e-passbook hyperlink which is obtainable on the highest proper facet of the portal
The person might be redirected to the EPF passbook web page – passbook.epfindia.gov.in. Log in to the account by getting into username – also referred to as UAN or Universal Account Number, and the password. The UAN is an identification quantity talked about within the month-to-month wage slip of each worker.
Once logged in, the small print on the involved employment need to be chosen. For instance, somebody who has labored in three completely different organisations can have three completely different member IDs to select from. Select the member ID.
After a member ID is chosen, the person can view the EPF e-passbook or EPF passbook. The passbook signifies the stability within the EPF account.
How to test EPF stability via SMS:
To test the stability via textual content message, the member can ship an SMS to 7738299899 from his/her registered cell quantity. The member has to sort “EPFOHO UAN” accurately. The facility is obtainable in 10 languages – English (default), Hindi, Punjabi, Tamil, Malayalam, Gujarati, Marathi, Kannada, Telugu, and Bengali. For receiving the SMS in any of the languages aside from English, the primary three characters of the popular language have to be added after the UAN. For instance, to obtain the SMS in Tamil, it’s best to ship it as: “EPFOHO UAN TAM” to 7738299899.
How to test EPF stability via Missed name:
EPFO members can test their stability by giving a missed name at 011-22901406 from their registered cell quantity. In case the UAN of the member is seeded with any one of many Bank account quantity, Aadhaar, and PAN (Permanent Account Number), the member will obtain the small print of the final contribution and PF stability. However, with a purpose to avail of this facility, the cell quantity should be activated with UAN on the unified portal. Giving a missed name from the registered cell quantity at 011-22901406 routinely will get disconnected after two rings. This service to test PF stability is obtainable freed from value.
How to test EPF stability via the Umang app:
Open the Umang (Unified Mobile Application for New-age Governance) app and click on on EPFO. The member might be directed to a web page that exhibits employee-centric providers. Click on ’employee-centric providers’, which is able to direct the person to the web page. Then, click on on ‘view passbook’ and enter the UAN and one-time password (OTP), which the person will obtain on the registered cell quantity. After this, the member will be capable of test the EPF stability.
