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Tuesday, March 5, 2024

PF Diwali Gift: The Government Has Begun To Credit Interest To Employee Provident Funds; Here’s How To View Your Balance


<p>The government body was notified in an official statement that the Employees’ Provident Fund Organization (EPFO) has started crediting the provident fund interest to the individual account holders’ accounts ahead of Diwali. The EPFO said that while a lot of customers have had interest credited to their accounts, it could take some time for it to show up in their bank accounts.<img decoding=”async” class=”alignnone wp-image-278190″ src=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-images-7-1.jpg” alt=”theindiaprint.com images 7 1″ width=”1004″ height=”562″ title=”PF Diwali Gift: The Government Has Begun To Credit Interest To Employee Provident Funds; Here's How To View Your Balance 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-images-7-1.jpg 300w, https://www.theindiaprint.com/wp-content/uploads/2023/11/theindiaprint.com-images-7-1-150×84.jpg 150w” sizes=”(max-width: 1004px) 100vw, 1004px” /></p>
<p>According to reports, account holders who invest in PF accounts for the 2022–2023 fiscal year would get an interest rate of 8.15 percent.</p>
<p>Additionally, the administration posted on social network X, saying, “The process is under way and could be seen there very soon.” The interest will accrue and be paid in full whenever it is credited. There would be no decline in enthusiasm. Please continue to be patient.”</p>
<p>Regarding the same topic, Union Labour Minister Bhupender Yadav said that over 24 crore accounts had been credited with interest.</p>
<p>How Can You Tell Whether Your Interest Has Been Credited?<br />
The interest will appear in your PF account as soon as it is credited to your account. You may check it in a number of ways, such as via the EPFO website, UMANG app, missed call, and text message.</p>
<p>The PF Interest Rate is Set by Who?<br />
The Ministry of Finance and the EPFO’s Central Board of Trustees (CBT) collaborate to determine the annual PF interest rate. EPFO released the interest rate for current fiscal year in July.</p>


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