PF Account New Update: Great news for employees!

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If you are a PF account holder then this news may be special for you. Let us tell you that if money is deposited in your account, then there is very good news for you. Let us tell you that important news has come out on your interest money.




If you are worried about when the interest money will be deposited in your account for the last business year. In such a situation, you have nothing to worry about. Because information on this has been given by EPF.

Know how much money will come into your account

EPFO has said that whenever the interest money is deposited, the entire amount will be deposited in the account and full payment will be made. There will be no loss of interest in this.

Know how much interest you will get

Whereas in February, EPFO had informed about the interest rate for PF of employees for the financial year 2023 to 2024. The retirement fund body has increased the interest rate by 10 bps to 8.25 percent, which is more than 8.15 percent in the last financial year. This is the highest EPF interest rate in the last three years.

How to know whether interest has come or not

Employees covered under EPFO have been waiting for interest in their accounts for a long time. As soon as the interest is deposited, users can check their balance online through its website. Apart from this, EPFO can check your PF balance through missed call and message.

Know what is the rule of PF

To check EPF balance, subscribers must have their UAN active. In such a situation, you should know that the employee deposits 12 percent of the monthly salary in the EPF account and this part is deposited by the employing organization. The entire money of the employee is deposited in the PF account. But out of 12 percent, 8.33 percent is deposited in EPS.

Some important things for PF account holders:

Keep your UAN active.
Keep checking your PF account information from time to time.
If you have changed jobs, get your PF transferred from your old employer.
After retirement, you can withdraw money from your PF account.

source

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Pooja Gupta

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

Disclaimer:- The opinions presented are exclusively those of the author and CA Guruji Classes. The material in this piece is intended purely for informational purposes and for individual, non-commercial consumption. It does not constitute expert guidance or an endorsement by any organization. The author, the organization, and its associates are not liable for any form of loss or harm resulting from the information in this article, nor for any decisions made based on it. Furthermore, no segment of this article or newsletter should be employed for any intention unless granted in written form, and we maintain the legal right to address any unauthorized utilization of our article or newsletter.

CA Pooja Gupta (CA, ISA, M.com) having 15 years of experience. Educator and Digital Creator

12 thoughts on “PF Account New Update: Great news for employees!”

  1. Namaste..!!
    Mere pf account se aadhar link nahi ho pa raha b’coz mera mobile no jo pf account se link hai vah bund ho chuka hai.
    Aadhar No ko pf account se kaise link kare kripya margdarshan karen.

    Reply
    • Sir

      Apna employer ka registered office ka number nikaliye aur waha apna UAN number bataiye. Woh appko age direct kar denge kaise karna hain.

      Reply
    • मेरे पी एफ में पेंशन फंड में पैसा जमा है परन्तु मेरी उम्र ५८ साल से अधिक होने के बाद पैसे जमा हुएं है ओर मेरी सर्विस १० साल से कम है फिर भी पैसा निकल नहीं रहा है क्या पेंशन फंड में जमा पैसे मुझे वापस मिल जायेगा इसके लिए मुझे क्या करना है मैंने कई बार कोशिश कर चुका हूं परंतु केस रिजेक्ट कर देते हैं

      Reply
    • Apkey emoloyer ko inform karkey joint declaration form submit karo, and ueu option a to change contact details.

      Reply
  2. Namaste..!!
    Mere pf account se aadhar link nahi ho pa raha b’coz mera mobile no jo pf account se link hai vah bund ho chuka hai.
    Aadhar No ko pf account se kaise link kare kripya margdarshan karen..

    Reply
  3. Dear Madam,
    I have a PPF account in sbi. I have deposited since 2020. Now I need money for some home repair purpose . Can I withdraw some money from that account by bank ?

    Reply
  4. मेरे पी एफ में पेंशन फंड में पैसा जमा है परन्तु मेरी उम्र ५८ साल से अधिक होने के बाद पैसे जमा हुएं है ओर मेरी सर्विस १० साल से कम है फिर भी पैसा निकल नहीं रहा है क्या पेंशन फंड में जमा पैसे मुझे वापस मिल जायेगा इसके लिए मुझे क्या करना है मैंने कई बार कोशिश कर चुका हूं परंतु केस रिजेक्ट कर देते हैं

    Reply
  5. Kindly clarify the following
    Exit from the company 31-3-2015
    2) had litigation from 2015 to 2024
    3) now my age is 63 (04-09-1960)
    4) Employer not closed my pf account
    5) pl check do reply

    Reply

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