EPFO Interest rates: Good news for crores of EPFO ​​users, now you will get this much interest on PF, check the status like this..

Recently, great news has come for 7 crore EPFO ​​members of the country. The Union Finance Ministry of the country has made a big announcement. The ministry has approved the increase in interest for Employee Provident Fund deposits. In February this year, the Employees Provident Fund Organization (EPFO updates) announced to increase in the interest rate to 8.25 percent for the financial year 2023-24, which has now been approved by the Finance Ministry.

Let us tell you that EPFO ​​has increased the new interest rate for 2023-24 from 8.15% interest rate last year to 8.25%. Giving information on the social media platform X, EPFO ​​said that EPF members will avail the benefit of 8.25% interest (new interest rates of EPFO) for the financial year 2023-24. The new rates were notified in May 2024. Now the employees are just waiting for the interest to be credited to their PF account.

EPFO gave this information
The Employees Provident Fund Organization i.e. EPFO ​​posted on the social media platform X that the interest rate for EPF members is not declared quarterly. Generally, the annual interest rate is declared in the first quarter of the following financial year after the end of the financial year. Therefore, the interest rate of 8.25% for the financial year 2023-24 for EPF members has already been approved by the Government of India (EPFO interest rates) which has been notified by EPFO ​​on 31-05 2024.

Interest in these revised rates is already being given to the outgoing members in their final PF settlement. It said that 23,04,516 claims have been settled, distributing an amount of Rs 9260,40,35,488 to the members including the latest declared interest rate of 8.25% per annum.

How to check your status

Go to the official Umang app, log in, and access your EPF passbook on your mobile device.

EPF website: Visit the EPF India website and go to the “For Employees” option. Click on “Member Passbook” under the “Services” tab. Use your UAN, password, and captcha to log in. Your passbook will appear within 6 hours of registration.

SMS service: To use the SMS service, send a message “EPFOHO UAN” to 7738299899.

Missed call service: You can get passbook details by giving a missed call to 9966044425 from your registered mobile number.

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