What is the EPF Interest Rate for FY 2023-24?
For the fiscal year 2023–2024, the CBT has proposed an interest rate increase of 8.25% for EPF accumulations, up from the previous rate of 8.15%.
The GDP statement dated February 10 stated: “The Board has recommended a distribution of historical income value of Rs. 1,07,000 crores to the accounts of EPF members on a total principal amount of around Rs. 13 lakh crores, which was Rs. 91,151.66 crores and Rs. 11.02 lakh crores in the financial year 2022-23 respectively. The total income recommended for distribution is the highest on record.”
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Here's how you can check your EPF balance using these four methods:
Using the Umang app
Employees can use the Umang app on their smartphones to check their PF balance. The government has launched the Umang app to provide citizens with easy access to various government services at one place. Users can also submit claims, view their EPF Passbookand track your claims using the app, according to an ET report. Simply enter your phone number and complete a one-time registration to get started.
Through the EPFO portal
To access your PF passbook on the EPFO website, go to the employees section and select “Membership Passbook”. Enter your UAN and password to log in and view your PF passbook. Here, you will find details like opening and ending balances, contributions from you and your employer, any PF transfers and the PF interest accrued. Your EPF Balance is also displayed in the passbook.
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Through missed call
If you are registered on the UAN website, you can check your EPF information by giving a missed call from your registered mobile number to 011-22901406. Make sure your bank account details, Aadhaar and PAN are linked to your UAN. You can ask your employer to link them for you if necessary. This service is free.
If your UAN is registered with EPFO, you can receive information about your latest contribution and PF balance by sending an SMS to 7738299899. Just send the following message: UAN EPFOHO ENG for English. If you prefer to receive the message in Marathi, send EPFOHO UAN MAR. Make sure your bank account, Aadhaar and PAN details are linked with your UAN or update the latest details to get accurate information.