PERSONAL FINANCE
The EPF is a retirement savings account for workers and the Employees' Provident Fund Organisation is in charge of it (EPFO).
The Finance Ministry has said that EPFO subscribers would not see a drop in interest rates as a result of the software update being done to account for change in the tax incidence, which has caused a delay in crediting the same for FY22. The Ministry of Finance has assured account holders that there is no need for alarm. You should quickly complete the process of adding a new bank account to your EPF account. To ensure that you never again have to deal with withdrawal issues.
Also, READ: Post Office Senior Citizen Savings A/C Policy can get investors Rs 14 lakh in 5 years, here’s how
For this fiscal year, the government has set an interest rate of 8.1% on EPF deposits. Interest on PF accounts averaged 8.5% in the previous fiscal year.
The Employees' Provident Fund Organization (EPFO) has also made it possible to complete numerous processes digitally. Changing your EPF account's linked bank account is a breeze when you have a universal account number (UAN). When using any EPF-related online service, you'll need to enter your UAN (Universal Account Number). UAN's functionality necessitates this as well.
Here's how you can update your bank account online
Visit the EPF website if you wish to make changes to your bank account information online. Enter your Username and Password (UAN) to log in, then go to the "Manage" menu and choose "KYC" from the list. Next, click the Documents tab. Then, after putting in the account number and IFSC code, I pressed the "Save" button. Send the paperwork in to the potential employer. "KYC waiting for approval" will become "digitally approved KYC" after the employer has been verified. EPFO will confirm the completion of the procedure with a message.
EPF - what is it?
The EPF is a retirement savings account for workers. The Employees' Provident Fund Organisation is in charge of it (EPFO). Every month, both the employee and the firm pay to the EPF system to equal the total remuneration. This represents 12% of the worker's base pay.
How to check PF balance
To begin, load this URL into the browser on your phone or computer: https://passbook.epfindia.gov.in/MemberPassBook/Login. Enter the UAN and password after this. If so, please enter the captcha code. There will be a new page loading now. To proceed, please choose your PF number from the list below. This will bring up your PF account information. If you have a mobile phone and have registered it with EPFO, you may find out your PF balance by leaving a missed call at 011-22901406. EPFO's email will provide information on pension plans.
All set for vote counting in Jharkhand tomorrow; NDA, JMM-led alliances confident of winning
Watch: Australia star inquires Rishabh Pant about his next IPL team, gets 2-word reply
Shah Rukh Khan’s house Mannat was first offered to his industry rival…, but he refused because...
The Visionary Who Promises a Blue Sky for India: Holger Thorsten Schubart’s G20 Climate Speech
The Surge of High-End Living: Luxury Residential Market to Outpace Other Segments
FeFCon 2024 to be Held in Bangalore: A Premier Event on Fever Management
'That’s wild': Noida man turns cigarette butts into teddy bears in viral video, watch
London Airport evacuates passengers over security threat, thousands stranded
The World’s First Innovative Iron Supplement to Combat Iron Deficiency and Anaemia
Meet grandmother who became fashion icon after trying on her granddaughter’s clothes
IND vs AUS: Rishabh Pant joins Virat Kohli, Rohit Sharma in elite WTC list, becomes 3rd Indian to...
'All scripted drama...': Puneet Superstar allegedly assaulted by influencers in viral video, watch
Actress Ana de Armas caught kissing Cuban President Miguel Díaz-Canel’s son in viral photos
Oreshnik's Shadow: Will Russia's hypersonic missile force west to back down?
‘You’re So Beautiful’: World’s tallest woman meets world’s shortest woman over tea, pics go viral
Delhi-NCR Air Pollution: Consequences of GRAP-4 are drastic, may have adverse effects, says SC
Delhi-NCR Air Pollution: Schools likely to stay closed till..., check city-wise update
Maharashtra: 3 killed, 9 hospitalised after gas leak at fertiliser plant in Sangli
THIS farm is selling a cup of coffee for Rs 28000, but there's a twist, it is...
Chhattisgarh: 10 Maoists killed after encounter with security personnel in Sukma
Mukesh Ambani's SUPERHIT plan for Jio users, offers unlimited 5G access for 1 year for just Rs...
IND vs AUS 1st Test: KL Rahul's dismissal sparks DRS controversy in Perth Test
Dense fog, heavy rain predicted in these states till November 25; check here
Oreshnik Hypersonic Missile: Which nations are within its range?
Bihar teacher, principal reach school in drunken state; know what happened next
'I have faced a lot of...': Arjun Kapoor REVEALS his biggest fear amid break up with Malaika Arora
How millions of Indians may get affected due to US indictment of Gautam Adani in bribery case
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan says 'missing someone is okay but...'
After Bibles, watches and sneakers, Donald Trump is now selling autographed guitars, price is...
Delhi pollution: Air quality improves to ‘very poor’ category, AQI at...
Vladimir Putin's BIG threat, warns he could strike UK with new ballistic missile if...
Shillong Teer Results TODAY November 22, 2024 Live Updates: Check winning numbers here
Somebody misbehaved with Alia Bhatt on Highway sets then Imtiaz Ali had to...
Zomato CEO Deepinder Goyal reveals twist behind Rs 200000 job fee, closes application window
Days after Ratan Tata's demise, Tata Group's Rs 131000 crore company inks pact with ADB for...
WATCH: Woman makes Biryani with Parle-G biscuits, viral video fumes internet
Only train in India in which passengers can travel for FREE; check route, timings and more
'Justice for biryani': Parle-G biryani takes internet by storm, video goes viral
DNA TV Show: Why Gautam Adani charged with bribery and fraud in US
IND vs AUS: Records Virat Kohli can break during Border-Gavaskar Trophy
Diljit Dosanjh fans get angry over Ananya Panday's birthday post for her grandmother, here's why