Employees Provident Fund Organisation or EPFO members, who have Employees Provident Fund (EPF) account or Provident Fund (PF) account had a new year gift from the EPFO as the pension regulatory body announced 8.5 per cent PF interest rate 2020 (for FY 2019-20). However, there is still some EPFO subscribers who are complaining about non-credit of the PF interest in their EPF account. For near 6 crore EPFO members, it s advisable to do EPF balance check online by logging in at the official EPFO portal epfindia.gov.in.
As per the EPFO website - epfindia.gov.in, in an EPF account, an employee contributes 12 per cent of his or her salary towards the EPF account, and an equal amount is contributed by the employer. EPFO is the nodal body of EPF and allows EPFO subscribers to view the EPF passbook balance online through its website. EFPO also provides the EPF balance information via missed call facility and SMS service.