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EPFO to soon credit interest to PF accounts. Check details

The Employees’ Provident Fund Organisation (EPFO) will soon credit interest to the PF accounts. Here is everything you need to know. ....

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EPFO: 12.54 lakh net new subscribers added in December

EPFO: 12.54 lakh net new subscribers added in December
EPFO started crediting 8.5% interest for 2019-2020 to around six crore EPF subscribers in December
(MINT PRINT)Premium
The net new enrolments with EPFO increased 24% year-on-year in December, the data showed
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Net employment generation in the formal sector stood at 12.54 lakh in December according to the latest Employees Provident Fund Organisation (EPFO) payroll data. The net new enrolments with EPFO increased 24% year-on-year in December, the data showed.
The provisional payroll data of Employees Provident Fund Organisation (EPFO) highlights a positive trend for net subscribers base growth with addition of 12.54 lakh subscribers in December, 2020, the labour ministry said in a statement. The data also highlighted a jump of 44% in net subscribers addition over the previous month of November, 2020. ....

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EPFO (Employees' Provident Fund) Is Crediting 8.5% Interest Rate In Accounts; Here's How To Check PF Balance Online

EPFO started crediting 8.5 per cent interest on EPF for 2019-20 for its over six crore members.
Provident Fund (PF) Balance: Recently, retirement fund body Employees Provident Fund Organisation (EPFO) announced that it has started crediting 8.5 per cent rate of interest on employees provident fund (EPF) for 2019-20 for its over six crore members. Now account holders can see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20. According to the EPF website - epfindia.gov.in, in an EPF account, an employee contributes 12 per cent of his or her salary towards the account, and an equal amount is contributed by the employer. EPFO is the nodal body of EPF and allows subscribers to view the EPF passbook online through its website. EFPO also provides the balance information via missed call facility and SMS service. ( ....

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