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EPF interest for FY 2023-24: When will it be credited and how can you check EPF stability? | Business

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The Employees’ Provident Fund Organisation (EPFO) units the interest price for provident fund deposits yearly. In February 2024, the EPFO introduced an interest price of 8.25% for the monetary 12 months 2023-24, up from 8.15% for the earlier 12 months. This has led to many EPF members asking, “When will EPF interest for FY 2023-24 be credited to accounts?”

When will EPF interest for FY 2023-24 be credited?

The EPFO, in response to a question on social media platform X (previously generally known as Twitter), acknowledged that the method is ongoing, and the interest credit score will be mirrored quickly.They added that when the interest is credited, it will be accomplished in full, making certain that no member loses any accrued interest.

EPF interest standing for FY 2022-23

According to ET, the EPFO credited interest for the monetary 12 months 2022-23 to twenty-eight.17 crore members’ accounts by March 2024.
In a social media submit, EPFO acknowledged, “Dear member, the interest for Financial Year 2022-23 has been provided to 28.17 crore members accounts of EPFO as on date. Members may please check their EPF passbook.”
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How to check EPF stability

EPF members can use any of the next 4 strategies to check their account stability:
UMANG app

  1. Download and set up the UMANG app.
  2. Register utilizing your cellular quantity.
  3. Select “EPFO” from the obtainable choices.
  4. Click on “View Passbook.”
  5. Enter your Universal Account Number (UAN) and request an OTP.
  6. Enter the OTP and click on “Login” to view your passbook and stability.

EPFO portal

  1. Visit the EPFO web site and go to the “Employee” part.
  2. Click on “Member Passbook.”
  3. Enter your UAN and password to entry your passbook and check your stability.

Missed name

  1. Registered UAN holders can give a missed name to 011-22901406.
  2. You will obtain an SMS along with your newest EPF stability.

SMS

  1. Send “EPFOHO UAN ENG” to 7738299899 to get your EPF stability by way of SMS.
  2. For different languages, change “ENG” with the primary three letters of the language (e.g., “MAR” for Marathi).


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