The Employees’ Provident Fund Organisation (EPFO) has announced the crediting of an 8.15% interest rate for the fiscal year. This move will benefit millions of employees who contribute to their provident fund accounts. The EPFO, under the Ministry of Labour & Employment, has assured that this interest will be applicable to all active accounts for the financial year 2022-2023.
Impact on Contributors
For contributors, this signifies a substantial addition to their savings. The interest credited by the government aids in the accumulation of funds for retirement and offers a secure financial future. This decision aligns with the EPFO’s commitment to securing the welfare of employees and their families.
Checking Account Details
To check their provident fund account details, contributors can utilize various methods offered by the EPFO. These include SMS, missed calls, and online facilities. Via SMS, contributors can send ‘EPFOHO UAN ENG’ to 7738299899 from their registered mobile numbers to receive their account details in English. Alternatively, missed call services can be accessed by giving a missed call on 011-22901406 from the registered mobile number. Additionally, the EPFO’s official website provides an online platform for checking account details.
Ensuring Financial Security
This move by the EPFO highlights the government’s commitment to ensuring the financial security of the workforce. By crediting the 8.15% interest rate, the government acknowledges the importance of provident fund savings in securing the future of employees and their families. It’s a testament to the government’s efforts to prioritize financial well-being, especially during festive occasions like Diwali.
Conclusion
The EPFO’s decision to credit an 8.15% interest rate to provident fund accounts stands as a significant step in supporting the financial security of millions of contributors. This move aligns with the organization’s commitment to ensuring the welfare of employees, promoting savings, and securing a stable future for the workforce.
In conclusion, this development underlines the significance of provident fund contributions in securing a financially stable future for employees, marking a positive stride towards ensuring economic stability and security for the working population.
