EPF Balance

EPF Interest Rate 8.55% on PF Deposit for 2017-18 EPFO cuts Interest Rate

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EPF Interest Rate 8.55% on PF Deposit for 2017-18 EPFO cuts Interest Rate from 8.65% to 8.55% fro 2017-18. PF Interest Rate cuts to 8.55% for 2017-18 from 8.65% for 2016-17. EPF Interest Rate 8.55% for the financial year 2017-18.
According to an official from labour ministry, Employees’ Provident Fund Organisation (EPFO) is likely to lower interest rate on provident fund deposits for this fiscal from 8.55 per cent provided to its members during 2017-18. EPFO has reduced interest rate on deposits to 8.55% for the financial year 2017-18 from 8.65% for 2016-17.

EPF Interest Rate

It is noteworthy that recently, EPFO approved an accounting policy for valuation and accounting of equity investments which was formulated in consultancy with IIM Bangalore.

EPF Interest Rate 8.55% on PF Deposit for 2017-18

As EPFO is planning to directly credit units of Exchange Trade Funds (ETF) into provident fund accounts which may result in lower yields on other investments more particularly bonds, interest rate cut is likely to happen.

However, the official added that EPFO is yet to work out the income projection for the current fiscal based on which interest rate cut will be decided.

The policy is to enable the EPF body to credit ETFs units into the provident fund accounts of the subscribers by the fiscal end, thereby to enable every account holder to see his/ her provident fund balance in the form of cash balance and ETF units.

Members of EPFO will only be able to realize the entire returns on the equity linked investments at the time of withdrawals even though the dividends on ETFs are credited into the subscribers’ accounts on timely basis.

At the same time, subscribers will also have an option to withdraw money while taking advances from their accounts, by liquidating ETF units or from cash component.

The finance ministry has been pushing the labour ministry to adjust the EPF rate at per with its small saving schemes like public provident fund. In the month of February 2018, the trustees of EPFO had decided to lower the rate of interest on EPF to 8.55 per cent for 2018-19 from 8.65 per cent provided for 2016-17. In case, the TDS rates are changes we will intimate you. Keep visit our website at epfbalance.net for latest information..

  • For more details visit EPF India official website at epfindia.com

How to check EPF Balance EPFO Account Status by Missed Call/ SMS/ Mobile App

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How to know EPF Account Status, How to check EPF Balance EPFO Account Status by Missed Call/ SMS/ Mobile App. Check your PF Balance through SMS.
The Employees’ Provident Fund Organisation has given a facility to the EPF Account Holders for getting the EPF Balance/ EPF Account Status. Some of the EPFO account holders/ employer’s has confused for how to know the EPF Balance/ Status. By using your mobile phone, you can check your EPF Account Balance in three ways..,

  1. Missed Call
  2. Mobile App
  3. SMS

How to know EPF Balance through Missed Call

Now, you can check your EPF Balance time to time by giving a missed call/ SMS/ Mobile Application. And you can also know how much amount you can save in your account. For that, you have to bring a valid UAN number and registered mobile number. By giving a missed call you can easily find out your EPF balance with free of cost. This facility is available for UAN members only.

  • If you have both the UAN number and Registered mobile number then give a missed call to 011 229 01 406 (No Charges, it is completely free).

EPF Balance EPFO Account Status by Missed Call

  • When you giving the missed call, then you will receive an SMS.
  • In that message you will show your PF number, age, name and your EPF Balance.

Check your EPF balance/ EPF Account Status by using the Mobile App

The Employees’ Provident Fund Organisation introduced, mobile application for knowing the EPF Balance/ Status of the employers i.e, UMANG APP. By giving a missed call to this number 9718397183, you can download the UMANG App. These App can also be downloaded from the UMANG official website or from the play store /app stores. If the missed call facility does not work for you, you can check your EPF balance, EPF Passbook by using the EPF Mobile App.

Send an SMS for getting the EPF Balance

To know the EPF Balance through SMS, you have to send an SMS. The SMS is sent in the given format. Follow and type the given SMS format carefully..,
How to Send an SMS :
Type: EPFOHO UAN ENG to 7738299899 (Where ENG means first three characters to English Language. You can also type which language you have to it.

EPF Balance EPFO Account Status

English – ENG
Telugu – TEL
Bengali – BEN
Hindi – HIN
Kannada – KAN
Punjabi – PUN
Gujrati – GUJ
Marathi – MAR
Malayalam – MAL
Tamil – TAM

Note: Before going to check your EPF Balance/ EPF Account Status, you must fulfill the given conditions..,

  • You should have the UAN
  • And your UAN should be activated
  • You should call/ SMS from the same registered mobile number which is given at UAN Portal.
  • Your UAN should have linked your PAN Card/ Aadhaar Number/ Bank Account.
  • UAN have only one mobile number. So, make sure that you have not registered this number before.
  • Also, make sure that you should not change this number.
  • If you have changed your mobile number, you have to update the new mobile number on UAN portal.

UAN Activation & Registration Procedure – Know Your UAN Status

For more details, visit EPFO Official website at epfindia.com