The EPFO has already started crediting the amount into the PF account of subscribers.
New Delhi: The Narendra Modi government has given a big bonanza to around six crore EPF subscribers who have been eagerly waiting for the crediting of interest for 2019-20 in their employees’ provident fund (EPF) accounts.
The EPFO has already started crediting the amount into the PF account of subscribers.
Labour and Employment minister Santosh Gangwar, announcing the decision on Thursday (December 31) had said that PF subscribers will start receivig 8.5 percent interest on their PF amount from December 31 onwards.
“I am happy to inform you that a notification has been issued & for year 2019-2020, our over 6 crore subscribers will receive 8.5 percent interest on PF amount. We have made such arrangements that you’ll start receiving these benefits from today,” Union Minister Santosh Gangwar said yesterday.
He added, “We know that circumstances in 2020 weren’t favourable for us. People were surprised when in 2020 beginning, we had said that we’ll try to give 8.5 percent interest on Provident Fund amount for year 2019-2020. Today, I am here to fulfill that promise.”
EPFO subscribers can check their PF Balance from the comfort of home using four different ways –check PF balance using SMS, online, missed call and UMANG App.
