If you also work in an organized sector, then there is a great news for you. Because before Diwali, interest money is going to come in your account. According to a latest information, till October 21, interest money will be deposited in the account of about 7 crore PF account holders of the country according to their deposits.
Let us tell you that this time the PF Department is giving the lowest interest to the account holders. In the last financial year, EPO had given interest amount to the account holders at the rate of 8.5 percent. But this time this interest will come only at the rate of 8.1 percent. Let us know how the PF department calculates the interest and what is the way to see the status.
Actually, every year between August and September, the Provident Fund Organization transfers interest money to the account of its account holders. This time the account holders have to wait to put the interest money. Along with this, the possibility of getting the interest money at a lower interest rate is also being expressed this time.
It is being told that this time only 8.1 percent interest rate will be calculated. According to media reports, the EPFO department is planning to transfer money even before Diwali. However, the date on which the money will be deposited in the accounts has not been announced yet.
This is how interest is calculated: If you have 1 lakh rupees in your account, then a total of 8100 rupees will be transferred to your account. Also, if you have 5 lakh rupees in your account, then you will get a total of 40500 rupees as interest money. On the other hand, if someone has 10 lakh rupees in his account, then a total interest of Rs 81000 will come. On depositing Rs 7 lakh, a total interest of Rs 56700 will be available.
To know the interest status, you have to make a missed call on 011-22901406 from your registered mobile number. At the same time, you can go to Google and check the status of your account with the UAN number. Apart from this, you can also get information about how much interest money came through Umang app.