Isn’t the money of interest in your EPFO ​​account even in the account? Know what to do then

Staff provident fund organization

The Employees Provident Fund Organization (EPFO) has started putting 8.25% interest rate in the accounts of account holders for FY 2024-25. However, some account holders may have a little delay in getting interest, so they are advised to check the status online and take necessary steps if needed.

Why is there a delay?

EPFO’s Central Board of Trustees (CBT) fixes the interest rate on the deposits of the last financial year every year, but after the rate is declared, it takes time to insert interest because calculation is done by taking out full details for every account.

Unlike the bank’s fixed deposit, the interest of EPF is made every month, but the account is credited only once a year. You do not harm you due to late updates in the passbook, until you are withdrawing money.

What to do if interest is delayed

If the interest is not updated even after a long wait in your passbook, then do these things.

  • Check KYC details: Check on the EPFO ​​portal whether your Aadhaar, PAN and bank account are correctly linked and verified.
  • Watch passbook online: Check the latest details of your passbook from the EPFO ​​member portal or UMANG app.
  • File a complaint: If there is still a problem, then complain online through EPFIGMS (EPF I-Grievance Management System) portal.
  • Go to EPFO ​​Office: If the problem remains, then take your UAN number and identity card and go to the nearest EPFO ​​office and seek help.

Interest will be updated in the accounts of most account holders in a few days, as the EPFO ​​has started the process of credit. If you are still late in your account, keep an eye on the passbook and take some step only when needed.

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