PF Interest Rate: Many schemes are being run by the government for the citizens of the country. Many of these schemes are also for the welfare of poor people, then many schemes are also for farmers. Apart from this, many savings schemes are being run by the government for the employed people. They also have a scheme PF. Through PF, the government makes a habit of saving jobbers. At the same time, PF account holders can use this savings in retarment.
There is so much interest
Any employee contributing to EPF can check their account balance using various methods. They do not need to wait for the employer to share the employee provident fund ( EPF) detail at the end of the year to find out the balance. At the same time, 8.1 per cent interest is being paid on this scheme for 2021-22.
This much has to be contributed
Every month under this scheme, the employee contributes 12% of his basic income to the PF account and the employer has to contribute the same. However, employees can contribute more through the Voluntary Provident Fund ( VPF). The interest rate on VPF and EPF is the same. At the same time, whether the balance check in the PF account or interest has come, it can also be checked online.
Check with EPFO portal EPF Balance
EPF balance can also be checked in passbook. Can be visited on EPFO portal to PF Balance Check. Login by visiting EPFO portal. After this, click on ‘Member Passbook’ there. Any PF transfer can be seen along with the amount of PF interest earned here.