EPFO's Bumper Return: 8.25% this year?
EPFO has over 7 crore subscribers across the country, and it currently manages funds totaling around Rs 13 lakh crore. The interest earned by EPFO is a result of investments made in various avenues, including the stock market. Subscribers receive interest twice a year, and after the CBT's approval, the decision awaits final approval from the Finance Ministry. Once approved, the interest rates will be officially notified, and the interest money will be credited to the subscribers' accounts.
PF account holders can check their account balance and view information about the interest amount through various methods. This includes logging in directly to the EPFO website, using the Umang App, and checking balance through missed calls and messages. Despite the approval, subscribers are required to wait a bit longer until the final approval from the Finance Ministry is obtained for the interest rates to be credited.