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EPF Passbook: If the interest is not updated in your PF passbook then there is no need to worry. EPFO member has given important information on this matter.
EPF Passbook Update: A part of the salary of every employed person is deposited in the PF account. On the other hand, EPFO Passbook is an important document to find out the amount in the PF account. The information about the interest received on the balance deposited in the Employees Provident Fund Organization account is also through the EPF passbook only. If you withdraw money from the account, then this information is also updated in the passbook. Significantly, EPFO comes under the Ministry of Labor and Employment, Government of India. Through this account, people get the benefit of deposits in PF account, pension and insurance schemes.
How to check EPFO passbook?
It is worth noting that as soon as the government updates the interest amount in the PF account, the same information is updated in the EPF passbook as well. This passbook can be checked through EPFO members website or mobile app. To see this passbook, you will need Universal Account Number and Password (EPFO Password). After filling both these details, you can see this passbook.
What will happen if interest is not updated in EPFO passbook?
Through its official Twitter handle, EPFO has removed the problems of the account holders. EPFO has informed by tweeting that updating interest in passbook is an entry process. EPFO has said that whatever date the interest is updated in the passbook, it will not have any financial impact on the account holder.
In such a situation, after the end of the financial year, the government adds interest money to the account. Along with this, even if there is any kind of delay in giving the interest rate, then this interest will be calculated from the day when the government has announced to give it. In such a situation, there will be no financial loss to the members. In such a situation, they do not need to worry about getting the passbook updated.