If you notice that the interest is not reflected in your EPF passbook, there is no need to worry. The Employees Provident Fund Organization (EPFO) has provided crucial information on this matter to its members.

EPF Passbook Update: A portion of every employed individual’s salary is deposited into the PF account. The EPFO Passbook serves as a vital document for determining the amount in the PF account. It also provides information about the interest earned on the deposited balance in the Employees Provident Fund Organization account. Whenever a withdrawal is made from the account, the passbook is updated accordingly. It is important to note that EPFO operates under the Ministry of Labor and Employment, Government of India, and offers benefits such as deposits in the PF account, pension, and insurance schemes.

How to Check Your EPFO Passbook?

When the government updates the interest amount in the PF account, the same information is automatically updated in the EPF passbook. You can access this passbook through the EPFO members’ website or mobile app. To view the passbook, you will need to enter your Universal Account Number and EPFO password. Once you provide these details, you can access the passbook.

What if the Interest is Not Updated in the EPFO Passbook?

EPFO has addressed concerns from account holders through its official Twitter handle. They clarified that updating the interest in the passbook is a procedural step. EPFO further explained that regardless of the date when the interest is updated in the passbook, it will not have any financial impact on the account holder.

In such cases, at the end of the financial year, the government adds the interest amount to the account. Even if there is a delay in announcing the interest rate, the interest will be calculated from the day when the government made the announcement. Therefore, members will not suffer any financial loss, and there is no need to worry about updating the passbook.