Everyone is well aware of the importance of money in our life. Everyone must be saving money for their bad times and collecting it, which all of you readers must have seen this. Seeing all this, one more thing must be coming in your mind that can you also do some beneficial work in this field!
So the answer is absolutely yes. Most of you must have seen this or some of you must have done it that when money was given by someone in childhood, then they used to go and store it in an earthen piggy bank. On the same festival and on any special occasion, breaking that piggy bank used to fulfill their needs for the money received from it. Let us tell you that this piggy bank is still in existence today. But the amount deposited in this piggy bank keeps on increasing over time.
PF account
In your lifetime, any of you readers must have heard the name of PF account at one time or another. Perhaps most of you must know about this that what is it after all. But it is our duty to acquaint you with it. PF Account i.e. Project Fund Account, through which you can collect money regularly and get a lot of money from it after the completion of its tenure. If we call PF account as piggy bank then it will not be wrong.
But interest is available on the amount deposited in the PF account, which is different at every level, such as if the person has an account, then the interest rate will be different on it. If the person has a PPF account, then he will get his interest rate. If the person has a GPF account or any other project fund account, then the interest rate will be different for the person in all of them.
Know about EPF account
EPF Account Means Employer Provident Fund Account is provided in our country to those people who work in companies in which the number of employees is more than 20. EPF accounts are provided under EPFO i.e. Employees Provident Fund Organization. Right now, the government has recently put a new seal on the interest rate on the amount deposited in the Employees’ Provident Fund Organization, according to which the EPF for the financial year 2021-22 will attract an interest rate of 8.01%.
Only one UAN number is held for each employee. Which he can use whenever he changes the company. If an employee leaves one company and works in another company, then his PF account number UAN will not change.
In this way merge account online, registered mobile number is required
Let us tell all the readers that one thing has been clarified by the government that soon the interest rates on the amount deposited in the Provident Fund can be transferred to the account of the account holders. When that employee leaves one company and goes to work in another company, then his PF account needs to be merged. So that the PF amount given by the old company can be provided by the new company and not by it.
How to check your PF Account Balance
As we have already told that at what rate interest will be given by the government on the amount deposited in the Employees’ Provident Fund Organization. Today, the interest rate of EPF 8.01% has been fixed for 2021-22. According to government news, it can be assumed that the government can transfer the interest money on the amount deposited in PF at the end of August. When an employee leaves one company and moves to another company, a new PF account is opened through his UAN number. Which is required to be merged with the old PF account.
- To merge it, the account holder first needs to visit the official website of EPFO.
- Here you can proceed with the option of One Employee- One EPF Account by going to Services.
- After that you will be provided the form to merge the EPF account here.
- On this form, the PF account holder will have to enter his mobile number.
- After that UAN and Current Member ID will be required to be entered.
Number required to merge accounts
- As soon as you fill all the details. Similarly, you have to generate more OTP for authentication there.
- OTP will be sent to your registered mobile number.
- As soon as you enter this OTP there, you will see your old PF account.
- After that you have to enter the PF account number here, after that the declaration will have to be simplified.
- After completing all these process you have to submit it.
- In this way your merge request will be accessed successfully.
- After a few days of verification, your PF account will be merged successfully.
