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EPFO asks PF members not to do these | Details here

EPFO asks PF members not to do these | Details here

India Today
Tuesday, March 29, 2022 11:14:04 AM UTC

For any services, EPFO never asks to deposit any money through Whatsapp, social media etc.

The Employees Provident Fund Organisation (EPFO) has warned subscribers of the Employees' Provident Fund (EPF) or popularly known as PF, of fraudsters. In a twitter post, EPFO said that it never asks personal details like Aadhaar, PAN, UAN, bank account, OTP over phone, social media, and Whatsapp.

For any services, EPFO never asks to deposit any money through Whatsapp, social media etc. EPFO has asked PF members not to respond to such calls.

#EPFO never asks its members to share their personal details like Aadhaar, PAN, UAN, Bank Account or OTP over phone or on social media.EPFO , , , pic.twitter.com/iQ1LGCklDx

The EPFO, earlier this month, decided to lower the interest rate to a four-decade low of 8.1 per cent for 2021-22. The rate was 8.5 per cent for 2020-21.

Finance Minister Nirmala Sitharaman, however, defended a proposal to cut interest rates paid on employees' provident funds.

Sitharaman cited the comparative prevailing interest rates of other schemes, saying Sukanya Samriddhi Yojana offers 7.6 per cent, Senior Citizen saving scheme (7.4 per cent) and PPF (7.1 per cent), while SBI's 5-10 year fixed deposits attracted 5.50 per cent interest rates.

"With all this, the EPFO has taken a call to give it at 8.1 per cent (interest rate)," she said.

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