EPFO ALERT: If you ignore the information EPFO sent to 6.5 crore individuals, it would be very costly

 EPFO ALERT: If you ignore the information EPFO sent to 6.5 crore individuals, it would be very costly

EPFO ALERT: If you ignore the information EPFO sent to 6.5 crore individuals, it would be very costly

EPFO published ALERT: This information is for you if you own a PF account. Let us notify you that 6.5 crore individuals have received the relevant information from EPFO. It's also been said that neglecting others might put a lot of strain on you.

If you work for a wage as well, you should take note of this news. Under the PF Account, EPFO has informed 6.5 crore individuals and provided some crucial information. The money that salaried employees deduct is managed by the EPF. It has informed its members about cybercrime as a result.

According to EPFO, several instances of fraud involving PF accounts have surfaced. Through phone calls and mails posing as EPFO (EPFO News), fraudsters are requesting personal information from individuals and turning them into victims of fraud. In such a scenario, EPFO has recommended exercising caution.

What is the amount transferred into the PF account?

For workers' retirement, EPFO deposits the Retirement Fund. Under this, the business and the staff both deposit money. Twelve percent of an employee's base pay is deducted under the EPF account, and the firm deducts the same amount. This monthly deposit earns an annual interest rate of 8.1 percent. The money is given to the workers when they reach retirement age.

Pay attention to these calls and texts.

Be cautious if you get a call or message from EPFO as well, since it may be used fraudulently. Aadhaar card, PAN number, UAN, and password details are not disclosed in the tweets provided by EPFO. doesn't even request personal information, account number, or OTP. In addition, refrains from requesting the sharing of such content on WhatsApp or other social media platforms. advised not to respond to these mails.

EPFO has decreased the interest rate

The interest rate that workers received under their PF accounts was lowered by the workers' Provident Fund Organization from 8.5 percent to 8.1 percent. In forty years, this is the lowest level. The lowest interest rate from 1977 to 1978 was 8%.