The Modi government has transferred interest money to the account of about 32.39 crore people. People were waiting for the interest transfer for a long time. Now this interest has been added to the EPF account of the employees. In fact, this year the Employees Provident Fund Organization (EPFO) has given great relief to crores of employees of the country. Usually, where EPF interest is credited in August or September every year, this time interest has been added to the account in early July itself. It is considered to be another major operational milestone for EPFO. Once you open the passbook of your EPF account and check whether interest comes on PF or not?
How much work was done?
According to Union Labor Minister Mansukh Mandavia, interest has been added to 32.39 crore accounts out of 33.56 crore accounts under 13.88 lakh institutes so far for financial year 2024-25. That is, work has been completed in 99.9% institutions and 96.51% accounts. This is much better than last year, because only 86% of accounts were received by this date at that time.
What is EPF interest rate?
In January 2025, EPFO announced that the EPF interest rate for 2023-24 would be only 8.15%. This rate has been almost stable for the last 5 years. EPFO has an investment of about Rs 10 lakh crore every year and now its total assets under Management have been more than Rs 17 lakh crore. It has become one of the world’s largest pension schemes.
How did the processing become so fast this time?
EPFO took several technical and administrative steps this time to add interest. UAN, banks and employers records were better connected to each other, making the process easier. Work with automation and more staff was rapidly dealt with. Also, manual processing was reduced from automatic tools. By the end of March, all employers were given a deadline to update records, giving information on accuracy and timely. Work was being monitored daily of live dashboard.
What are the benefits of EPF account holders
Passbook update early – Now account holders can see their interest earlier than before.
Financial planning made easy – Finding interest early interest is becoming beneficial for tax planning, investment or taking loan.
Increase in trust – EPFO’s fast service is increasing people’s trust. Due to this, people’s money is getting safe and service transparent.
How to check EPF interest?
1. via website
Go to EPFFIndia.gov.in.
Click on View Passbook.
Login with UAN and password.
See interest information in the passbook.
2. from mobile app
Download the UMANG app.
Go to the EPFO service and see the passbook.
3. Missed call
Give a missed call from registered mobile on 011-22901406.
Balance will be available through SMS
What to do if the EPF account does not get interest?
Contact EPFO Helpline 1800118005.
Or talk to your company’s HR or pay roll department. Many times there is a delay due to non -uploading of data.