In fact, this year the Employees’ Provident Fund Organization (EPFO) has given a big relief to crores of employees of the country. Usually, EPF interest is deposited in August or September every year, but this time the interest has been added to the account in early July itself.

This is being considered as another major operational milestone for EPFO. Once you also open your EPF account passbook and check whether the interest on PF has come or not?

Interest received in 2.39 crore accounts?

According to Union Labour Minister Mansukh Mandaviya, for the financial year 2024-25, interest has been credited in 32.39 crore accounts out of 33.56 crore accounts under 13.88 lakh institutions so far. That is, the work has been completed in 99.9% institutions and 96.51% accounts. This is much better than last year, as at that time only 86% of the accounts had received interest till this date.

What is the EPF interest rate?

In January 2025, EPFO ​​announced that the EPF interest rate for 2023-24 will remain at 8.15%. This rate has remained almost constant for the last 5 years. Around Rs 10 lakh crore is invested in EPFO ​​every year and now its total assets (assets under management) have crossed Rs 17 lakh crore. It has become one of the largest pension schemes in the world.

How was the processing so fast this time?

EPFO ​​took several technical and administrative steps to add interest faster this time. UAN, bank and employer records were better linked, which made the process easier. The work was done faster with automation and more staff. Also, manual processing was reduced with automated tools. All employers were given a deadline to update the records by the end of March, which ensured accuracy and timely information. Daily work was being monitored through a live dashboard.

What are the benefits to EPF account holders?

Faster Passbook Update – Now account holders can check their interest faster than ever before.

Financial planning made easy – Getting quick information about interest is useful for tax planning, investing, or taking out a loan.

Increased trust – People’s trust is increasing due to the fast service of EPFO. This is making people’s money safe and the service transparent.

How to check EPF interest?

1. Through the website

Visit epfindia.gov.in.

Click on View Passbook.

Login with UAN and password.

Check the interest information in the passbook.

2. Via mobile app

Download the UMANG app.

Go to EPFO ​​service and view passbook.

3. Through a missed call

Give a missed call to 011-22901406 from your registered mobile.

The balance will be received via SMS.

What to do if interest is not credited to EPF account?

Contact EPFO ​​helpline 1800118005.

Or talk to your company’s HR or payroll department. Sometimes there are delays due to data not being uploaded.

Go to EPFO ​​service and check your passbook.

Via SMS

Give a missed call to 011-22901406 from your registered mobile.

The balance will be received via SMS.

What to do if interest is not credited to your EPF account?

Contact EPFO ​​helpline 1800118005.

Or talk to your company’s HR or payroll department. Sometimes there is a delay due to data not being uploaded.

The post EPFO: Govt has deposited interest money in 32.39 crore accounts of the country, check your account immediately! first appeared on Rightsofemployees.com.

The Employees’ Provident Fund Organization has not yet transferred the interest money (epfo interest 2021-22) to the employees’ accounts for the financial year 2021-22, for which concern has been expressed. Although the interest for the financial year (epfo interest) was approved only in June last year.

Getting 8.1 percent interest

The EPFO’s CBT headed by Union Labor Minister Bhupendra Yadav had approved 8.1 percent interest for 2021-22 in March 2022. Let us tell you that this is the lowest rate in the last four decades.

14.93 lakh new members added in December

EPFO ​​has added 14.93 lakh new members in December 2022 purely. This is two percent more than the same period a year ago. The Ministry of Labor has given this information. According to the data released by EPFO, in December 2022, the number of members has increased by 14.93 lakhs.

The ministry has given information, the ministry has said that if compared with the same month last year, the number of members has increased by 32,635 in December, 2022 as compared to the same month last year. The Labor Ministry has also released the payroll data of the Employees’ State Insurance Corporation (ESIC). It shows that in December 2022, 18.03 lakh new employees are associated with ESIC.

8.02 lakhs came under social security

on an annual basis, it shows that in December 2022, compared to December 2021, the number of employees contributing to the ESI scheme has been 14.52 lakhs more. Out of 14.93 lakh new members added by EPFO ​​in December, 2022, 8.02 lakh have come under this social security for the first time.

How many members are of which age?

Maximum 2.39 lakh newly joined members are in the age group of 18 to 21 years. 2.08 lakh new members have been added in the age group of 22 to 25 years. Of the total new members, 55.64 per cent are in the age group of 18 to 25 years.

The post EPFO Interest Credit: Date Confirm..! Interest money will be deposited on this day, Labor Minister gave information! first appeared on Rightsofemployees.com.