This interest rate has been kept the same as the previous financial year. In February, the Employees’ Provident Fund Organization (EPFO) had announced to retain the interest rate on Employees’ Provident Fund deposits at 8.25 per cent for FY 2025.

This decision was taken by the Central Board of Trustees of EPFO ​​in a meeting in the national capital. The Finance Ministry has now approved the interest rate of 8.25 percent on employees’ PF for the financial year 2025. According to reliable sources, a notification has also been sent to the retirement fund body by the Labor Ministry this week.

The interest rate on EPF for 2024-25 will be credited to the accounts of EPFO ​​members. The EPFO ​​had earlier increased the interest rate on EPF for its 7 crore members from 8.15 per cent in 2022-23 to 8.25 per cent for 2023-24.

Meanwhile, the EPFO ​​added 14.58 lakh net members in March and recorded a growth of 1.15 per cent in net payroll additions as compared to March 2024. The PF organisation enrolled around 7.54 lakh new subscribers in March 2025, showing a growth of 2.03 per cent as compared to February and 0.98 per cent year-on-year as compared to March 2024.

According to the Ministry of Labour, the growth of new subscribers can be attributed to increasing employment opportunities, growing awareness about employee benefits and successful outreach programmes of EPFO. An important aspect of the data is the dominance of the 18-25 age group, as 4.45 lakh new subscribers were added in the 18-25 age group, which is 58.94 per cent of the total new subscribers added in March 2025.

Further, the net payroll addition for the 18-25 age group stood at around 6.68 lakh in March, registering a growth of 6.49 per cent over the previous year in March 2024.

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This rate is for the financial year 2024-25. This will benefit 7 crore EPFO ​​​​members. If you have Rs 2 lakh deposited in your PF account, then you will get an interest of Rs 16,500. Earlier on February 28, the Employees’ Provident Fund Organization (EPFO) had decided to retain the interest rate of 8.25 percent on EPF deposits for the financial year 2024-25.

Last time, the interest on PF was increased to 8.25 percent. Earlier, in 2022-23, PF subscribers were given 8.15 percent interest. This time it has been decided to keep it at 8.25 percent.

What is the interest rate on PF in the last 9 years?

• 8.25 percent in the financial year 2024-25
• 8.25 percent in the financial year 2023-24
• 8.15 percent in the financial year 2022-23 8.10
• percent in the financial year 2021-22
• 8.50 percent in the
• financial year 2020-21 8.50 percent in the financial year 2019-20 8.65 percent
• in the financial year 2018-19
• 8.55 percent in the financial year 2017-18
• 8.65 percent in the financial year 2016-17

How to check PF balance

You can easily check your PF (Provident Fund) balance in any of the following ways-

1. Through the UMANG app

• Register and log in to the Umang app.
• Select EPFO ​​services.
• Select the View Passbook option.
• Enter your UAN number and OTP.
• Your account balance will be shown.

2. From EPFO ​​website

• Visit the EPFO ​​website https://www.epfindia.gov.in .
• Click on Services → For Employees → Member Passbook.
• Login with UAN and password.
• Check your balance in your passbook.

3. Through SMS

you have to send this message from your UAN registered mobile number to 7738299899 – EPFOHO UAN HIN

Let us tell you that HIN stands for Hindi (language code, like ENG – English, TAM – Tamil etc.). In response, you will receive an SMS about your PF balance.

The post EPFO Interest Rate: Govt fixes interest rate on PF, how much will 7 crore customers benefit? Check this way first appeared on Rightsofemployees.com.

Employees’ Provident Fund Organization (EPFO) has approved increasing the interest on PF. After this, now more than 7 crore people are going to get the benefit of increased interest rates. EPFO has approved interest of 8.25 percent for PF account holders. Now crores of PF account holders are waiting for the interest money to be credited to their PF account.

Earlier I was getting this much interest

A day earlier, on Saturday, February 10, a meeting of the Central Board of Trustees of EPFO was held. After the meeting, an official statement said that CBT has approved the interest rate on PF at the rate of 8.25 percent for the financial year 2023-24. Earlier, PF account holders were getting interest at the rate of 8.15 percent in the financial year 2022-23 and 8.10 percent in 2021-22. In this way, now the interest on PF has increased to the highest in 3 years.

Record money is going to be received this time

It was told in the statement that EPFO has earned more this time, hence it has been decided to give the benefit of higher interest to PF account holders. This time EPFO is going to distribute a total of Rs 1.07 lakh crore as interest. This will be the first time that EPFO is going to distribute more than Rs 1 lakh crore to the subscribers.

This is how EPFO earns

EPFO manages the Social Security Fund PF. PF is the biggest social security for people working in the private sector. Currently it has more than 7 crore subscribers across the country. EPFO currently has funds deposited with about Rs 13 lakh crore. EPFO earns money by investing this fund in various places including the stock market and the money earned is returned to the subscribers in the form of interest. Interest money is credited to the subscribers’ accounts twice a year by EPFO.

Now we will have to wait a little

After getting approval from the Central Board of Trustees of EPFO, now PF account holders are waiting for the interest money to be credited. After the approval of CBT, the decision taken on the interest rate awaits the approval of the Finance Ministry. After getting the final approval from the Finance Ministry, the interest rates are notified in the gadget, after which the interest money is sent to the account. This means that people will have to wait a little longer for the interest money.

You can check balance in these ways

Subscribers are informed about this through message alerts. PF account holders can also check their balance and get information about PF interest amount. For this, PF account holders get many options. Account details can be checked by directly logging into the EPFO website. The facility to check balance is also available through Umang App. Apart from these, balance can also be checked through missed call and message.

The post PF Interest Credit: EPFO has given approval, know when the increased interest will be credited to your PF account? first appeared on Rightsofemployees.com.

Employees Provident Fund Organization (EPFO) has finalized the new rate of interest on PF. PF account holders are going to get interest at the rate of 8.25 percent on their PF money for the financial year 2023-24.

Interest on PF has increased so much

News agency PTI has quoted sources as saying that for the financial year 2023-24, PF account holders are going to get higher returns on the money kept in the PF account. Earlier, PF account holders had received interest at the rate of 8.15 percent in the financial year 2022-23 and at the rate of 8.10 percent in 2021-22. This means that for 2023-24, PF account holders are going to get 0.10 percent more interest than the year before.

CBT meeting is being held today

However, the latest interest rate on PF has not been officially announced yet. The Central Board of Trustees of EPFO decides at what rate of interest PF account holders will get for the financial year 2023-24. An important meeting of EPFO’s CBT is being held today, in which a decision is expected to be taken regarding interest on PF. Official information about the interest rate on PF will be given later by the Labor Ministry.

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With this, the employees contributing to EPFO ​​will now be able to get more benefits. The Ministry of Labor and Employment, Government of India, has given the approval of the Central Government under Para 60 (1) of the Employees’ Provident Fund Scheme, 1952, for crediting interest for the year 2022-23 in the account of each member of the EPF scheme.

The Union Labor Minister had recommended that

The Central Board of Trustees of EPFO ​​is headed by the Union Labor and Employment Minister Bhupendra Yadav. Bhupendra Yadav had recommended 8.15% interest rate for the year 2023. He made this recommendation on March 28 for the financial year 2023. Usually, the interest rate is notified by the Finance Ministry in the first quarter of the financial year and the customers were waiting for the FY23 notification. But now after getting the permission from the Finance Ministry, the benefits will be available to the employees soon.

Will benefit from the current interest rate

The 8.15% interest rate for EPF contribution for FY2013 is higher than the lowest level of 8.1% since FY2012. Earlier, the lowest interest rate on EPF deposits was 8% in 1977-78. Employees who have made their contribution to EPF were expecting higher rate of interest on EPFO ​​contribution for a long time. For FY23, EPFO ​​is estimated to earn Rs 90,497.57 crore. EPFO is the largest retirement fund manager in the country with 70.2 million (7.2 crore) contributing members and 0.75 million contributing establishments. Interest credit for FY22 was delayed for subscribers due to software issues as passbooks of subscribers had to be split into taxable and non-taxable contributions. This was due to income tax on EPFO ​​savings income which was implemented on contributions above Rs 2.5 lakh in 2021-22.

The rate of interest has been very high

in the past, the rate of interest that is running at present has been the lowest rate of interest in the last several years. If we look at the interest rates before 2020, it is understandable that the government was giving more benefits to the employees before this. After the arrival of Corona in 2020, it was reduced to 8.1 percent. But if we look at the interest rates before that, it was 8.50% in 2020-21, 2019-20, it has been up to 8.65% in 2018-19. Similarly, from 2013 to 15, it has been up to 8.75%. But after Corona, the government had reduced it considerably.

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Great news related to EPF account is coming for the employed. Soon the Finance Ministry can announce it. For the financial year 2022-23, the interest of Provident Fund can be finalized. A decision on this can be taken by the end of June.

According to sources related to EPFO, a draft has been prepared by the Labor Ministry and sent to the Finance Ministry. Now approval is yet to be received from the Finance Ministry. As soon as approval is received, it will be notified. This process is expected to be completed by July. Let us tell you, the Labor Ministry has fixed 8.15 percent on EPF for the financial year 2022-23.

When will I get the interest money?

Like every year, the Central Board of Trustees (CBT) of EPFO ​​decides the interest for the previous financial year. Usually this meeting takes place in March. In this, considering the earnings of the whole year, it is decided that how much interest should be given. For the last year, it was decided in the meeting held in March 2023.

The board increased the interest rates. After this, it is the job of the Labor Ministry to prepare its draft. The Labor Ministry sends it to the Finance Ministry for approval. It is notified only after the approval of the Finance Ministry. It is expected that soon approval can be received from the Ministry of Finance on the interest for the financial year 2022-23. If everything goes well then by November-December this year it will be credited after completing all the formalities.

How much increased interest on EPF?

If sources in the Labor Ministry are to be believed, the draft has been prepared and sent in May itself. Usually by the end of June, approval is received from the Ministry of Finance. The EPF interest rate has been fixed for the financial year 2022-23. It was increased by 5 basis points as compared to the previous financial year. However, before that it was 8.50 percent. Let us tell you, 12 percent of the basic salary of the employed person is deposited in the EPF account. The same share is also from the side of the employer.

How is it decided how much interest will be received?

The interest rates for the financial year 2022-23 were fixed in the CBT meeting held on 25 and 26 March. Interest rates are decided every year during the board meeting in March. Last year has been very good for EPFO ​​in terms of earnings. Earnings have increased. This was the reason that the interest rates were increased, albeit marginally. Employees Provident Fund Organization invests your money in many places. He gets a return on this. Interest is received on the investment only through this earning.

Where is the money deposited in EPFO ​​put?

Employees’ Provident Fund Organization (EPFO) invests your money deposited in Provident Fund accounts (EPF account) in many places. A part of the earnings from this investment is given to you in the form of interest. EPFO invests 85% of the total deposits in debt options. These include government securities and bonds. There is a total investment of more than Rs 36,000 crore in this. The remaining 15% is invested in ETFs (Nifty & Sensex). PF interest is decided on the basis of earnings from debt and equity.

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Now a new update has come on this. Labor Minister Bhupendra Yadav told CNBC Awaaz that the proposal to increase the interest rates on EPF for the year 2022-23 has been sent to the Finance Ministry. He further told that we are waiting for the green signal from the Ministry of Finance as soon as the approval is done.

If you do a job, then some part of your salary would also go to the Employees Provident Fund Organization (EPFO). 12% of your basic salary and DA goes to EPF and the same amount is also deposited by your company.

The Labor Minister says that 30 crore unorganized sector people have been registered on the e-Labour portal. This has become possible because of Jan Dhan Aadhaar and mobile revolution. In the last 9 years, there was an increase in employment of around 1.25 crore. Ensuring social security for the working class is a priority. Along with giving security to women at the working place, many facilities and benefits were given.

The post EPFO Interest Rate: Big news on PF of job seekers, government will announce soon first appeared on Rightsofemployees.com.

This is how the interest on PF reduced

Currently, EPFO ​​has more than six and a half crore subscribers. At the same time, the rate of interest available on PF is at the lowest level in many decades. EPFO had fixed the rate of interest of PF at 8.1 per cent for 2021-22, which is the lowest rate of interest on PF after 1977-78. Earlier in 2020-21, interest was being received on PF at the rate of 8.5 per cent. There was no change in the rate of interest of PF in the fiscal year 2020-21. Just a year before this, in 2019-20, this interest rate was reduced from 8.65 per cent to 8.5 per cent.

Crores of people will be harmed

Now it is being told that the meeting of EPFO ​​is going to be held on March 25-26, in which a decision can be taken regarding the interest. According to the news published in an English newspaper, the interest on PF can be further reduced to 8 percent. According to the news, Lok Sabha elections are going to be held next year. Before that, assembly elections will also be held in many important states. For this reason, there is no scope to reduce the interest on PF much, but it is possible to reduce it as compared to last year. If this happens, then crores of people working in the private sector are going to suffer a direct loss.

EPFO invests in these places

Let us tell you that Employees Provident Fund Organization ie EPFO ​​invests the amount deposited in the account of PF account holders in many places. A part of the earnings from this investment is returned to the account holders in the form of interest. At present, EPFO ​​invests 85 per cent in debt options, which include government securities and bonds. The remaining 15 per cent is invested in ETFs. PF interest is decided on the basis of earnings from debt and equity.

How to check PF balance (How to check PF Balance):

• Go to the website of EPFO.
• Select ‘For Employees’ from the dropdown of ‘Our Services’.
• Click on Member Passbook.
• Login with the help of UAN number and password.
• Choose the PF account and you will see the balance as soon as you open it.
• To check balance through SMS, send the message ‘EPFOHO UAN ENG’ to 7738299899.
• PF balance can also be checked from Umang app.

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