The government recently approved an interest rate of 8.25% for EPF. This is in line with the recommendation made by the EPFO ​​​​board in February 2025. After getting government approval, now EPFO ​​​​is depositing annual interest in the PF accounts of more than 7 crore account holders across the country.

How to check interest credit in EPF passbook?

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Now employees will be able to withdraw up to Rs 5 lakh in three days without any human intervention. This facility will apply to needs like education, marriage, illness and housing. In the financial year 2024-25, EPFO ​​has settled a record 2.34 crore claims, proving the transparency and effectiveness of the digital process.

There is great news for crores of employees of the country. Now the members of the Employees Provident Fund Organization (EPFO) will be able to automatically withdraw an advance amount of up to Rs 5 lakh from their PF accounts. Labor and Employment Minister Mansukh Mandaviya announced this new facility on Tuesday, which will provide great relief in times of urgent needs.

Limit increased from 1 lakh to 5 lakh

Till now, automatic settlement of advance withdrawal up to Rs 1 lakh was possible by EPFO, but the government has increased it to Rs 5 lakh. This means that now this amount will be able to reach the employees’ accounts within three days without any human intervention.

In which cases is advance withdrawal available?

EPFO first started this facility during the COVID-19 pandemic. Under this, employees can withdraw advance amount for needs like illness, education, marriage and housing. This entire process is automated by the system, which ensures both transparency and speed.

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Automatic settlement increased to record level

According to Union Minister Mansukh Mandaviya, in the financial year 2024-25, EPFO ​​automatically settled 2.34 crore advance claims, whereas in 2013-14 this figure was only 89.52 lakh. This shows an increase of 161%. The share of automatically settled claims was 31% in the financial year 2023-24, which has now increased to 59%.

76 lakh claims settled in the first two and a half months of 2024-25

At the beginning of the current financial year itself, EPFO ​​has automatically settled 76.52 lakh claims. This clearly shows that the employees are getting full benefit of the new system and the process has become much faster and reliable.

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Partial Withdrawal: If you are employed and you have a good balance in the Employees Provident Fund Organization (EPFO), then you can withdraw some part of it if needed. EPFO ​​​​allows partial withdrawal in cases like buying a house, marriage, illness or children’s education. For this, you have to fulfill some conditions and go through an online process. Let us know how to make partial withdrawal from PF and what things are important to keep in mind for this.

When can I make partial withdrawal?

EPFO members can withdraw money from PF under several circumstances. These include situations like buying a house, illness, marriage, children’s education, factory closure etc. Apart from this, partial withdrawal can also be made for investment in Senior Citizen Pension Insurance Scheme after the age of 54 or one year before retirement after the age of 55.

Conditions required for partial withdrawal

• Your UAN (Universal Account Number) should be active and the mobile number linked to it should be active.
• Your Aadhaar card should be linked with EPFO ​​database and OTP verification should be possible.
• Bank account and IFSC code should be linked with EPFO.
• If the tenure of job is less than 5 years then PAN card should also be linked.
• Date of joining should be present in the EPFO ​​records.

Process of online application

For partial withdrawal from EPFO, first you have to go to the EPFO ​​website and login with your UAN and password. After this, you have to check your KYC and service details to ensure that all the information is correct and complete. After login, go to the claim option and select Form 31, which is for partial withdrawal. In the last step, verification has to be done with the OTP received on the mobile number linked to UIDAI and then the claim has to be submitted.

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According to the circular issued by EPFO, in some special cases, if you have to change your job, then you will not have to fill any form to transfer PF account from your old or new company. This work will be completely automatic.

12% cut on basic salary

Let us tell you that till now, approval from the employer is necessary to transfer the PF account. Let us tell you that 12 percent of the basic salary of people working in the private sector is deducted for the EPF account. The same amount is deposited by the company in the PF account of the employee. Out of the money deposited by the employer, 8.33% is deposited in EPS (pension), the remaining 3.67% is deposited in EPF.

Crores of subscribers will benefit

Crores of subscribers will benefit from the changes made by EPFO ​​for account transfer. According to the circular issued by EPFO ​​on January 15, there will be no need to apply online from the old or new company to transfer the PF account. Now subscribers can themselves claim to transfer their account. Let us tell you which subscribers will benefit from EPFO’s circular?

• Transfer within UAN issued on or after 01/10/2017. If the same UAN is linked to multiple member IDs and linked to Aadhaar.
• Transfer between different UANs, both issued on or after 01/10/2017. If an employee has multiple UANs linked to the same Aadhaar, the system considers them as a single individual, allowing seamless transfer without any interference from the employer.
• Transfer within same UAN (UAN issued before 01/10/2017) For old UANs, PF transfer works only if the UAN is linked to Aadhaar and the name, date of birth (DOB) etc. details in the member ID match.
• Transfer between different UANs: Transfer between multiple UANs (one old) is allowed if both UANs are linked to the same Aadhaar and personal details (name, DOB, gender) match.

How to link UAN with Aadhaar

• First of all go to the e-service website and log in to your EPF account using UAN login credentials.
•  Now click on the KYC option under the ‘Manage’ menu.
• Select Aadhaar and enter your Aadhaar details.
•  Now click on the save option.
• Your Aadhaar will be validated using UIDAI data.
• Now after the completion of KYC, Aadhaar will be linked to the EPF account.

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If needed, you can also use the amount present in your PF account, for this you get the facility of online claim from the Employees Provident Fund Organization i.e. EPFO. After making an online claim, the claim money reaches your PF account linked bank account within 7 to 10 days.

But now EPFO ​​is going to start a new facility for PF account holders under which you will be able to use online claim very soon through e-wallet. How can you withdraw PF money from e-wallet, what will be the limit for this, let us tell you.

Money will be withdrawn from e-wallet

The government is now planning to start a new facility for the beneficiaries of the Employees’ Provident Fund Organization (EPFO) and Employees’ State Insurance Corporation (ESIC). In fact, to make the withdrawal process easier for PF account holders, the Government of India is now thinking of starting the facility of e-wallet. Talking about this, Labor Secretary of the Government of India, Sumita Dawra, said that discussions have started with banks and RBI for this.

And soon a plan will be prepared for this scheme. At present, PF account holders have to make an online claim to withdraw money. After which the money reaches the bank account within 7 to 10 days. Apart from this, the government is also preparing to provide the facility of withdrawing money from PF account from ATM from next year.

What will be the withdrawal limit?

After the introduction of the e-wallet facility, the PF claim money of any Employee Provident Fund Organization and Employee State Insurance Corporation beneficiaries will be directly transferred to their e-wallet. However, how will this facility work? Whether a separate option will be provided for this on the EPFO ​​site or PF accounts will be linked to the bank’s e-wallet, information about this has not been revealed yet. At the same time, it is also not clear at present how much limit can be withdrawn from PF accounts through e-wallet.

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Under which recently the Minister of State for Labor and Employment, Rameshwar Teli has said in the House not to make any change in the interest rate on Employees’ Provident Fund (EPF) deposits for the financial year 2021-2022. Since then, it is being expected that a big decision can be taken.

Center made a big announcement

Actually, let us tell you that during the proceedings, Rameshwar Teli was asked in the House whether the government can consider increasing the rate of interest on the Employees’ Provident Fund deposits? Giving a written reply to this, he clarified that there is no proposal to reconsider the interest rate. That is, there will be no change in the interest rate on the PF account.

Higher interest than small savings schemes

Responding to this whole matter, Minister of State for Labor and Employment, Rameshwar Teli said that the interest rate of EPF is similar to other comparable schemes like General Provident Fund (7.10 percent), Senior Citizen Savings Scheme (7.40 percent) and Sukanya Samriddhi Account Scheme (7.60 percent).

More than has already been placed. That is, according to Rameshwar Teli, the interest on PF from small savings schemes itself is high, so no consideration will be given to the interest rate hike. Let us inform here that the interest rate on EPF is being given at the rate of 8.10 percent, which will remain the same.

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Great news is coming for 7 crore subscribers of Employees’ Provident Fund Organization ie EPFO. The government is soon going to transfer the interest for the financial year 2022 to the account of EPFO ​​account holders.

Let us tell you that this time interest will be available at the rate of 8.1 percent. According to the information received so far, the Employees’ Provident Fund Organization has calculated the interest received in the PF account in the financial year 2022. Soon it will be transferred to the account of the account holders. This time a total of Rs 72,000 crore deposited in the account of the government will be sent to the account of the employed.

When will the money be transferred?

It is worth noting that last year people had to wait for 6 to 8 months for interest. But, last year due to Kovid, the atmosphere was different. This year the government will not delay. According to media reports, interest money can be transferred to the account till July 15. This year’s interest is at the lowest level in 40 years.

1. Know Balance from Missed Call

To check your PF money, you have to give a missed call on 011-22901406 from your registered mobile number. After this, you will get the details of PF through the message of EPFO. Here also it is necessary to have your UAN, PAN and Aadhaar linked.

2. Check Balance Online

1. To check balance online, you have to log on to the EPFO ​​website, click on e-passbook at epfindia.gov.in.
2. Now on clicking on your e-passbook, a new page will come to passbook.epfindia.gov.in.
3. Now here you fill your username (UAN number), password and captcha
4. After filling all the details, you will come to a new page and here you will have to select the member ID.
5. Here you will get your EPF balance on e-passbook.

The post PF interest Update : EPFO will credit 8.1 percent interest 2022 to PF accounts, check your pf balance first appeared on Rightsofemployees.com.

Great news is coming for 7 crore subscribers of Employees’ Provident Fund Organization ie EPFO. The government is soon going to transfer the interest for the financial year 2022 to the account of EPFO ​​account holders.

Let us tell you that this time interest will be available at the rate of 8.1 percent. According to the information received so far, the Employees’ Provident Fund Organization has calculated the interest received in the PF account in the financial year 2022. Soon it will be transferred to the account of the account holders. This time a total of Rs 72,000 crore deposited in the account of the government will be sent to the account of the employed.

When will the money be transferred?

It is worth noting that last year people had to wait for 6 to 8 months for interest. But, last year due to Kovid, the atmosphere was different. This year the government will not delay. According to media reports, interest money can be transferred to the account till July 15. This year’s interest is at the lowest level in 40 years.

1. Know Balance from Missed Call

To check your PF money, you have to give a missed call on 011-22901406 from your registered mobile number. After this, you will get the details of PF through the message of EPFO. Here also it is necessary to have your UAN, PAN and Aadhaar linked.

2. Check Balance Online

1. To check balance online, you have to log on to the EPFO ​​website, click on e-passbook at epfindia.gov.in.
2. Now on clicking on your e-passbook, a new page will come to passbook.epfindia.gov.in.
3. Now here you fill your username (UAN number), password and captcha
4. After filling all the details, you will come to a new page and here you will have to select the member ID.
5. Here you will get your EPF balance on e-passbook.

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