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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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.

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It has been said in the media reports that this time the interest money will be released soon. It will not be delayed like last year. It is being said that money will start coming from August.

Before transferring money to EPFO ​​account, an official announcement will be made by the Finance Ministry. This time EPFO ​​will transfer money to the accounts of about seven crore account holders. Significantly, in March itself, it was announced to give 8.15 percent interest for the financial year 2022-23. EPFO invests the amount deposited in the PF account holder’s account in many places and pays interest on the earnings from it.

How much is contributed

More than seven crore people will get the benefit of interest. This interest will be given on salary and employer’s contribution. 12% contribution from salary is given in PF account. And the same contribution is given by the employer. If your salary is Rs 25 thousand, then the total contribution to EPF every month by both the company and the employee will be around Rs 3,918. At the same time, your contribution to EPS will be Rs 2,082 every month.

This way you can check balance

If you want to check pf account money then you do not need to go anywhere else. You can check pf account money sitting at home. There are many options available for this. You can know your balance by visiting the official website of EPFO, epfindia.gov.in . Here you can get information about your balance by clicking on e-passbook. However, for this you will need UAN number and password.

Check Money by Missed Call and SMS

You can also check your PF account balance by giving a missed-call on 011-22901406. You have to make missed call from the registered number only. An SMS will be received immediately after the missed call. In this, there will be complete information about PF balance. Apart from this, you can also check the balance through SMS. You can check the balance by sending SMS EPFOHO UAN to 7738299899 from the registered mobile number.

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An ET report quoting people related to the matter said that the government may keep the interest rate on PF deposits around 8 per cent for the financial year 2022-23, which is almost equal to the previous financial year. It has been said that work is being done on the earnings of the Employees’ Provident Fund Organization (EPFO).

CBT meeting within a month

According to reports, the EPFO’s Central Board of Trustees (CBT) is expected to meet at the end of this month or in early March to decide on the interest rate. After this, on the basis of the earnings of 2022-23, it will be recommended by the Finance Investment and Audit Committee.

The interest rate had reached the lowest level in 4 decades for 2021-22. For the financial year 2021-22, the government had approved the lowest interest rate of 8.1 percent on EPF deposits in 4 decades. The 8.1 per cent interest rate on EPF was the lowest since 1977-78. The interest rate of 8.5 per cent on EPF deposits for the financial year 2020-21 was fixed by the Central Board of Trustees in March 2021.

What is CBT

CBT is a tripartite body of EPFO ​​consisting of representatives of Government, Employees and Employers and the decision of CBT is binding on EPFO. It is headed by the Labor Minister.

The post PF Interest Credit: Big news for 6.5 crore account holders! Interest for 2022-23 will be decided soon, how much will be available now? first appeared on Rightsofemployees.com.

PF interest credit for 2021-22 news: EPFO ​​has started transferring interest money to your PF account (Employee Provident Fund – EPF). The Employees’ Provident Fund Organization (EPFO) has started the process of depositing interest for 2021-22 from tomorrow, Monday 31 October. EPFO itself has given this information. Now the credited interest will soon be reflected in the UAN of the beneficiaries or PF account of EPFO.

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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 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 by the end of this month. This year’s interest is at the lowest level in 40 years.

The calculation of interest is quite simple

If you have Rs 10 lakh in your PF account then you will get Rs 81,000 as interest.
If you have Rs 7 lakh in your PF account, you will get Rs 56,700 as interest.
If you have Rs 5 lakh in your PF account, then Rs 40,500 will come as interest.
If you have one lakh rupees in your account, then 8,100 rupees will come.

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 do online balance check, 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 the e-passbook.

3. Balance can also be checked on UMANG App

1. For this, you open your UMANG App (Unified Mobile Application for New-age Governance) and click on EPFO.
2. Now on the other page, click on Employee-centric services.
3. Here you click on ‘View Passbook’. With this, you fill your UAN number and Password (OTP) number.
4. OTP will come on your registered mobile number. After this you can check your PF balance.

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