EPFO Interest Update: The Employees Provident Fund Organisation (EPFO ) may soon give good news to its employees. In fact, discussions have begun on increasing the interest rate for the next financial year 2025-26. It is believed that this time the government may give up to 9% interest to PF employees. Currently, 8.25% interest was given in 2024-25, hence this increase will be of 0.75%. If the proposal is passed, then around 7 to 7.5 crore EPF employees will get direct benefit from it. However, no official announcement has been made regarding the interest rate yet. The decision can be taken in the meeting of the Trustee Board.
Who will get how much benefit?
If the interest rate is fixed at 9% then there will be a huge increase in the amount of employees.
If Rs 5 lakh is deposited in the PF account, interest of approximately Rs 45,000 will be received.
You can get up to Rs 36,000 on depositing Rs 4 lakh.
A person depositing Rs 3 lakh will get Rs 27,000 annually.
According to media reports, this proposal could be approved in February. If this happens, additional funds will be transferred directly to employees’ accounts. This will provide financial relief to millions of employed people.
How to check PF balance on EPFO portal?
Step-1: UAN member should visit EPFO portal.
Step-2: Enter UAN number and password here.
Step-3: Then do mobile OTP verification.
Step-4: After login, go to Passbook Lite and download it and you will see the PF balance here.
How to check EPF passbook through Umang app?
Step 1: Download the UMANG App and log in.
Step 2: Type EPFO in the search box.
Step 3: Click on View Passbook.
Step 4: Enter your UAN number.
Step 5: Submit the OTP
. Step 6: Select your Member ID and download your passbook. The full PF balance will be displayed as soon as the passbook opens.