EPFO Update – The Employees’ Provident Fund Organisation may soon open its coffers for PF employees. Speculation is rife that the EPFO may announce interest rates for PF employees. A 9.25% interest rate is expected for the financial years 2025 and 2026. This translates to a 1% increase compared to last year, which will be a significant boon.
This is expected to result in a substantial increase in employees’ accounts. You can understand the full calculations and learn important information related to interest. The amount that will be credited to PF employees’ accounts can be found in the 9.25% figure below. The EPFO has not yet officially announced the interest rates.
How much will PF employees receive?
There’s considerable confusion about how much will be transferred to employees’ Provident Fund accounts. But we’re going to put an end to this confusion. If an employee has Rs 6 lakh in their PF account, approximately Rs 55,000 can be transferred as interest at the rate of 9.25%.
If they have Rs 4 lakh in their PF account, an amount of Rs 36,000 can be transferred. This means that interest will be paid based on the amount. The interest amount is expected to be credited to the account by February, before Holi. The EPFO has not yet commented on this. The Board of Trustees may decide on the interest amount at its next meeting. The interest amount can be easily checked.
How to Check Money
First, visit the EPFO’s official website.
Then click on “For Employees > Member Passbook.”
Then enter your UAN and password and sign in.
After logging in, you can easily check your PF account balance.
Check your PF account balance using the Umang App.
To do this, download the Umang App from the Play Store.
Then open the app and search for “EPFO.”
After this, click on View Passbook.
Enter your UAN number and click on Get Passbook.
You will then receive an OTP on your registered mobile number. Enter it.
You can then easily check the complete details of your PF account.