EPFO Update – The Central Government has currently refused to propose any increase in the minimum EPS amount in Parliament. However, PF employees may receive good news in the next few days. The Modi government may approve the interest amount for PF employees. The question remains as to how much interest will be paid this time.
This decision may be taken at the meeting of the Central Board of Trustees. The amount of interest paid for the financial years 2025 and 2026 is not yet clear. Following the government’s announcement, the EPFO will transfer the interest amount to the PF employees’ accounts.
How much interest can PF employees receive?
The Central Government may announce an interest rate of up to 9% for the financial years 2025 and 2026. If this happens, it will be an increase of 0.75%. In the previous financial years 2024 and 2025, a total of 8.25% interest was paid. This amount was transferred to the accounts of all employees. The Ministry of Labour and Employment has denied any proposal to increase the minimum pension amount under the EPS.
The Ministry stated that no such proposal is currently under consideration by the government. This has put an end to all speculation. If the 9% interest rate is approved, a substantial amount could be credited to employees’ accounts.
How can you check the interest amount?
Checking your PF balance doesn’t require much effort. You can simply give a missed call to 9966044425 or 011-22901406 from your registered mobile number. The call will automatically disconnect after two rings. You will receive your balance information via SMS shortly thereafter.
Check your balance via SM.S.
PF employees can also check their balance via SMS. You can send an SMS to 7738299899 from your mobile number. You will receive the message EPFOHO UAN (add the first three letters of your language, like EPFOHO UAN HIN for Hindi). You will instantly receive the SMS with your balance and KYC details.