EPFO Update: The central government may make a major announcement for PF employees. However, this announcement is likely to be made after Holi. The central government may announce interest rates for the financial years 2025 and 2026. This time, interest rates may increase by 0.10 percent compared to last year.
If this happens, an interest rate of up to 8.35 percent could be approved. This interest amount will be transferred from the employees’ total funds. This announcement is expected at the Central Board of Trustees meeting after Holi. However, no official date has been announced yet.
When could the announcement be made?
The second week of March could prove to be a boon for PF employees. March is considered the last month of the financial year. The central government is considering announcing interest rates for the financial years 2025 and 2026 by mid-March. 8.35 percent interest is likely to be provided to PF employees.
In the last financial year, a total interest rate of 8.25 percent was approved for PF employees. Approximately 8 crore PF employees will benefit from this. The interest amount will be transferred based on the total fund. PF employees can easily check the interest amount.
How much money can be deposited into their accounts?
If the Central Government approves an interest rate of 8.35 percent for this financial year, a substantial amount will be transferred into their accounts. This will benefit all EPF members. If an employee has ₹400,000 deposited in their PF account, they can receive up to ₹35,000 at 8.35 percent interest rate.
Furthermore, if a PF member has ₹5 lakh in their account, they can receive interest of up to ₹43,000. If this announcement was made in the Central Board of Trustees meeting by mid-March, the money can be transferred to their accounts by June.
How to check PF money?
PF employees can first access the EPFO portal.
Then go to https://passbook.epfindia.gov.in/.
Then log in by entering your UAN number, password, and captcha code.
After this, you can check your balance by clicking on ‘Member Passbook’.
SMS Service
For this, you must first send a message from your registered mobile number to 7738299899 by typing EPFOHO UAN ENG. The PF balance information will be displayed shortly thereafter.
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vipin kumar
Vipin Kumar is An experienced journalist with 8 years in the media industry, having worked with prominent news platforms including Dainik Jagran and News24. Currently serving at Timesbull.com for almost four years, dedicated to delivering truthful, transparent, and people-centric news that informs and empowers readers. Committed to transparent, ethical, and...
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