New Delhi: The fortunes of PF (Provident Fund) employees may soon take a turn for the better. The central government is considering a significant increase in the interest rate. It is expected that the government may increase the interest rate by up to 1.75%.

If the central government implements this increase for the financial years 2025 and 2026, it could prove to be a major boost. A decision on this is expected after Holi. There are indications that the decision might be finalised by March 15th. However, these claims are based on media reports.

How much interest can be expected?

The central government may announce an interest rate of up to 10 per cent for the financial year 2025-2026. This would be a significant benefit, as only 8.25 per cent interest was provided last year. If this happens, it would be a 1.7 per cent increase, the largest increase since the COVID-19 pandemic.

The decision on the interest rate will be taken at the meeting of the Central Board of Trustees. No official statement has been made yet. Approximately 8 crore PF employees will benefit from this interest rate.

How much money will be credited to the account?

If an employee has up to Rs 6 lakh in their PF account, Rs 60,000 will be transferred as interest at a percentage rate. If Rs 5 lakh is deposited, Rs 50,000 will be provided as interest. The interest amount will be calculated based on the total amount in the PF account. You can easily check how much money has been credited to your account.

How to check your PF balance

To check your PF balance, first visit the official EPFO ​​website.

Then click on ‘Our Services’ > ‘For Employees’ > ‘Member Passbook’.

After that, you will need to log in by entering your UAN, password, and captcha.

Then select your Member ID and view your passbook or download the PDF.