EPFO: Big news for EPFO members. Employees contribute to their EPFO accounts through deductions from their PF as per EPFO regulations. Each PF account is linked to a mobile number, which may need updating if the number changes or becomes inactive. Changing the mobile number associated with your UAN is a simple process that can be done from home. The EPFO has outlined clear steps to follow:

Procedure to update mobile number linked to UAN:

1. Visit the official EPFO website, epfo.gov.in.

2. Choose the “Employee” option and log in.

3. Enter your UAN and password, then complete the login using the OTP sent to your registered mobile number.

4. If needed, select “Forgot Password” if you don’t know your password or your old mobile number is inactive.

5. Fill in your UAN, name, date of birth, gender, the new mobile number, and captcha. Confirm the details.

6. Click on “Get Authorization PIN” for verification.

7. Enter the OTP received on your new mobile number and set a new password. Submit to complete the process.

After this, your new password will be set, and the updated mobile number will be linked to your EPFO account. If you prefer, you can also use the Umang app for this process. EPFO also uses social media to guide employees through these procedures.

The Employees’ Provident Fund Organisation (EPFO) has approved an 8.25% interest rate for the financial year 2026. This interest rate will benefit around 34 crore member accounts, with a total interest amounting to over ₹1.44 lakh crore. The process involved automatic processing followed by verification by field staff before the funds were credited.

This year, the interest was credited earlier than in previous years, when members typically received it around September, October, or even November. The quicker processing was facilitated by a new centralized IT system implemented as part of EPFO’s extensive digital transformation efforts. The interest rate of 8.10% for the financial year 2022 was the lowest since 1977-78 when the EPF interest rate was initially set at 8%. Given this historical context, the current 8.25% rate represents a robust and consistent return, crucial for a government-backed retirement scheme, especially amidst fluctuating fixed deposit rates.