EPFO Interest Rate: Almost all employees in India have a PF (Provident Fund) account. PF accounts in India are operated by the Employees’ Provident Fund Organization (EPFO). Many people are unaware of the interest accrued to their accounts each year. Learn the full details.
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EPFO Interest Rate: If you are employed and deposit money into an Employees’ Provident Fund (EPF) account for your future, this news is extremely important for you. For working individuals in India, PF is a reliable savings. Small amounts are deposited every month, and over time, this accumulates into a substantial fund. However, many people are unaware of the annual interest rate accrual in their PF account and how to check it from home. The government is also considering increasing the interest rate for the new financial year (2025-26), which could be significant news for millions of employees.
The EPFO has maintained an interest rate of 8.25 percent for the financial year 2024-25. This rate is applicable for the second consecutive year. This interest is added to the amount deposited in the PF account throughout the year at the end of the financial cycle. The next interest rate decision is expected to be made at the EPFO meeting around February 2026.
Conditions for Becoming an EPFO Member
Currently, the upper salary limit for joining the EPFO scheme is ₹15,000. This means that employees with a basic salary of up to ₹15,000 plus DA are compulsorily enrolled in the PF. A change in this limit is being considered to allow more people to benefit from the pension scheme. The change could strengthen the future pensions of many private sector employees.
Learn how PF is deducted from salary
1. 12% of an employee’s basic salary and DA goes into PF.
2. The employer’s 12% contribution is divided into two parts.
3. 8.33% EPS (Pension Scheme)
4. 3.67% EPF (Provident Fund)
A limit has been set for the amount deposited into the pension fund so that the fund remains stable and everyone continues to benefit over the long term.
Check your PF balance from the comfort of your home
Checking your PF account balance is now very easy. You can use several methods.
Missed Call Service
Make a missed call to ‘011-22901406’ from your UAN registered mobile number. You will receive your balance and other details via SMS within seconds.
Balance Check via SMS
Write “EPFOHO UAN ENG” in the message box and send it to 7738299899. You can also receive balance information in your preferred language.
Umang App
Open the Umang app – select the EPFO section – click ‘View Passbook’. Enter your UAN and OTP to view your entire passbook.
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