Provident Fund interest credited to all 34 crore accounts on July 15
For the first time, interest for the financial year 2025-26 for the deposits in Provident Fund accounts was credited to all 34 crore accounts in
For the first time, interest for the financial year 2025-26 for the deposits in Provident Fund accounts was credited to all 34 crore accounts in one go on July 15. Union Labour Minister Mansukh Mandaviya had earlier said that after implementing the Centralised IT Enabled Services (CITES) project for updating the database of the Employees Provident Fund Organisation (EPFO), the interest amounting to over ₹1.44 lakh crore would be credited to accounts of 34 crore members on July 15.
The Union Finance Ministry had recently approved the recommendation of the EPFO’s Central Board of Trustees to provide interest at the rate of 8.25%. A senior EPFO official said the credited interest will be visible to all members when they open passbook for 2025-26. Under the new system, the interest would be auto-processed and then verified by field authorities before being credited to member accounts.
“Members will be able to view the interest credit in their passbooks by July 15. Earlier, after the EPF interest rate was declared, it typically
took until October or November for the interest to be credited,” the Minister had said.
The BriefWire