EPF Interest Credit 2024-25: EPFO has started depositing interest money for the financial year 2024-25 in the account. Even if you have not received the SMS, it is possible that money has arrived in the account.
EPF Interest Credit For FY2024-25: Employees Provident Fund Organization (EPFO) has started depositing 8.25% interest in the accounts of members for the financial year 2024-25. If you are an EPF member, now you can easily check your updated balance online through passbook. If the interest is not visible, do not panic, check again after a few days or contact EPFO. Although no official email or SMS has been sent by EPFO yet, but interest has been added to the passbooks of many account holders.
The Finance Ministry had recently approved 8.25% annual interest rate on EPF. This rate was proposed in the meeting of the Central Board of Trustees (CBT) of EPFO in February 2025. Now after getting the green signal from the ministry, the process of interest credit has started. There are about 8 crore EPFO accounts in the country.
How is interest calculated on EPF?
Every month both the employee and the employer contribute to the EPF account. A full 12% of the employee’s basic salary goes directly to the EPF, while the employer’s share is divided into two parts – 8.33% is deposited in the Employees’ Pension Scheme and 3.67% in EPF.
The EPFO calculates interest on this deposit every month, but it is added to the account only at the end of the year i.e. at the end of the financial year. Interest is based on compounding and it applies to the contribution of both the employee and the employer. However, interest is not paid on the pension fund share of the employer. The interest amount usually starts appearing in the passbook between June and August.
How to check whether interest has come or not?
Step 1: First of all go to EPFO website – epfindia.gov.in
Step 2: Click on Our Services > For Employees > Member Passbook
Or go directly – passbook.epfindia.gov.in
Step 3: Login by entering your UAN number, password and captcha
Step 4: After login, all your member IDs will be visible (linked to old and current employer)
Step 5: Click on your existing member ID and view Passbook
In the passbook, you will see employee contribution, employer contribution and interest received on it separately for each financial year. If you want, you can also download this passbook in PDF.
If the member ID of your old company is not merged, then the balance may appear zero there. You can merge it through a transfer request from the EPFO portal.
What to do if interest is not visible in the account?
Sometimes, even after the interest is credited to the account, it is not updated in the passbook immediately. In such a case, you should wait for a few days and check by logging in again. If the interest is still not visible, you can file an online complaint from the EPFO portal or contact the nearest EPFO office.
Important things related to EPF interest
- Interest is charged on the average balance of the entire year.
- Interest is not paid on the employer’s pension fund share.
- If you have withdrawn PF, then interest is paid on the remaining fund till the date of withdrawal.
- If the annual contribution is less than Rs 2.5 lakh, then the interest is tax-free (as per old tax rules).
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