The Employees Provident Fund Organisation has started crediting interest for the financial year 2024-25 to the accounts of its members. Many people received the interest amount in their PF account. No official email or SMS has been sent by the EPFO so far.
For FY 2024-25, the Finance Ministry ratified an 8.25% interest rate on EPF. The Central Board of Trustees of EPFO, earlier in February 2025, proposed this rate. The EPFO is crediting the interest amount to EPF accounts of members. This comes after the Finance Ministry's approval. According to official data, there are around 8 crore EPFO accounts in the country.
An employee's 12% sick pay contribution goes towards the provident fund deposit. The employer's share is divided into two parts- 3.67% goes towards EPF and 8.33% goes towards the employees' pension scheme. After the completion of the financial year, the EPFO calculates interest on this contribution every month, but the interest is credited to the account only at the end of the year, i.e. This interest is on a compounding basis and is paid on both the employee and employer portions (except for some exceptions such as interest is not paid on the employer’s pension fund portion).
To check whether the EPF interest has come or not:
Step 1: Visit the EPFO website – https://www.epfindia.gov.in
Step 2: Click on ‘Our Services > For Employees > Member Passbook’
Alternatively, you can also visit this link directly using – https://passbook.epfindia.gov.in
Step 3: Login by entering UAN number, password and captcha
Step 4: After logging in, all your member IDs (linked to old and current employers) will be visible
Step 5: Click on your current member ID and view ‘Passbook’
One important thing to note is that if the member ID of the old company is not merged, then the balance may appear zero there. One can merge it through a transfer request from the EPFO portal.
If the interest is not visible, then one needs to wait for a few days and check by logging in. If the interest is not updated even after this, one can file an online complaint with EPFO or contact the nearest EPFO office.
EPF Interest concerns: Interest is charged on the average balance of the year; Interest is not paid on the employer’s pension fund share.
If one has withdrawn PF, interest is paid on the remaining funds (till the date of withdrawal)
Interest is tax-free if the annual contribution is less than Rs 2.5 lakh (as per old tax rules).
