The Employees’ Provident Fund Organisation (EPFO) has credited the 8.25 percent interest rate, for financial year 2024-25, to about 97% of their members’ accounts as of July 8, Union Labour Minister Mansukh Mandaviya said.
Last year, for FY24, the process of crediting the interest to members’ accounts commenced in the month of August and got completed in December.
"The process has now been optimized for faster processing due to which the entire exercise has mostly been completed in June itself," Mandaviya told reporters.
For FY25, the annual account update had to be done for 13.88 lakh establishments having 33.56 crore member accounts out of which till July 8, interest has been credited in 32.39 crore accounts in 13.86 lakh establishments.
"This translates into completion of annual accounts updation for 99.9% of the establishments and 96.51% of the member accounts," said the minister.
It is expected that the annual accounts in respect of such remaining establishments shall also be completed within this week, he added.
Interest is credited into the EPF members’ accounts every year by EPFO after declaration of the interest rate by the central government.
For 2024-25, the Centre had approved crediting 8.25 percent interest for the EPFO members on May 22. Accordingly, preparatory activities were immediately undertaken and annual accounts updation commenced from the night of June 6th, 2025.
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