The annual interest accumulation on its retirement fund deposited in EPF accounts has not been a long wait this year. 96.51 percent members (32.39 crore PF account) of Employees Provident Fund Organization (EPFO) have been deposited 8.25 percent annually in their PF account.
According to the Ministry of Labor, 2024-25 has so far deposited an amount of Rs 4000 crore in the EPF account. Whereas the remaining EPF accounts are also likely to deposit the annual interest in the next one week.
Union Labor Minister Mansukh Mandavia gave information
According to the Ministry of Labor, only after this, preparations for depositing interest in the account of its members started and update work of annual accounts started from June 6.
This year, the accounts of 33.56 crore members are to be updated in 13.88 lakh establishments of Union Labor Minister Mansukh Mandavia. Out of these, till July 8, an annual interest has been deposited in the account of 32.39 crore members in 13.86 lakh establishments.
According to Mandavia, the work of depositing the annual interest in the EPF account of 99.9 percent establishments and 96.51 percent members has been completed on the test of the data. At the same time, we are confident that within this week, interest will be completed in the account of the remaining members by completing the annual account updation of the remaining establishments.
PF interest rate deposited five months ago
The annual amount of interest in the account of EPF members has been deposited about five months ago this year. It is to be known that the process of depositing interest amount of 2023-24 last year started in the month of August and by the end of December, it could be deposited in everyone’s EPF account.
According to the Labor Minister, the annual updation work of the accounts was completed in the month of June this year, due to which the process was completed in the month of June, due to which the EPF accounts have been successful in depositing interest five months in advance this time.
How much is PF interest rate
This amount of interest is deposited in the EPF account of its members according to the interest rate declared for the EPFO every year through the Employees Provident Fund Organization Central Government. For the current financial year 2024-25, the Finance Ministry approved the EPFO proposal of 8.25 percent annual interest on 22 May.
Check PF money like this
To check the PF money, you should type EPFOHO UAN from your registered mobile number and send it to 7738299899. Do this, you will get information about PF balance through SMS. Apart from this, you can give missed calls on 01122901406 from your registered mobile number. Apart from this, you can also check PF balance through UMANG APP.