According to the discussions coming out from the corridors of EPFO, this time the Central Government can give good news to the employees in terms of interest rates. There is a possibility of increase in interest rates for the financial year 2025-26, the direct benefit of which will be visible in the form of interest on your deposits.
Will 8.75% interest rate be approved?
At present pf The biggest question in the minds of account holders is how much interest they will get on their deposits this year. If sources and market experts are to be believed, this time the government can increase the interest rates to 8.75 percent (8.75%).
Let us remind you that the Central Government had given 8.2 percent interest for the financial year 2024-25, which has already been credited to the accounts of the employees. Now the expectation of increased rates for the new financial year has increased the enthusiasm of the employees. However, no official announcement has been made by the government yet, but it is believed that a final decision on this can be taken in the month of January.
How to get Rs 52,000?
The possible increase in interest rates will directly impact your pf Will affect the balance. If we understand the figures, then an employee who has around Rs 6 lakh deposited in his PF account can get interest of around Rs 50,000 to Rs 52,000 at the rate of 8.75%. At the same time, if someone has Rs 5 lakh deposited in his account, then he can get up to Rs 42,000 as interest.
This amount will be directly added to your retirement fund, which will increase your accumulated capital rapidly. About 8 crore PF account holders of the country are eagerly waiting for this decision. This proposal is likely to be discussed in the upcoming meeting of the Central Board of Trustees (CBT) of EPFO, only after which the interest rates will be approved.
Check your balance like this
You can know your balance by just giving a ‘missed call’ to 9966044425 from your registered mobile number. As soon as you call, you will get information about PF balance and last contribution through SMS within some time.
Apart from this, you can also check balance through SMS. For this, send a message to 7738299899 from your registered mobile number. Write in the message box – “EPFOHO UAN” (write this in English). After this you will get information in your favorite language (like Hindi, Tamil, Telugu etc.).
Also read- How much pension will I get from EPFO, this is the complete calculation and formula.