Many provident fund account holders are going to get an additional payment as part of annual interest credit on PF balance from the Employees’ Provident Fund Organization (EPFO). Under the recent EPFO decision, a bonus or additional amount of around ₹46,000 can be added to your PF account, depending on your deposited money and account balance.
Here’s what you need to know to understand and check whether you are eligible for this payment.
What is this bonus of Rs 46 thousand?
This amount represents the interest credit being given to EPFO members for the most recent financial year. Every year, EPFO announces the interest rate applicable on provident fund deposits. Based on that rate, interest is earned on the accumulated PF balance. In good years, this interest amount can be quite large – for many contributors, it can amount to around ₹46,000 or more in additional savings deposited in their PF account. Whether you will get this entire amount or not depends on your individual PF balance and the rate declared by EPFO for that particular year.
Who are eligible for this?
Most of the current and past contributors to the EPF scheme are eligible for this interest credit, which includes…
- Those employees who are actively contributing to PF through their salary.
- Those people who have left their job but have not withdrawn their PF balance.
- Members with inactive PF accounts (unless they have withdrawn their money completely).
- Interest continues to accrue on the PF amount until the member reaches retirement age or chooses to withdraw the entire balance.
How to check your PF interest?
EPFO has made it easier for members to view their PF contributions and interest credits online. You can check your account balance by:
- Visit EPFO Member Portal – Use the official EPFO website.
- Log in using your UAN (Universal Account Number) and password.
- After logging in, go to the passbook or balance section.
- You will see your accumulated PF balance along with recent interest credit.
- This passbook will show both your contributions and the interest added for the financial year.
important advice
- Make sure your UAN is active and linked to your Aadhaar to check the balance.
- If you have changed jobs, you should transfer or link your previous PF accounts to avoid loss of interest.
- Members nearing retirement should check their balance regularly to plan withdrawals and tax implications.
EPFO’s annual interest credit can significantly boost your retirement savings. With the recent interest rates, many members may see around ₹46,000 being added to their PF every year. By logging in to the EPFO portal with your UAN, you can check your eligibility and see how much interest has been credited to your account.