EPFO interest calculation
If you are also employed and your provident fund is also deducted, then soon you are going to get great news. Actually, the government is going to increase the interest rates of Provident Fund for the financial year 2025-26. It is believed that this time the government can increase the interest rates on PF to 8.75%. 8 crore PF account holders can directly benefit from this increase.
At present the interest available on provident fund is 8.25%. This is for the financial year 2024-25. This time it can be increased to 8.75 percent. Meaning a direct increase of 50 basis points. If this increase happens then let us tell you how much benefit you will get from interest rates.
Good news coming soon
The government credits the interest received on your PF to your account every year. This time it is expected that the government can soon credit the interest of the entire year to your account. It is believed that a final decision on this can be taken in the month of January. The increase in interest rates has a direct impact on your provident fund. This means that a huge lump sum amount comes to your account. Now suppose you have Rs 5 lakh in your account, then you will get a direct benefit of around Rs 40 to 42000 in the form of interest rate.
When will it be implemented?
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. Actually this matter will be approved in the meeting. To know how much the interest rates will increase and how much benefit you will get, we had an exclusive conversation with the experts of TV 9. In which the expert told how much benefit you will get. To know complete details you can watch the video given below. In this video, every aspect of PF has been explained in detail.