EPF interest rate 2025: If you work and PF is deducted from your salary every month, then this news is for you only. Most people just know that this amount will be available on retirement, but the real game is the interest rate. With this interest your money grows faster. Now the buzz is that this time the Central Government can give great news to the employees on interest rates. This thing is increasing the curiosity of crores of account holders. Discussions related to EPFO suggest that increasing the interest rate on PF for the financial year 2025-26 is being considered. If this decision is taken then employees will get more interest on their deposited money than before. Right now the biggest question in the minds of PF holders is what percentage of interest will come to their account this time. Sources and market experts believe that the government can increase it to about 8.75 percent.
Let us tell you that for the financial year 2024-25, the Central Government had fixed the interest rate at 8.2 percent, which has also been credited to the accounts of the employees. Even at that time it was considered a good return, but now when there is talk of the new rate going up to 8.75 percent, the enthusiasm of the employees has increased even more. Although no official announcement has been made by the government yet, it is believed that the final decision can be taken in January.
What if the interest rate increases?
Two things can happen here. Either the interest rates can be increased, or possibly the interest rate can be kept the same. If the interest rate increases to 8.75 percent, its direct effect will be visible on your PF balance. Suppose an employee has about Rs 6 lakh deposited in his account, then at the rate of 8.75 percent he can get interest up to about Rs 52,000. Similarly, if someone has a deposit of Rs 5 lakh, then there is a possibility of him getting interest around Rs 43,750. This entire amount will be directly added to your retirement fund, due to which your money will grow at a faster rate till your retirement. If the interest rate does not change then Rs 49,500 will be added to Rs 6 lakh. Rs 41,250 will be added as interest on the amount of Rs 5 lakh.
About 8 crore PF account holders in the country are eagerly waiting for this possible decision. It is believed that the CBT of EPFO will discuss this proposal in the upcoming meeting. The new interest rate will be finalized only after the approval of the board and then the government will announce it officially.
How to know PF balance
Knowing PF balance has now become very easy. If your mobile number is registered in your PF account, you can check your balance with just a missed call. For this you have to make a missed call on number 9966044425. Within some time, an SMS comes on your mobile, in which information about your PF balance and last contribution is recorded.
Similarly, you can also know your balance by sending SMS. For this you have to send SMS to 7738299899 from your registered mobile number. In the message box you have to type EPFOHO UAN. After sending this message, you get your account information in your favorite language like Hindi, Tamil, Telugu etc. In this way, without visiting any office, you can have complete information about your provident fund sitting at home and can make your financial plan by understanding the benefits of the upcoming increased interest rate in advance.
