The EPFO is crediting annual interest to PF accounts. Members can benefit up to ₹46,000, depending on their balance. Most members are eligible and can check their balance and interest credits using their UAN on the EPFO portal.
New Delhi: Many provident fund account holders are set to receive an additional payment from the Employees' Provident Fund Organization (EPFO) as part of the annual interest credit on their PF balance. Under the recent EPFO decision, a bonus or additional amount of around ₹46,000 could be added to your PF account, depending on your deposits and account balance. Here's everything you need to know to understand and check whether you're 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, the EPFO announces the interest rate applicable to provident fund deposits. Based on that rate, interest is earned on the accumulated PF balance. In good years, this interest amount can be quite substantial – for many contributors, it can amount to approximately ₹46,000 or more in additional savings deposited in their PF account. Whether you receive this full amount depends on your individual PF balance and the rate announced by the EPFO for that particular year.
Who are eligible for this?
Most current and past contributors to the EPF scheme are eligible for this interest credit, including…
- 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- Those people who have left their job but have not withdrawn their PF balance.
- Members with inactive PF accounts (unless they have fully withdrawn their money).
- 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?
The EPFO has made it easier for members to check their PF contributions and interest credits online. You can check your account balance by:
- Visit the 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 the recent interest credits.
- 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 for withdrawals and tax implications.
EPFO's annual interest credit can significantly boost your retirement savings. With recent interest rates, many members see approximately ₹46,000 added to their PF every year. By logging into the EPFO portal with your UAN, you can check your eligibility and see how much interest has been credited to your account.
PC:Asinetnews
