The Employees Provident Fund Organisation (EPFO) has started crediting interest for the financial year 2024-25 to the accounts of its members. Although no official email or SMS has been sent by the EPFO so far, many people have received the interest amount in their PF account.
The Finance Ministry recently ratified an 8.25% interest rate on EPF for FY 2024-25. Earlier in February 2025, the Central Board of Trustees (CBT) of EPFO proposed this rate. After the Finance Ministry’s approval, the EPFO has now started crediting the interest amount to EPF accounts of members. There are around 8 crore EPFO accounts in the country, according to official data.
How is EPF interest calculated by the EPFO?
Employees and employers both contribute to the EPF account every month. If we talk about contribution, the employee’s entire 12% of basic pay contribution goes towards the provident fund deposit, while the employer’s share is divided into two parts – 8.33% goes towards employees’ pension scheme and 3.67% for EPF.
The EPFO calculates interest on this contribution every month, but the interest is credited to the account only at the end of the year i.e. after the completion of the financial year. This interest is on a compounding basis and is paid on both the employee and employer portions (except for some exceptions such as interest is not paid on the employer’s pension fund portion).
Although the interest is for the whole year, it usually starts appearing in the passbook between June and August.
Also read: EPFO New Rules 2025: 5 key conditions you have to fulfill to withdraw PF money
How to check whether EPF interest has come or not?
Step 1: Visit the EPFO website – https://www.epfindia.gov.in
Step 2: Click on ‘Our Services For Employees Member Passbook’
Alternatively, you can also visit this link directly using – https://passbook.epfindia.gov.in
Step 3: Login by entering UAN number, password and captcha
Step 4: After login, all your member IDs (linked to old and current employers) will be visible
Step 5: Click on your current member ID and view ‘Passbook’
Your EPF passbook opens and you can see the employee contribution, employer contribution and interest earned on it separately for each year. If you want, you can also download this passbook in PDF.
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