Labour Minister Mansukh Mandaviya on Tuesday said the retirement fund body will complete the process of crediting 8.25 per cent interest for FY25 into members' accounts this week. The interest amount is credited into the EPF members' accounts every year by the Employees' Provident Fund Organisation (EPFO) after ratification of the interest rate by the central government.
"This year, the annual account updation had to be done for 13.88 lakh establishments having 33.56 crore member accounts, out of which till 8th July, interest has been credited in 32.39 crore member accounts of 13.86 lakh establishments.
"This translates into completion of annual accounts updation for 99.9 per cent of the establishments and 96.51 per cent of the Member Accounts," the minister said while talking to reporters.
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For the current year (2024-25), the approval of the central government for crediting of interest at the rate of 8.25 per cent on EPF accumulations came on May 22, 2025.
Accordingly, preparatory activities were immediately undertaken, and annual accounts updation commenced from the night of June 6, 2025, he stated.
The minister noted that in 2023-24, the process of crediting the interest to members' accounts commenced in August and was completed in December.
The process has now been optimised for faster processing, due to which the entire exercise has mostly been completed in June itself, he pointed out.
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It is expected that the annual accounts in respect of such remaining establishments will also be completed within this week, he stated.
