The Employees’ Provident Fund Organisation credited an interest rate of 8.25% for 2024-25 in over 96.5% of its beneficiary accounts since the process started on June 6, breaking from past trends of crediting the interest amount around Diwali or even later by the end of December and will conclude the process by this week, labour and employment minister Mansukh Mandaviya said on Tuesday.
“Till July 8, interest has been credited in 32.39 crore member accounts across 13.86 lakh establishments. This translates into completion of annual accounts update for 99.9% of the establishments and 96.51% of the member accounts,” he said.
“The process has now been optimized for faster processing due to which the entire exercise has mostly been completed in June itself,” he added.
This year, interest on provident fund accumulation was due for 33.56 crore member accounts across 13.88 lakh establishments.
The interest for 2023-24 was credited into the beneficiary accounts in December 2024.
Interest is credited into the EPF members’ accounts every year after it is approved by the central board of trustees of EPFO and ratified by the finance ministry.
According to the ministry of labour and employment, the approval of the central government for crediting of interest at the rate of 8.25% on EPF accumulations for 2024-25 was conveyed on May 22, 2025 following which the retirement fund body started annual update of accounts from June 6, 2025.
“The annual accounts in respect of such remaining establishments shall also be completed within this week,” the ministry added.
“Till July 8, interest has been credited in 32.39 crore member accounts across 13.86 lakh establishments. This translates into completion of annual accounts update for 99.9% of the establishments and 96.51% of the member accounts,” he said.
“The process has now been optimized for faster processing due to which the entire exercise has mostly been completed in June itself,” he added.
This year, interest on provident fund accumulation was due for 33.56 crore member accounts across 13.88 lakh establishments.
The interest for 2023-24 was credited into the beneficiary accounts in December 2024.
Interest is credited into the EPF members’ accounts every year after it is approved by the central board of trustees of EPFO and ratified by the finance ministry.
According to the ministry of labour and employment, the approval of the central government for crediting of interest at the rate of 8.25% on EPF accumulations for 2024-25 was conveyed on May 22, 2025 following which the retirement fund body started annual update of accounts from June 6, 2025.
“The annual accounts in respect of such remaining establishments shall also be completed within this week,” the ministry added.
