EPFO: How much interest are you earning on your Provident Fund every year? Check it from the comfort of your home..

In India, the Provident Fund (PF) is a reliable savings option for salaried employees. A small amount is deposited every month, and over time, it grows into a substantial fund. However, many people don't know how much interest is being added to their PF account each year and how to check it from the comfort of their homes. The government is also considering increasing the interest rate for the new financial year (2025-26), which could be great news for millions of employees.

Interest Rate for 2024-25: 8.25%
For the financial year 2024-25, an interest rate of 8.25% is being offered on EPF. This is the same rate that was applicable last year. The interest is calculated on the amount deposited between April 1, 2024, and March 31, 2025. EPFO ​​may decide on the interest rate for 2025-26 around February 2026.

How to Check Your PF Balance from Home
Checking your PF account balance is now very easy. You can use several methods for this.

Missed Call Service
Give a missed call to ‘011-22901406’ from your UAN-registered mobile number. In a few seconds, you will receive your balance and other details via SMS.

Checking Balance via SMS
Type EPFOHO UAN ENG in your message box and send it to 7738299899. You can also receive balance information in your preferred language.

Umang App
Open the Umang app – select the EPFO ​​section – click on ‘View Passbook’. By entering your UAN and OTP, you can view your complete passbook.

Eligibility Criteria for EPFO ​​Membership
Currently, the upper salary limit for joining the EPFO ​​scheme is Rs. 15,000. This means that employees whose basic salary + DA is up to Rs. 15,000 are mandatorily included in the PF scheme. Changes to this limit are being considered to allow more people to benefit from the pension facility. Changes to the rules could strengthen the future pensions of many private sector employees.

How are PF deductions made, and where does the money go?
The 'PF deduction' from your salary is equal to 12% of your total basic pay and dearness allowance. This amount goes directly into your PF account. The employer also contributes 12%, but their entire contribution does not go into the PF fund. Of this, 8.33% is deposited into the EPS (Pension Fund) and 3.67% into the EPF (Provident Fund). There is a fixed limit on the amount deposited into the pension fund to ensure the fund remains sustainable in the long term.

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