EPFO Interest of 8.25 percent has been transferred to the accounts of 97 percent of the employees under the Employees Provident Fund Organization. Union Labor Minister Mansukh Mandavia gave this information. The Union Minister said that the employees have been paid for the financial year 2024-25. Let us tell you that these payments have been made in the accounts of the employees till 8 July. Last year, for FY 2024, the process of depositing interest in employees’ accounts began in the month of August, which was completed in December.
33.56 crore employees of 13.88 lakh companies get interest money
Union Minister Mandavia said in a conversation with the media, “Now the process of payment of interest in EPF accounts of employees has been changed for fast processing, due to which the entire process has been completed in June itself.” For FY 2025, the annual account for 13.88 lakh companies with 33.56 crore accounts was to be updated, out of which till July 8, 32.39 crore accounts of 13.86 lakh companies have deposited interest at a rate of 8.25 percent.
The annual accounts of the rest of the company will be completed this week
The minister said, “This simply means that the update of annual accounts for 99.9% companies and 96.51% employees has been completed.” He said that it is expected that the annual accounts in the remaining companies will also be fulfilled within this week. After the announcement of interest rate by the central government, the EPFO deposited interest in the accounts of EPF members every year. For 2024–25, the Center on May 22 approved the deposit of 8.25 percent interest for EPFO members. Accordingly, the preparation activities were immediately started and the update of annual accounts started from the night of June 6, 2025.
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