PF (Provident Fund) is a reliable savings option for salaried people in India. A small amount is deposited every month, and over time it turns into a large fund. However, many people do not know how much interest is being added to their PF account every year and how they can check it sitting at home. The government is also considering increasing the interest rates for the new financial year (2025-26), which can be very good news for millions of employees.
Interest rate for 2024-25: 8.25%
The interest rate on EPF for the financial year 2024-25 is 8.25%. This is the same rate that was applicable last year. Interest is calculated on amounts deposited between April 1, 2024, and March 31, 2025. EPFO may take a decision on the interest rate for 2025-26 around February 2026. Checking your PF account balance is now very easy. You can use many methods for this.
missed call service
Give a missed call to ‘011-22901406’ from your UAN registered mobile number. Within seconds, you will receive your balance and other details via SMS.
Checking balance through SMS
Type EPFOHO UAN ENG in your message box and send it to 7738299899. You can also get balance information in your preferred language.
umang app
Open Umang App – Select EPFO section – Click on ‘View Passbook’. By entering your UAN and OTP, you can view your complete passbook.
Conditions to become a member of EPFO
At present, the upper limit of salary to join the EPFO scheme is Rs 15,000. This means that employees whose basic salary + DA is up to Rs 15,000 are required to join the PF scheme. A change in this limit is being considered so that more people can avail the pension facility. If the rules are changed, many private sector workers could have stronger future pensions.
How is PF deducted and where does the money go?
‘PF deduction’ from your salary is 12% of your total basic pay and dearness allowance. This amount goes directly into your PF account. The employer also contributes 12%, but his entire contribution does not go into the PF fund. Of this, 8.33% is deposited in EPS (Pension Fund) and 3.67% in EPF (Provident Fund). There is a fixed limit on the amount deposited in the pension fund so that this fund continues to operate for a long time.