Representative image. | Photo credit: Getty Images/iStockphotos
For the first time, interest for the financial year 2025-26 on deposits in Provident Fund accounts was credited to all 34 crore accounts in one go on July 15. Union Labor Minister Mansukh Mandaviya had earlier said that after implementing the Centralized IT Services (CITES) project to update the Employees Provident Fund Organization (EPFO) database, interest amounting to over ₹1.44 crore will be credited to the accounts of 34 crore members on July 15.
The Union Ministry of Finance recently approved the recommendation of the Central Board of Trustees of EPFO to provide interest rate at 8.25%. A senior EPFO official said that the interest credited will be visible to all members when they open the passbook for the year 2025-26.
Under the new system, interest will be automatically processed and then verified by local authorities before being credited to members’ accounts. “Members will be able to view the interest credit in their passbooks until July 15th. Previously, once the EPF interest rate was announced, it usually took until October or November for interest to be credited,” the minister said.
Published – Jul 16, 2026 10:46 AM EST.