EPF Interest Credit Delay: What Members Need to Know EPFO members have begun receiving the annual interest of 8.25% for the financial year 2025-26 in their provident fund accounts, starting July 15. The interest is credited annually at the approved rate, though updates may take time to appear in member accounts. Delays in visibility do not affect the actual amount earned, as the credit process is carried out in phases. The Employees' Provident Fund Organisation (EPFO) has confirmed that the interest for FY2025-26 is being processed, with updated balances expected to reflect by July 15, 2026. Union Labour and Employment Minister Mansukh Mandaviya highlighted that the retirement fund body is handling interest totaling over ₹1.44 lakh crore for approximately 34 crore member accounts. This includes the annual crediting of 8.25% interest, which is calculated based on the monthly running balances of each account. The interest rate of 8.25% translates to approximately 0.688% per month, according to a Cleartax report. However, the interest is credited to EPF accounts once a year after the government announces the rate. EPFO sends SMS alerts to members once the interest is credited, and the updated balance can also be viewed in the EPF passbook on the unified member portal. Members who have not yet received notifications should not worry, as delays in visibility do not reduce the amount earned. The interest is calculated on the monthly balance and credited annually, ensuring members receive 8.25% regardless of when the update appears in their account. However, there is an exception: if a member withdraws their EPF balance and closes their account just before the annual interest for that financial year is credited, they may lose the interest for that period. EPFO does not add provisional interest to accounts being closed.#umang_app #mansukh_mandaviya #epfo #cleartax #epf_passbook
Interest on Provident Fund for FY26 Being Credited, Members Can View Updates by Next Week The Employees' Provident Fund Organisation (EPFO) is processing the annual interest payment for the fiscal year 2026, with members able to check the updated amounts online by July 15, according to Labour Minister Mansukh Mandaviya. The interest rate for FY26 has been set at 8.25 percent, with an estimated total of over Rs 1.44 lakh crore to be distributed across 34 crore member accounts. Mandaviya highlighted that the interest will be auto-processed and verified by field authorities before being credited to members' accounts. The EPFO has implemented the 2.01 CITES (Centralised IT-Enabled Services) project to streamline operations and improve transparency. This initiative replaces the previous decentralized system, where separate databases were maintained at each field office. Under the new centralized architecture, all member records have been migrated to a unified database, enabling seamless access to services from any authorized location across the country. Members will now have a unified digital interface to view their PF balances, claim statuses, pensionable service records, and benefits availed, ensuring greater transparency and ease of access. The CITES project also enhances the efficiency of claim processing, with payments routed through faster electronic channels to ensure secure and timely crediting of settlement amounts directly into members' bank accounts. A key change under the revised system is the calculation of interest in final PF settlements up to the date of payment authorization, rather than the last day of the previous month. This adjustment ensures members receive accurate interest accruals.#mansukh_mandaviya #employees_provident_fund_organisation #cites_project #pf_members #centralized_it_enabled_services
EPFO 3.0 Launches Online PF Withdrawal via UPI and ATM The Employees' Provident Fund Organisation (EPFO) is implementing a major digital transformation with the launch of EPFO 3.0, enabling members to withdraw their Provident Fund (PF) savings directly through UPI and dedicated EPFO ATM cards. Union Minister of Labour & Employment Mansukh Mandaviya confirmed that the UPI payment gateway testing for the new framework has been completed, and the service will be rolled out to members soon. This update aims to simplify the withdrawal process, reduce delays, and enhance accessibility for employees. Previously, withdrawing PF funds required submitting physical or online claim forms, waiting for employer digital signatures, tracking status updates for 7-15 days, and visiting EPFO offices for corrections. Under EPFO 3.0, the process is streamlined to take minutes instead of weeks. Members can now withdraw funds via UPI, use a dedicated EPFO ATM card, and receive auto-settled claims without manual intervention for amounts up to ₹5 lakh. Key changes in the EPFO 3.0 framework include raising the auto-settlement limit from ₹1 lakh to ₹5 lakh, reducing processing time to a few hours for eligible claims, and expanding withdrawal methods to include UPI and ATM cards alongside bank transfers. Employer attestation is no longer required if the member’s Universal Account Number (UAN) is Aadhaar-linked and KYC is digitally approved. Partial withdrawal categories have been simplified from 13 complex categories to three broad categories: emergency withdrawals (medical, marriage, education), life milestone withdrawals (housing, home loans), and unemployment withdrawals (job loss scenarios). The new framework also introduces immediate access for members who lose their jobs.#mansukh_mandaviya #epfo #form_121 #upi #epfo_atm
Mansukh Mandaviya: Empowering Women Is Empowering Society Mansukh Mandaviya, India’s Sports Minister, participated in the FIT India Pink Cyclothon on Sunday to mark International Women’s Day and promote fitness among women. The event, part of the Sunday on Cycle campaign, aimed to encourage nationwide cycling for better health and environmental sustainability. Mandaviya emphasized the importance of integrating cycling into daily routines, highlighting its role in improving physical fitness and reducing pollution. He stated that such initiatives foster a culture of collective responsibility and healthier living. Speaking at the event, Mandaviya underscored the critical link between women’s empowerment and societal progress. He asserted that when women are given opportunities to thrive, families and communities benefit, directly contributing to national development. The minister called for greater support and access to sports and fitness activities for women and girls, arguing that inclusive participation strengthens communities and drives national advancement. Mandaviya’s remarks focused on the dual benefits of physical activity and gender equality. He noted that promoting cycling not only enhances individual health but also addresses environmental challenges by reducing reliance on motor vehicles. The minister’s advocacy aligns with broader efforts to position sports as a tool for social transformation, particularly in empowering marginalized groups. The event also served as a platform to celebrate women’s contributions to society and highlight the need for sustained investment in their education, employment, and recreational opportunities.#india #mansukh_mandaviya #fit_india_pink_cyclothon #international_womens_day #sunday_on_cycle
