EPFO Credits ₹1.44 Lakh Crore Interest to 34 Crore Accounts in Historic Single-Day Move

For the first time, the Employees Provident Fund Organisation (EPFO) credited interest for the financial year 2025-26 to all 34 crore member accounts in a single day on July 15. The interest amount, over ₹1.44 lakh crore, was transferred following the implementation of the Centralised IT Enabled Services (CITES) project, which updated the EPFO's database.

Union Labour Minister Mansukh Mandaviya had earlier announced that the interest, approved at 8.25% by the Finance Ministry on the recommendation of the EPFO's Central Board of Trustees, would be credited on July 15. A senior EPFO official confirmed that members can view the credited interest in their passbooks for the new financial year.

Under the new system, interest is auto-processed and verified by field authorities before being credited. Previously, after the EPF interest rate was declared, it typically took until October or November for the interest to be credited to accounts. This year, the process has been significantly accelerated, ensuring timely credit for all members.

The EPFO manages retirement savings for millions of Indian workers, and the timely crediting of interest is expected to benefit over 34 crore account holders across the country.