Bumper good news in EPFO! PF interest rate can reach 8.75%, people with Rs 6 lakh will get Rs 52,000?
According to the news coming out from the corridors of EPFO, this time the Central Government can give a big gift to the employees in interest rates. There is a strong possibility of an increase in interest rates for the financial year 2025-26, which will directly increase the interest earned on your deposits.
Right now the only question revolving in the minds of PF account holders is how much interest they will get on their capital this time. If sources and market experts are to be believed, the government can increase the interest rate to 8.75 percent.
Recall that the government had given 8.2 percent interest for the financial year 2024-25, which has already been deposited in the accounts of the employees. Now there is a wave of enthusiasm among the employees with the expectation of increased rates for the new year. Although no official announcement has been made by the government yet, a final approval may be given on this in January.
How to get Rs 52,000?
This possible increase in interest rate will have a direct impact on your PF balance. If we look at the numbers, an employee with a deposit of Rs 6 lakh can get around Rs 50,000 to Rs 52,000 interest at the rate of 8.75%. At the same time, a person with a deposit of Rs 5 lakh will get a benefit of up to Rs 42,000.
This money will be directly added to your retirement fund, which will lead to rapid growth in your savings. About 8 crore PF account holders of the country are waiting for this decision. This will be discussed in the next meeting of the Central Board of Trustees (CBT) of EPFO, only after that the rates will be approved.
Check your balance like this
Just give a missed call to 9966044425 from your registered mobile, and within a few moments you will get the details of PF balance and last contribution in SMS.
Apart from this, you can also check through SMS. Message – “EPFOHO UAN” (write in English) from the registered number to 7738299899. Then choose your preferred language like Hindi, Tamil, Telugu etc. to get the information.
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