EPFO Credits Interest of 8.25% for FY25 to Most Members; Final Phase to Wrap Up This Week

In a move that pleasantly surprised millions of salaried employees, the Employees’ Provident Fund Organisation (EPFO) has credited 8.25% interest for the financial year 2024–25 to nearly 97% of members’ accounts as of July 8, 2025.

The announcement was made by Union Labour Minister Mansukh Mandaviya, who praised the organisation's improved processing efficiency, as per a news report by The Hindu.

EPFO Speeds Up Interest Credit for FY25

The EPFO typically completes the process of interest crediting much later in the financial year. However, this year, the exercise was expedited and largely concluded in June itself, well ahead of the usual timeline of August to December. The faster rollout is attributed to backend system optimisation and an early start to the annual account update process.

"The process has now been optimised for faster processing," said Mandaviya, adding that the crediting exercise for FY25 began on June 6, just two weeks after the central government ratified the interest rate, as per the news report.

EPFO Interest Credited to Over 32 Crore Accounts

The scale of the operation was massive, involving the updating of accounts across 13.88 lakh establishments and 33.56 crore EPF member accounts. By July 8, interest had been successfully credited to:

• 32.39 crore member accounts
• From 13.86 lakh establishments

This translates to a completion rate of 99.9% of establishments and 96.51% of member accounts, marking one of the fastest and most extensive interest crediting exercises in EPFO’s history.

Govt Approval for EPFO’s FY25 Interest Came on May 22, 2025

The interest rate of 8.25% for FY2024–25 was proposed by the EPFO on February 28, 2025, and received formal approval from the Ministry of Finance on May 22, 2025.

Interest Crediting Timeline Sharply Improved

In contrast, the interest crediting process for the previous financial year (2023–24) had only begun in August and was completed by December. This year’s faster timeline reflects operational improvements and better data integration across systems.

Read More: Bhagalpur EPFO starts awareness drive about ELI scheme ahead of its launch.

Conclusion

The early crediting of interest to nearly all EPF accounts for FY25 highlights EPFO’s improved efficiency and the government's focus on timely service delivery to its workforce. With the remaining accounts expected to be updated by the end of this week, members can check their passbooks for updated balances reflecting the 8.25% interest credit.

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