New Delhi: The Employees’ Provident Fund Organisation (EPFO) had announced that interest amounts would be transferred to PF accounts starting July 15, 2026. With today being July 16, it is clear that the interest credit process has begun. Thanks to a new digital system and a centralised database, the process is now much simpler and easier than before.
Members can easily check whether the funds have been credited to their accounts. There are several hassle-free ways to check the PF balance; members can do so via the UMANG app, the EPFO Member e-Sewa portal, Passbook Lite, SMS, or a missed call. You can review the key details regarding this process below.
New Technology Simplifies the Process
In recent years, the EPFO has worked to modernise and simplify its systems. Previously, separate databases existed across 123 offices nationwide, and interest calculations and record matching were handled at different levels.
This made the process quite lengthy. However, all these records have now been consolidated into a centralised digital database. Millions of transactions and employee records were securely transferred to the new system, followed by a reconciliation of all accounts. This ensures accuracy when members check their interest amounts.
Verification First, Then Interest Credit
Did you know that the EPFO placed special emphasis on verifying accounts before crediting interest? This involved matching member records, account details, and existing balances. The interest amount was transferred to the respective accounts only after the verification process was complete. The EPFO has also recently launched a new digital portal.
This portal has made various tasks much easier for members compared to the past. Beyond just crediting interest, processes such as claim verification, withdrawal details, and other services are now being completed much faster. Additionally, there is likely to be a reduction in errors and instances of claim rejections.
Meanwhile, under the new plan, employees can easily check their PF funds. This also allows you to verify whether your PF has been credited. You can check your EPF balance via the UMANG app, the EPFO Member e-Sewa portal, a missed call, or SMS. Furthermore, you can view account details and interest entries using the ‘Passbook Lite’ feature available on the EPFO Member Passbook Portal.
How much interest was received this time?
The Central Government has announced an interest rate of 8.25% for the financial years 2025 and 2026. Previously, for the financial years 2024 and 2025, the Central Government had also transferred interest at the rate of 8.25%. The government transfers interest payments to PF subscribers every year.
