Many Employees’ Provident Fund (EPF) members are likely to see a big boost in their PF savings this year.
The Employees’ Provident Fund Organisation (EPFO) has started crediting annual interest to PF accounts, and for some people, this extra amount can go up to around Rs 46,000.
This additional money is not a separate payout but interest added directly to your PF balance, helping your retirement fund grow faster.
What Is the Rs 46,000 PF Benefit?
Every year, EPFO declares an interest rate for PF accounts.
This rate is applied to the total balance in your provident fund.
Based on this calculation, interest is credited to your account at the end of the financial year.
If your PF balance is high and you have been contributing regularly, the interest amount can be quite large.
For many members, this annual interest credit works out to nearly Rs 46,000 or even more, depending on their total savings.
Who Can Get This Interest Credit?
Most EPF members are eligible for this benefit.
This includes employees who are currently working and contributing to their PF through their salary.
It also covers people who have changed or left their jobs but have not withdrawn their PF money.
Even inactive PF accounts continue to earn interest as long as the full amount has not been withdrawn.
Interest keeps adding up until retirement or final withdrawal.
How to Check Your PF Interest Online
EPFO allows members to check their PF balance and interest details online in just a few steps.
You need to visit the official EPFO member portal and log in using your Universal Account Number (UAN) and password.
Once logged in, open the passbook section.
Here, you can see your total PF balance along with the interest credited for the year.
The passbook clearly shows both your contributions and the interest added.
Things You Should Keep in Mind
Make sure your UAN is active and linked with Aadhaar, or you may face issues while checking your balance.
If you have changed jobs, ensure your old PF accounts are properly linked or transferred.
If you are close to retirement, checking your PF balance regularly can help you plan withdrawals and understand tax implications better.
Final Takeaway
The annual interest credited by EPFO plays a major role in growing your retirement savings.
With current interest rates, many PF account holders may see an increase of around Rs 46,000 in a single year.
Checking your PF passbook online is the easiest way to know exactly how much has been added to your account.
