The Employees’ Provident Fund Organisation (EPFO) has completed the migration of provident fund records from multiple regional databases to a unified national database, enabling members to view the 8.25 per cent interest credited for FY26 by July 15, Labour Minister Mansukh Mandaviya announced.
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SUSHIL KUMAR VERMA
With the Employees’ Provident Fund Organisation (EPFO) digitising entire scattered country-wide provident fund data into a single national database, members will now be able to verify their 8.25 per cent interest credit for FY26 online by July 15, Labour Minister Mansukh Mandaviya said on Wednesday.
Migrating to a national database, which happened over the last few days, to make PF access easier is a key step toward broader reform, allowing users to withdraw up to 75 per cent of their accumulated PF funds directly through a UPI interface, the Minister stated.
“Annual interest for FY26 at the rate of 8.25 per cent to 34 crore member accounts, estimated at over Rs 1.44 lakh crore, will be auto-processed and then verified by Field Authorities before being credited to the member account balances. Members will be able to view the interest credit in their passbook by July 15,” the minister told reporters.
Earlier, after the EPF interest rate was announced, it typically took until October–November for the interest to be credited to members’ accounts, he said, adding that he was himself monitoring the logistics migrations to ensure a smooth, glitch-free process.
Of the 34 crore member accounts, only 9 crore are active. However, members must link their previous PF account numbers to their latest UAN-based account numbers to obtain a consolidated view of the parked amount.
EPFO 2.01 to improve member services
Described as EPFO 2.01 CITES Project (Centralised IT Enabled Services), the move is designed to enhance member convenience, improve EPFO operational efficiency, thereby overall deliver transparent and seamless citizen-centric services.
Upon logging in to the portal, members can access a unified digital interface to view their membership details, provident fund balances, claim status, pensionable service records, and benefits availed.
A member’s claims will undergo automated pre-validation prior to processing at EPFO offices. Any deficiencies or discrepancies will be identified upfront, and appropriate guidance will be provided to members, significantly reducing claim rejections and improving first-time acceptance rates, as per the Minister.
Members will also be able to know the eligible amount they can withdraw from their PF account under the permitted types of withdrawals and make informed choices, an improvement over the earlier opaque system.
A substantial proportion of member claims for advances has been increased from ₹1 lakh to up to ₹5 Lakh, from accounts fully KYC-linked and validated, will be processed through an auto-settlement mechanism. The portal will also address queries on claim processing.
Faster settlements and automatic account transfers
Under the revised system, interest in final PF settlements will now be calculated up to the date of payment authorisation. This is an improvisation since earlier, the interest was calculated only up to the last day of the previous month. This ensures that members receive the benefit of additional interest for the intervening period, Mandaviya stated.
On rejoining or taking up new employment, members will not be required to submit separate applications for the transfer of their Aadhaar-linked UAN-based member accounts having provident fund accumulations. Transfer cases will be automatically initiated and settled, he made it clear.
Published on July 8, 2026
