If you're salaried and have PF deducted every month, some good news landed quietly in your account. EPFO has started crediting 8.25% annual interest for 2023–24 — one of the better returns you're getting on any safe savings right now.
To put it in real terms: if your PF balance is ₹5 lakh, you just earned around ₹41,000 in interest — completely tax-free. Most people have no idea how much is sitting in their PF. This is the moment to actually find out.
What this means for you
- 8.25% tax-free return beats most FDs right now — your PF is quietly doing the heavy lifting for your retirement.
- A ₹3 lakh PF balance earns ~₹24,750 this year; a ₹10 lakh balance earns ~₹82,500 — all added automatically.
- If you've changed jobs, old PF accounts may have stopped earning interest — worth tracking those down.
What you can do
- Open the UMANG app or visit passbook.epfindia.gov.in and check your updated balance today — takes under 2 minutes.
- If you have an old employer's PF account sitting idle, transfer it to your current account using the EPFO member portal so it keeps earning.
You're already saving — now just make sure it's all accounted for.