EPFO: If you also contribute to PF, then big good news is coming your way; you will receive this much benefit this time...

If you are a salaried employee and your Provident Fund (PF) contributions are deducted from your salary, then you are about to receive some great news. The government is planning to increase the interest rates on the Provident Fund for the financial year 2025-26. It is expected that this time the government may increase the interest rate on PF to 8.75%. This increase will directly benefit 8 crore PF account holders.

Currently, the interest rate on the Provident Fund is 8.25%, which is for the financial year 2024-25. This is expected to be increased to 8.75%, a direct increase of 50 basis points. If this increase happens, let's see how much benefit you will receive from the increased interest rates.

Good news coming soon.

The government credits the annual interest earned on your PF account to your account every year. This time, it is expected that the government will soon credit the entire year's interest to your account. It is believed that a final decision on this will be taken in January. The increase in interest rates directly impacts your Provident Fund. This means a substantial lump sum amount will be credited to your account. Now, let's say you have Rs. 5 lakh in your account, then you will directly benefit by approximately Rs. 40,000 to Rs. 42,000 in the form of interest.

When will it be implemented?

This proposal is likely to be discussed in the upcoming meeting of the Central Board of Trustees (CBT) of EPFO, after which the interest rates will be approved. The meeting will finalize the decision. To know how much the interest rates will increase and how much benefit you will receive, we had an exclusive conversation with TV9's expert. In this conversation, the expert explained how much benefit you will receive. To know all the details, you can watch the video below. This video explains every aspect of PF in detail.

Disclaimer: This content has been sourced and edited from TV9. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.