NEW DELHI, July 8 -- The Employees' Provident Fund Organisation (EPFO) aims to credit more than Rs.1.44 trillion in interest into nearly 340 million provident fund accounts by 15 July, in what could be its fastest annual interest payout in years following the rollout of its new Centralised IT Enabled Services (CITES) platform, Union labour and employment minister Mansukh Mandaviya said on Wednesday.

If achieved, the timeline would mark a significant improvement over previous years, when annual interest crediting often stretched until October or November after the interest rate was notified.

The interest will be credited at the 8.25% rate approved for FY26 by the Central Board of Trustees (CBT) in March, subject to completion of field ve...