Bhubaneswar, July 16 -- Millions of Employees' Provident Fund Organisation (EPFO) subscribers could soon see a welcome update in their provident fund accounts. Starting July 15, EPFO has begun crediting the annual interest for FY 2025-26 at an approved rate of 8.25% per annum, bringing relief to members waiting for their updated balances after the retirement fund body's recent digital platform migration.

The annual interest rate of 8.25% works out to approximately 0.688% per month, according to a Cleartax report. While interest is calculated every month on the running balance in an EPF account, it is credited only once a year after the government notifies the applicable interest rate.

Earlier this month, Union Labour and Employment Mini...