Provident Fund

New Delhi (Gurpreet Singh): The Employees’ Provident Fund Organisation (EPFO) is set to credit approximately ₹1.44 lakh crore as annual interest to nearly 34 crore member accounts by July 15. The interest for the financial year 2025-26 will be distributed at a rate of 8.25 per cent. According to the Ministry of Labour and Employment, this expedited timeline is a direct result of the successful implementation of the Centralised IT Enabled Services (CITES) project, which automates the interest calculation and allows field authorities to verify the data swiftly before final credit. This new mid-July deadline represents a massive operational shift…