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EPFO Completes National Database Migration for PF Interest Processing by July 15
Photo: BusinessLine
2026-07-08 18:44   Business   10

EPFO Completes National Database Migration for PF Interest Processing by July 15

The Employees’ Provident Fund Organisation (EPFO) has successfully migrated provident fund records from regional databases to a unified national database, enabling members to view their 8.25% interest credited for FY26 online by July 15.

Labour Minister Mansukh Mandaviya announced this digital transformation as part of broader reforms aimed at improving PF access and processing efficiency.The shift allows members to verify their interest credits through a centralized system, with automatic processing of over Rs 1.44 lakh crore in annual interest for 34 crore member accounts.Key improvements include faster UPI withdrawals, automated claim validation, and streamlined transfers between employment sectors.Members must link previous PF account numbers to their UAN-based accounts for consolidated views.The EPFO 2.01 project enhances transparency by providing a unified digital interface for checking balances, claims, and pension records.Interest calculations now extend to the payment authorization date, ensuring members receive accurate figures.These changes aim to reduce administrative burdens and improve financial inclusion for workers.

Full reading at BusinessLine

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