EPFO Interest Credit for FY 2019-2020: Current Status and What You Need to Know

Every year, the Employees Provident Fund Organisation (EPFO) notifies the interest rate for the previous financial year. For the financial year (FY) 2019-2020, the interest rate was set at 8.5%. However, the actual crediting of this interest to the accounts of the EPFO members has not yet been completed. This article will guide you through the current status of the interest credit and share some insights on why it might be delayed.

Delayed Interest Credit

The EPFO Trustees and the Labour Ministry had declared 8.5% as the interest rate for the FY 2019-2020. However, for the interest to be credited to the member's accounts, it needs to be approved by the Finance Ministry. As of now, the approval process is ongoing, and it is expected that the interest will be credited in January 2021. This deadline is not set in stone, and it is an assumption based on past trends.

EPFO Interest Notification

The Employees Provident Fund Organisation (EPFO) has formally notified the interest rate for the FY 2019-2020, which stands at 8.5%. However, many members of the EPFO are yet to receive the credited interest. This delay in crediting is due to a few factors, including financial constraints faced by the EPFO and the approval process by the concerned ministries.

Partial Creditment and Instalments

Due to financial crunch, the EPFO has decided to credit the interest in two instalments. This decision has further complicated the situation for EPFO members who are still waiting for the interest to be credited to their accounts. The EPFO regional offices have been issuing interest payments since October/November 2019, but some members are still yet to receive the credit.

What You Can Do

If you are among the members who have not received the interest credit, the following steps can be taken:

Submit a Grievance Request: You can submit a grievance request to the EPFO via the EPF Grievance Management System (EPF GMS). Check the EPF Portal: Visit the EPF portal at and use the search function to find the portal address for submitting your grievance. Keep Track: Keep a record of any emails or communications you have with the EPFO regarding your grievance and follow up regularly.

Final Thoughts

The delay in crediting the 8.5% interest for FY 2019-2020 is a common issue that most PF members face. While it can be frustrating to not see the credited interest in your PF account, it is essential to understand the processes involved and the reasons behind the delay. Staying proactive and following up with the EPFO through the appropriate channels can help expedite the process and bring some relief.