ArdorComm Media News Network
July 9, 2026
Employees’ Provident Fund Organisation (EPFO) is set to credit an annual interest rate of 8.25% for the financial year 2025–26 into nearly 34 crore EPF accounts by July 15. Announcing the development, Mansukh Mandaviya said that more than ₹1.44 lakh crore will be transferred to subscribers through the organisation’s newly launched Centralised IT Enabled Services (CITES) platform.
The minister also confirmed that EPFO has successfully completed the migration of its member records from a decentralised system to a unified centralised database. This transition will provide members with access to a single online portal where they can check their PF balance, membership details, claim status, pensionable service records, and other benefits through one integrated interface.
The new CITES platform introduces automated pre-validation of claims, allowing the system to assess eligibility, identify missing information, and notify members if their withdrawal request exceeds the permissible limit before it reaches an EPFO office. The automation is expected to reduce claim rejections and significantly improve first-time claim approval rates.
The CITES initiative is part of EPFO’s broader digital transformation strategy aimed at modernising service delivery through automation and rule-based processing. The platform is expected to enhance operational efficiency while offering faster, more transparent, and citizen-centric services to EPF subscribers.
Source: News on AIR