Provident Fund Interest: Good News! West Bengal Starts Crediting PF Interest for FY 2024-25

WBPAY4 hours agoLast Updated: July 18, 2025

West Bengal Government Employees Checking Mobile For Rupees

Provident Fund Interest: The wait is finally over for many employees in West Bengal. In a welcome move, the Government of West Bengal has commenced the process of crediting the yearly interest to the Provident Fund (PF) accounts of subscribers under the Non-Government Provident Fund (NGIPF) module. The Directorate of Pension, Provident Fund and Group Insurance (DPPG), West Bengal, issued a notification on July 18, 2025, detailing the credit of interest for the financial year 2024-25. This initiative aims to ensure timely and transparent interest payments to lakhs of employees. Here are the detailed highlights from the announcement.

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Who Has Already Received the Interest?

According to the notification, the interest has already been credited online into the individual employee PF accounts for all PF Operators who have received permission from DPPG, WB. This process has been completed through book adjustments by the Accountant General (AG), West Bengal, as prescribed by the Finance Department.

The interest amounts have been credited to the following categories of institutions:

Government-Aided Colleges: A total of Rs. 117,46,34,603 has been credited for 434 institutions.
Municipalities: A sum of Rs. 6,64,41,879 has been credited for 40 municipalities.
Agricultural Training Centre: An amount of Rs. 17,91,585 has been credited for 1 institution.

Special Update for Teachers

There is a significant update for the DI/ADI/AI of Schools (Secondary Education). For these institutions, the interest for two financial years, 2023-24 and 2024-25, will be credited to the individual employee PF accounts. The entire process for this is targeted to be completed by September 30, 2025, after the acceptance of the employee-wise PF register.

What About the Offline System?

For PF Operators who have not yet been granted permission by DPPG, WB for online balance capturing, the existing offline procedure for claiming interest will continue to be followed.

What Should You Do?

Following this announcement, all concerned employees and authorities are advised to take the necessary steps:

Verify Your Account: All subscribers should check their PF accounts to ensure the credited interest amount is reflected accurately.
Institutional Responsibility: Concerned PFD Admins and Institutional Authorities are requested to verify the credit of interest within their respective systems.
Report Discrepancies: In case of any discrepancies, it should be reported to DPPG, WB, for a timely resolution.

This order has been issued with the approval of the competent authority and serves to keep all stakeholders informed and ensure a smooth process.