The Employees' Provident Fund Organisation (EPFO) has begun the process of crediting all of its 34 crore member accounts at an annual interest rate of 8.25%, which will be reflected in their passbook by July 15. The annual interest, estimated at ₹1.44 lakh crore, will be auto-processed and then verified by Field Authorities, Union Labour Minister Mansukh Mandaviya said.