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EPFO Retains 8.25% Interest Rate on EPF Deposits for 2024-25
Hindustan Times Mumbai
|March 01, 2025
Retirement fund body EPFO on Friday decided to retain an interest rate of 8.25% on employees' provident fund (EPF) deposits for 2024-25, as provided in the previous fiscal, benefitting over seven crore subscribers.
NEW DELHI:
In February 2024, the Employees' Provident Fund Organisation (EPFO) had increased the interest rate on EPF marginally to 8.25% for 2023-24, from 8.15% in 2022-23.
A labour ministry statement said, "CBT (Central Board of Trustees) recommended 8.25% annual rate of interest to be credited on EPF accumulations in members' accounts for the financial year 2024-25."
The ministry informed that the interest rate would be officially notified by the government, following which EPFO would credit the rate of interest to the subscribers' accounts.
This story is from the March 01, 2025 edition of Hindustan Times Mumbai.
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