EPFO Retains 8.25% Interest Rate on EPF Deposits for 2024-25

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.

- Press Trust of India

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.