The authorities has ratified the rate of interest on staff’ provident fund at 8.25% for FY25, enabling the retirement fund physique EPFO to deposit the annual interest accumulation within the post-retirement funds of over 7 crore subscribers.
EPFO, on February 28, had determined to retain the interest rate of 8.25% on staff’ provident fund (EPF) deposits for the monetary yr 2024-25, equal to the rate supplied within the previous fiscal. The authorised rate of interest for 2024-25 was despatched for concurrence of the Ministry of Finance.
“The Ministry of Finance has given concurrence to an 8.25% rate of interest on the EPF for the 2024-25 fiscal year, and the Labour Ministry sent a communication regarding this to the EPFO on Thursday (May 22, 2025),” a labour ministry official instructed PTI.
Now the interest quantity as per the rate ratified for FY25 will probably be credited into the accounts of over seven crore subscribers of EPFO.
The choice on interest rate was taken at the 237th assembly of the Central Board of Trustees of the EPFO, chaired by Union Minister for Labour & Employment Mansukh Mandaviya in New Delhi on February 28.
Compared to many fixed-income devices, EPF presents comparatively greater and steady returns, making certain regular development on post-retirement financial savings.
In February 2024, the EPFO had elevated the interest rate marginally to eight.25% for 2023-24, from 8.15% in 2022-23.
In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1%, from 8.5% in 2020-21.
The 8.10% rate of interest on EPF for 2020-21 was the bottom since 1977-78, when it stood at 8%.
Published – May 24, 2025 06:28 pm IST
