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

The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has kept unchanged and recommended the same interest rate of 8.25 percent on employees’ provident fund (EPF) deposits for 2024-25. EPFO, which manages the EPF accounts of over seven crore subscribers, had increased the EPF interest rate from 8.15 percent in 2022-23 to 8.25 percent in 2023-24. The recommendation of the EPFO will be sent to the Union Ministry of Finance for approval.

The interest amount will be



credited to employees’ provident fund accounts only after the government’s approval. The recommendation came during the meeting chaired by Union Minister for Labour and Employment Dr. Mansukh Mandaviya. This was the 237th meeting of the Central Board of Trustees (CBT). Union Minister of State for Labour and Employment and Vice-Chairman Shobha Karandlaje, Secretary of Labour and Employment Co-Vice-Chairperson Sumita Dawra, and other officials were also present during the meeting.