EPFO Interest Rate: 8.25 percent interest will be available on PF this year too, government has approved
– Advertisement –
EPFO Interest Rate: The central government has approved an interest rate of 8.25 per cent on Employees’ Provident Fund (PF) deposits for the financial year 2024-25.
This interest rate has been kept the same as the previous financial year. In February, the Employees’ Provident Fund Organization (EPFO) had announced to retain the interest rate on Employees’ Provident Fund deposits at 8.25 per cent for FY 2025.
– Advertisement –
This decision was taken by the Central Board of Trustees of EPFO in a meeting in the national capital. The Finance Ministry has now approved the interest rate of 8.25 percent on employees’ PF for the financial year 2025. According to reliable sources, a notification has also been sent to the retirement fund body by the Labor Ministry this week.
The interest rate on EPF for 2024-25 will be credited to the accounts of EPFO members. The EPFO had earlier increased the interest rate on EPF for its 7 crore members from 8.15 per cent in 2022-23 to 8.25 per cent for 2023-24.
Meanwhile, the EPFO added 14.58 lakh net members in March and recorded a growth of 1.15 per cent in net payroll additions as compared to March 2024. The PF organisation enrolled around 7.54 lakh new subscribers in March 2025, showing a growth of 2.03 per cent as compared to February and 0.98 per cent year-on-year as compared to March 2024.
According to the Ministry of Labour, the growth of new subscribers can be attributed to increasing employment opportunities, growing awareness about employee benefits and successful outreach programmes of EPFO. An important aspect of the data is the dominance of the 18-25 age group, as 4.45 lakh new subscribers were added in the 18-25 age group, which is 58.94 per cent of the total new subscribers added in March 2025.
Further, the net payroll addition for the 18-25 age group stood at around 6.68 lakh in March, registering a growth of 6.49 per cent over the previous year in March 2024.
– Advertisement –
About Author
