The Government of India has approved an 8.25% interest rate on Employees’ Provident Fund (EPF) deposits for the financial year 2024-25. This decision marks a slight decrease from the previous year’s rate and aims to balance the interests of employees while ensuring the sustainability of the EPF corpus.

Key Points:

1. The approved interest rate of 8.25% for FY 2024-25 is marginally lower than the 8.15% rate for FY 2023-24.
2. The decision was made by the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO).
3. The revised rate applies to all EPF subscribers across India, affecting millions of employees and employers.
4. The change reflects current economic conditions, inflation trends, and investment returns on EPF funds.
5. EPFO continues to ensure the safety and steady growth of retirement savings while maintaining fund stability.