The Employees’ Provident Fund Organisation (EPFO) has decided to retain the interest rate on provident fund deposits at 8.25% for 2024-25, sources said. 

• In 2024-25, the retirement body processed 50.8 million claims worth Rs 2.05 lakh crore, up from 44.5 million claims totaling Rs 1.82 lakh crore in 2023-24.
• The 8.25% interest rate for 2023-24 was based on Rs 1.07 lakh crore in income, the highest ever, on a Rs 13 lakh crore principal.
• This was an increase from 8.15% in 2022-23, which was declared on an income of Rs 91,151.66 crore on a Rs 11.02 lakh crore principal.