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The government has given consent to keeping 8.25 per cent rate of interest on employees’ provident fund (EPF) for FY25, Labour Ministry officials said. This will enable the EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers.
Nearly three months ago, the 237th meeting of the central board of trustees of the EPFO, chaired by Union Minister for Labour & Employment Mansukh Mandaviya, decided to retain the interest rate of 8.25 per cent on EPF deposits for the FY25.
“Ministry of Finance has given concurrence to 8.25 per cent rate of interest on the EPF for 2024-25 fiscal year and labour ministry sent a communication regarding this to the EPFO on Thursday,” the labour ministry official stated.
Though the EPF interest remained uncharged, it is still higher and stable if compared to many other fixed-income instruments, ensuring steady growth on post-retirement savings.
The EPFO, in February 2024, increased the interest rate marginally to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23.
Published on May 24, 2025
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