Brief by Shorts91NewsDesk / 07:43am on 28 Feb 2025,Friday Business
The Employees' Provident Fund Organisation (EPFO) has retained the interest rate on provident fund deposits at 8.25% for 2024-25, as confirmed by sources. This rate was increased from 8.15% for 2023-24, reversing a decrease to 8.1% in 2022-23, the lowest in over 40 years. The Central Board of Trustees (CBT) has proposed this rate, which now awaits approval from the Finance Ministry. Once approved, over 7 crore EPFO subscribers will see the updated rate credited to their accounts. The EPFO interest rate has varied over the years, reflecting broader economic conditions.
