The government has ratified the rate of interest on employees' provident fund at 8.25% for FY25, benefiting over 7 crore subscribers.
EPFO decided to retain the interest rate of 8.25% for FY24-25, same as the previous fiscal, which was approved by the Ministry of Finance.
The decision on interest rate was made at the 237th meeting of the central board of trustees of the EPFO chaired by Union Minister for Labour & Employment Mansukh Mandaviya.
EPF offers higher and stable returns compared to other fixed-income instruments, ensuring steady growth on post-retirement savings.