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EPFO: Gove...
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Bloomberg Quint

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Image Credit: Bloomberg Quint

EPFO: Government Ratifies Interest Rate At 8.25% For FY25

  • 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.

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