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No change in the interest rate of EPFO, only 8.25% will be benefited on money deposited in account – India tv hindi

by Aaryan Srivastav
February 28, 2025
No change in the interest rate of EPFO, only 8.25% will be benefited on money deposited in account - India tv hindi

Photo: PTI After getting the government’s approval, interest money will come to the account

The EPFO ​​(Employees Provident Fund Organization) has decided to maintain an interest rate of 8.25 percent on the Employees Provident Fund (EPF) deposit for FY 2024-25 on Friday. In February 2024, EPFO ​​increased the interest rate on EPF from 8.15 percent to 8.25 percent in FY 2022-23 to 8.25 percent for FY 2023-24. The EPFO ​​had brought interest on EPF to 8.1 percent at 8.1 percent for the financial year 2021-22 for more than seven crore members in March 2022, which was 8.5 percent in FY 2020-21.

EPF interest rate was 8.10 percent for 2020-21

EPF was 8.10 percent interest rate for FY 2020-21. This is the lowest since 1977–78, when the EPF interest rate was 8 percent. A source said, “The Central Board of Trustee (CBT), the highest decision-making organization of EPFO, has decided to pay 8.25 percent interest on EPF for FY 2024-25 on Friday.”

After getting the government’s approval, interest money will come to the account

The 8.5 percent interest rate on EPF deposit for FY 2020-21 was decided by CBT in March 2021. Following the CBT decision, the interest rate on EPF deposit for 2024-25 will be sent to the Finance Ministry for consent. Following the government’s approval, the interest rate on EPF for 2024-25 will be deposited in the accounts of more than seven crore members of EPFO. The EPFO ​​provides interest rate only after approval by the government through the Ministry of Finance.

In December 2024, EPFO ​​pairs 16.05 lakh new members

Let us tell you that EPFO ​​has pure 16.05 lakh new members in December 2024. This is 9.69 percent higher than November 2024. This information was received from EPFO ​​data about employees on regular salary. The increase in the number of people joining EPFOs means that jobs have increased in the organized sector. The Labor Ministry said in a statement that the number of people at regular salary is 2.74 percent more than December 2023.

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