US EditionEPFO Ratifies Interest Rate at 8.25% on Employees Provident Fund Deposits for FY25
- The government has approved an annual interest of 8.25% on EPF deposits for the financial year 2024-25.
- This decision follows the EPFO's recommendation at the 237th Central Board of Trustees meeting held on February 28, 2024, chaired by Union Minister Mansukh Mandaviya.
- The approved interest rate of 8.25%, consistent with the previous year’s figure, will be credited to the EPF balances of more than 70 million members, marking an improvement from the 8.1% rate in 2022-23.
- A labour ministry official stated that the Finance Ministry has approved the interest rate, which will offer subscribers a reliable return and a secure option for long-term savings.
- This ratification supports steady growth in retirement savings and sustains confidence among salaried workers relying on the EPF as a key retirement fund.
19 Articles
19 Articles
Govt Ratifies Interest Rate of 8.25% on Employees' Provident Fund for Fiscal 2024-25
Get latest articles and stories on Business at LatestLY. The Union Government has ratified an interest rate of 8.25 per cent on the employees' provident fund for the financial year (FY) 2024-25. Business News | Govt Ratifies Interest Rate of 8.25% on Employees' Provident Fund for Fiscal 2024-25.
Centre approves 8.25 per cent EPF interest rate for FY25, benefiting 7 crore subscribers
The government has officially ratified an 8.25% interest rate on the Employees' Provident Fund (EPF) for the financial year 2024-25, providing a significant boost to the post-retirement savings of over 7 crore subscribers. The decision, made by the Ministry of Labour and Employment, allows the Employees' Provident Fund Organisation (EPFO) to proceed with crediting the interest accumulation into the accounts of its subscribers. Earlier, in Februa…
Provident Fund Body EPFO Retains 8.25% Interest For FY25
The government has ratified the rate of interest on employees' provident fund at 8.25 per cent for FY25, enabling retirement fund body EPFO to deposit the annual interest accumulation in the post-retirement funds of over 7 crore subscribers.
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