Government Ratifies Employees’ Provident Fund Interest Rate at 8.25% for FY25

Government ratifies employees’ provident fund interest rate at 8.25% for FY25

This decision was taken at the 237th meeting of the Central Board of Trustees of the EPFO, chaired by Union Minister for Labour & Employment Mansukh Mandaviya on February 28

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.

The decision on the interest rate was taken at the 237th meeting of the Central Board of Trustees of the EPFO chaired by Union Labour and Employment Minister Mansukh Mandaviya in New Delhi on February 28. In February 2024, the EPFO had marginally increased the interest rate to 8.25 per cent for 2023-24 from 8.15 per cent in 2022-23.

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.

Centre approves 8.25% interest rate on 'Provident Fund' for FY 2024–25

New Delhi, May 24:  The government of India has ratified an interest rate of 8.25% on Employees’ Provident Fund (EPF) deposits for the financial year 2024–25, according to an official announcement on Saturday.The rate, which was earlier recommended by the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO), is set to benefit over 7 crore salaried employees across India. It matches the interest rate offered for th…