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- EPFO decided to retain the interest rate on provident fund deposits at 8.25%.
- For 2024-25, the Employees’ Provident Fund Organisation (EPFO) has decided to keep the interest rate on provident fund deposits at 8.25%.
- In 2024-25, EPFO processed 50.8 million claims worth Rs 2.05 lakh crore.
- The 8.25% interest rate for 2023-24 was based on Rs 1.07 lakh crore in income.
- EPF interest rates have seen fluctuations, with 8.65% in 2018-19, 8.5% in 2019-20, and 8.1% in 2021-22.
- In 2021-22, the interest rate was lowered to 8.1%, which was the lowest in the last 40 years.
- EPFO’s Central Board of Trustees (CBT) includes representatives from employers, employees, state governments, labour ministry officials, etc.
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