Government hiked interest rate EPF annual interest rate to 8.25% for FY 2024-25.
The Union Finance Ministry has approved the proposal to increase the EPF annual interest rate to 8.25% from 8.15%.
The rate revision decision will benefit millions of EPF members across the country.
Employees Provident Fund Organization (EPFO) has also informed that the revised EPF interest rates have been disbursed to retiring members as part of their final PF settlements.
The rate of interest for EPF members is not declared quarterly.
EPFO has also informed that 23,04,516 claims have been settled by disbursing an amount of Rs. 9260,40,35,488 to the members.
Employees’ Provident Fund Organization (EPFO) is responsible for the regulation and management of provident funds in India.
On October 1, 2014, the Government of India launched a Universal Account Number for employees covered by EPFO.
