Immunity photo
Creative Commons licenses
EPFO retained 8.25 percent interest rate on EPF deposits for 2024-25. The Employees Provident Fund Organization (EPFO) increased the interest rate on EPF from 8.15 percent to 2023-24 in February 2024 to 8.25 percent in 2022-23. EPF was 8.10 percent interest rate for 2020-21.
New Delhi. Retirement Fund Body Employees Provident Fund Organization (EPFO) retained 8.25 percent interest rate on EPF deposits for 2024-25. The Employees Provident Fund Organization (EPFO) increased the interest rate on EPF from 8.15 percent to 2023-24 in February 2024 to 8.25 percent in 2022-23. The EPFO ​​had brought interest on EPF to 8.1 decades to 8.1 percent for 2021-22 for its more than seven crore customers in March 2022, which was 8.5 percent in 2020–21.
EPF was 8.10 percent interest rate for 2020-21. This is the lowest since 1977–78, when the EPF interest rate was eight percent. A source said, “The Central Board of Trustee (CBT), the Supreme Decision of EPFO, has decided to pay 8.25 percent interest on EPF for 2024-25 on Friday.”
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. After the approval of the government, the interest rate on EPF for 2024-25 will be deposited in the accounts of more than seven crore customers of EPFO. The EPFO ​​provides interest rate only after approval by the government through the Ministry of Finance.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
Other news
