Centre approves 8.25% interest rate on EPF deposits for FY 2024-25

The Centre has approved 8.25 percent interest rate on Employees’ Provident Fund (EPF) deposits for the financial year 2024-25. This will benefit over 7 crore salaried employees across India. This rate was recommended earlier this year by the Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO). The approved rate remains unchanged from 2023-24 fiscal, while it was 8.15 percent in 2022-23. The EPFO has also made significant operational strides, achieving a record 2.16 crore auto-claims settlements as of March 6, 2025, in the last financial year – up from 89.52 lakh in 2023-24.