EPFO to retain 8.25% interest rate on PF deposits for 2024-25

The interest rate on employees' provident fund (EPF) deposits has remained unchanged at 8.25% for 2024-25, PTI reported. The Employees' Provident Fund Organisation (EPFO), which manages the EPF accounts of over seven crore subscribers, had increased the EPF interest rate from 8.15% in 2022-23 to 8.25% in 2023-24.

EPFO has reportedly set an interest rate of 8.25% on EPF deposits for 2024-25, PTI reported.(HT Photo)

The organisation lowered the interest rate to 8.1% for 2021-22 in March 2022. This was the lowest since 1977-78, when the rate stood at 8%. The interest rate for 2020-21 was 8.5%.