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India


Central Board recommends 8.25% Interest on EPF for FY 2024-25

Central Board recommends 8.25% Interest on EPF for FY 2024-25

New Delhi, Feb 28 (UNI) The Government has retained 8.25 rate of interest on Employees Provident Fund (EPF) for the financial year 2024-25.
“The Central Board of Trustees (CBT), EPF, recommended 8.25% annual rate of interest to be credited on EPF accumulations in members’ accounts for the financial year 2024-25. The interest rate would be officially notified by the Government of India, following which EPFO would credit the rate of interest into the subscribers’ accounts,” Ministry of Labour & Employment said in a statement after the meeting of the CBT.
The meeting was chaired by Union Minister for Labour & Employment and Youth Affairs & Sports, Dr. Mansukh Mandaviya.

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