Employees' Provident Fund - Business Outrank

The Employees' Provident Fund Organisation (EPFO) announced the official 8.25% interest rate for the employees' provident fund (EPF) during the financial year 2024-25 (FY25). The approval of this interest rate for FY25 will result in financial benefits for the more than 7 crore EPF subscribers who hold retirement savings accounts. The EPFO Central Board of Trustees led by Union Labour Minister Mansukh Mandaviya announced the 8.25% interest rate at their 237th meeting on February 28, 2025. The Ministry of Finance provided its last endorsement of the recommendation through the labour ministry officials. The interest rate for FY24 stands at 8.25% which provides better returns than standard fixed-income investments available in the market. The decision establishes EPF as a reliable retirement savings tool that offers protection alongside financial security and extended growth opportunities. The interest rate has experienced minor changes during past years. The interest rate reached 8.15% during 2022-23 before decreasing to 8.10% in 2021-22 which became the lowest rate since 1977-78 when it was 8%. The present interest rate enables EPFO to reach financial stability while fulfilling investor expectations. The government shows its dedication to salaried employees through improved returns on their employees' provident fund contributions which boosts confidence in the EPF system.

What's Hot

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

Virus Susceptibility in Species: Study Reveals Surprising Findings

Effective Yoga Poses to Naturally Manage Blood Sugar Levels

Health Budgets Of States Fall Below 8%, Missing National Health Policy Targets

Priyanka Chopra’s Stunning Desi Look Steals the Spotlight at Her Brother’s Wedding Festivities

Jana Nayagan: Vijay Wields a Whip in Stunning 2nd Look Poster, Thrilling Fans

Assam’s Jatin Goswami Honored with Padma Bhushan for Sattriya Legacy

Vijay Vikram Singh Urgently Appeals for Respect Amidst Intense Backlash from Rajat Dalal Fans: ‘I Am Not Bigg Boss

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Indian government approves Singapore Airlines bid to merge Vistara and Air India

Independence Day and Raksha Bandhan Fuel Airbnb Travel Rush

Virus Susceptibility in Species: Study Reveals Surprising Findings

Hindon: Incredible Air India Express Flights to Start from March 1 with Low Fares

Bachchan’s ₹83 Crore Duplex Sale Sparks Unbelievable Investment Growth

Kartik Aaryan’s Fitness Secret: How He Achieved a Stunning Transformation

Browsing: Employees’ Provident Fund

Employees’ Provident Fund Interest Rate Ratified at 8.25% for FY25

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

A Joyous Union Celebrated by the Upadhyay Family

Our Picks

Meesho Faces Big Spotlight as It Allocates ₹480 Crore for AI and Tech Salaries

Why ACL Reconstructions Fail: Dr Ashwani Maichand Elaborates on Key Causes of ACL Repair Failure and How to Avoid Them

A Bold New Shift in Customer Data Sharing

Most Popular

How to optimise instagram account to increase more followers

Maruti Suzuki Company expanded the SUV lineup with a new mid-size model Victoris.

US House passes bill to ban TikTok

Subscribe to Updates

What's Hot

Browsing: Employees’ Provident Fund