Latest EPFO interest charge: How much are you likely to earn on staff’ provident fund deposit in 2024-25? Check here

The interest charge noticed a major discount in March 2022, when it was lowered to 8.1 per cent for 2021-22.

EPFO interest charge FY 2024-25: The EPFO has maintained an interest charge of 8.25 per cent on EPF (Employees’ Provident Fund) deposits for 2024-25. Previously, in February 2024, the organisation had barely elevated the speed to 8.25 per cent for 2023-24, up from 8.15 per cent in 2022-23.
The interest charge noticed a major discount in March 2022, when it was lowered to 8.1 per cent for 2021-22, marking the bottom charge in over 4 many years for its greater than seven crore subscribers, in contrast to 8.5 per cent in 2020-21. This 8.10 per cent charge was the bottom since 1977-78, when it stood at 8 per cent.
A supply advised PTI that the Central Board of Trustees (CBT), EPFO’s highest decision-making physique, confirmed the 8.25 per cent interest charge for 2024-25 throughout Friday’s assembly. The CBT had beforehand set the 8.5 per cent charge for 2020-21 in March 2021.
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The newly determined charge for 2024-25 requires approval from the Ministry of Finance. Following governmental ratification, the interest shall be credited to the accounts of EPFO’s over seven crore subscribers. The organisation can solely implement the interest charge after receiving the finance ministry’s approval.
In March 2020, the speed was decreased to 8.5 per cent for 2019-20, down from 8.65 per cent in 2018-19. The organisation had supplied 8.65 per cent in 2016-17 and eight.55 per cent in 2017-18.
The interest charges in earlier years have been marginally greater, with 8.8 per cent in 2015-16 and eight.75 per cent in each 2013-14 and 2014-15, exceeding the 8.5 per cent charge of 2012-13. For 2011-12, the interest charge stood at 8.25 per cent.