Centre approves 8.25% rate of interest on staff’ provident fund deposits for FY 2024–25

The central authorities has accredited an rate of interest of 8.25 per cent on Staff’ Provident Fund (EPF) deposits for the fiscal 12 months 2024–25, an official confirmed to PTI on Saturday.This charge was really helpful earlier this 12 months by the Central Board of Trustees of the Staff’ Provident Fund Organisation (EPFO). The choice is anticipated to profit over 7 crore salaried staff throughout India.The accredited charge stays unchanged from 2023–24, when EPFO credited 8.25 per cent based mostly on an all-time excessive revenue of Rs 1.07 lakh crore earned on a principal corpus of Rs 13 lakh crore. As compared, the rate of interest for 2022–23 was 8.15 per cent, declared on an revenue of Rs 91,151.66 crore from a principal base of Rs 11.02 lakh crore.EPFO has additionally made important operational strides, reaching a report 2.16 crore auto-claims settlements as of March 6, 2025, within the present monetary 12 months—up from 89.52 lakh in 2023–24.The EPF rate of interest is proposed annually by the EPFO’s Central Board of Trustees (CBT), which contains representatives from staff, employers, state governments, and the Ministry of Labour. The proposal requires closing approval from the Ministry of Finance earlier than the speed is notified and credited to members, usually within the latter half of the monetary 12 months.Over the past decade, EPF rates of interest have tracked broader financial actions. The speed stood at 8.65% in 2018–19, 8.5% in 2019–20, and dipped to eight.1% in 2021–22—the bottom in additional than 40 years—earlier than being elevated within the final two fiscal years.Learn how to examine your EPF steadiness:By way of UMANG App: Obtain the UMANG app, register utilizing your cellular quantity, and entry the EPFO providers part to view your steadiness and passbook.By way of EPFO Portal: Go to www.epfindia.gov.in, log in utilizing your Common Account Quantity (UAN) and password below the ‘Member Passbook’ part.By way of Missed Name: Give a missed name to 011-22901406 out of your UAN-registered cellular quantity. Guarantee your Aadhaar, PAN, and checking account particulars are up to date and linked to your UAN.