EPFO credit 8.25% curiosity for FY25 to 97% members forward of traditional schedule – Particulars

In a shock transfer, the Workers’ Provident Fund Organisation (EPFO) has credited the 8.25 per cent rate of interest for the monetary yr 2024-25 to round 97 per cent of their members’ accounts as of July 8. “The method has now been optimised for quicker processing, as a consequence of which the whole train has largely been accomplished in June itself,” Union Labour Minister Mansukh Mandaviya was quoted as saying by reviews. 

Final yr, the method of crediting the curiosity to members’ accounts began within the month of August and was accomplished in December. Contemplating this, it has been credited two to 3 months forward of the schedule. 

Earlier, retirement fund physique EPFO added 19.14 lakh members on a internet foundation in April 2025, in line with the payroll information launched by the Labour Ministry.

This determine depicts a big improve of 31.31 per cent over March 2025 and 1.17 per cent progress over April 2024, the ministry stated in an announcement.

The Workers’ Provident Fund Group (EPFO) enrolled round 8.49 lakh new subscribers in April 2025, representing a 12.49 per cent improve over March 2025.

This improve in new subscribers could be attributed to rising employment alternatives, elevated consciousness of worker advantages, and EPFO’s profitable outreach programmes, it acknowledged.

Based on the information, a noticeable side is the dominance of the 18-25 age group.EPFO added 4.89 lakh new subscribers within the 18-25 age group, constituting a big 57.67 per cent of the whole new subscribers added in April 2025.

New subscribers within the 18-25 age group added within the month present a rise of 10.05 per cent in comparison with the earlier month of March 2025.

The online payroll addition for the age group 18-25 for April 2025 is roughly 7.58 lakh reflecting a rise of 13.60 per cent from the earlier month in March 2025.

With PTI inputs