Govt Ratifies Curiosity Fee On PF Deposits At 8.25 Per Cent For FY 2024-25 | Economic system Information
New Delhi: The Centre has ratified the rate of interest on workers’ provident fund (PF) deposits at 8.25% for FY2024-25 — the identical because the earlier fiscal. In February, the Staff’ Provident Fund Organisation (EPFO) introduced to retain the rate of interest on workers’ provident fund deposits at 8.25% for FY25. The choice was taken by the EPFO’s Central Board of Trustees at a gathering within the nationwide capital.
The Ministry of Finance has now cleared the speed of curiosity on workers’ PF at 8.25% for FY25. A notification from the Labour Ministry has additionally been despatched to the retirement fund physique this week, in keeping with dependable sources on Saturday.
The rate of interest on EPF for 2024-25 is ready to be credited into the accounts of the EPFO members. The EPFO had earlier elevated the rate of interest on EPF for its 7 crore members to eight.25% for 2023-24, from 8.15% in 2022-23.
In the meantime, EPFO added 14.58 lakh internet members in March, and a rise of 1.15% in internet payroll additions in comparison with March 2024. The PF organisation enrolled round 7.54 lakh new subscribers in March 2025, representing a 2.03% improve over February and 0.98% (year-over-year) development in comparison with the earlier 12 months in March 2024.
Based on the Labour Ministry, the expansion in new subscribers could be attributed to rising employment alternatives, elevated consciousness of worker advantages, and EPFO’s profitable outreach programmes. A noticeable facet of the info is the dominance of the 18-25 age group, as 4.45 lakh new subscribers had been added within the 18-25 age group, constituting a major 58.94% of the overall new subscribers added in March 2025.
Additional, the web payroll addition for the age group 18-25 for March was roughly 6.68 lakh — reflecting a development of 6.49% from the earlier 12 months in March 2024.
