Government approves 8.25 percent interest rate on PF deposit for FY 2024-25

New -Delhi, May 24 (IANS). The center approved 8.25 percent interest rate on the deposit of the Employee President Fund (PF) for FY 2024-25. This interest rate was held the same as the previous financial year. In February, the Employee Provision Organization (EPFO) announced to retain the interest rate on the deposit of the employee pre -care fund at 8.25 percent for the financial year 2025. The decision was made by the Central Council of EPFO ​​trustee at a meeting in the national capital. The Ministry of Finance has now approved 8.25 percent interest rate on the PF of employees for FY 2025. According to reliable sources, a notice was also sent to the retirement fund by the Ministry of Labor this week. The interest rate on EPF for 2024-25 is deposited in the accounts of EPFO ​​members. The EPFO ​​earlier raised the interest rate on EPF for its 7 Crore members from 8.15 percent to 2023-24 in 2022-23 to 8.25 percent. Meanwhile, in March, EPFO ​​added 14.58 Lakh net members and an increase of 1.15 percent in the net payroll expense compared to March 2024. PF organization nominated approximately 7.54 lakh -new customers in March 2025, showing that 2.03 percent increases compared to February and 0.98 percent growth. According to the Ministry of Labor, the credit for the growth of new clients can be credited to increasing jobs, increasing the awareness of EPFO ​​employee benefits and successful outreach programs. An important aspect of data is dominated by the age group of 18-25, as 4.45 Lakh new customers have been added to the 18-25 age group, which is 58.94 percent of the total new customers in March 2025. In addition, the net payroll edition for the age group of 18-25 in March was about 6.68 lakhs, with an increase of 6.49 percent in March 2024, as it was in the previous year. -Ians SKT/ABM shares this story -tags