Big News for EPF Subscribers! Govt Ratifies Interest Rate Of 8.25% On Employees' Provident Fund For FY25

EPF Latest Update: India's retirement fund manager, Employees' Provident Fund Organisation (EPFO) has retained the interest rate on provident fund (PF) deposits at 8.25% for the financial year 2024-25 (FY 24-25), offering continued returns for over 7 crore members across India. The rate, which was increased from 8.15% in the previous year, reflects the EPFO's ongoing efforts to ensure stable earnings for salaried employees.

Latest EPFO Update: 8.25% Rate of Interest on EPF

The central government has approved the interest rate on employees' provident fund (PF) deposits at 8.25% for the financial year 2024-25, maintaining the same rate as the previous year. In February, the EPFO announced that it would retain the PF interest rate at 8.25% for FY25.

Interest Rate on Employee PF Deposits for FY25

The Central Board of Trustees of the EPFO took the decision during a meeting held in the national capital. The Ministry of Finance has now officially sanctioned the 8.25% interest rate on employee PF deposits for FY25. A notification has also been sent to the retirement fund body this week by the Ministry of Labour, according to media reports.

The interest for 2024-25 is set to be credited into the accounts of EPFO members. Earlier, the EPFO had increased the interest rate for its 7 crore members to 8.25% for FY2023-24, up from 8.15% in 2022-23.

Meanwhile, the EPFO recorded 14.58 lakh net additions to its membership in March. This reflects a 1.15% increase in net payroll additions compared to March 2024. The PF body enrolled approximately 7.54 lakh new subscribers during March 2025, representing a 2.03% increase over February and 0.98% year-on-year growth from March 2024.

According to the Ministry of Labour, the rise in new subscribers is attributed to better job opportunities, greater awareness of employee benefits, and the EPFO's outreach programs. One notable trend in the data is the significant share of new subscribers aged 18-25, who made up 4.45 lakh of the new additions in March 2025, accounting for 58.94% of the total.

In addition, the net payroll growth for the 18-25 age group in March stood at around 6.68 lakh, showing a 6.49% increase from the same month in 2024.