Fri Feb 28 07:00:00 UTC 2025: ## EPFO Maintains EPF Interest Rate at 8.25% for 2024-25
**NEW DELHI** – The Employees’ Provident Fund Organisation (EPFO) has announced that it will maintain the interest rate on employee provident fund (EPF) deposits at 8.25% for the financial year 2024-25. This decision comes despite recent repo rate cuts by the Reserve Bank of India (RBI), which had led to speculation of a potential reduction in EPF interest rates.
The interest rate for 2023-24 was 8.25%, a slight increase from the 8.15% offered in 2022-23. However, the rate had dropped to a four-decade low of 8.1% in FY 2021-22, before a slight uptick in 2022-23. The 8.25% rate for 2024-25 remains unchanged from the previous year, defying expectations of a further reduction.
The EPFO’s Central Board of Trustees (CBT) approved the interest rate on Friday. The decision will now be sent to the Ministry of Finance for approval before being credited to the accounts of over 70 million EPFO subscribers. The highest interest rate ever offered by EPFO was 12% in 1992-93.
The EPFO also reported a significant increase in claim settlements. In 2024-25, 50.8 million claims totaling ₹2.05 lakh crore were settled, exceeding the 44.5 million claims and ₹1.82 lakh crore settled in 2023-24.
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