Retirement fund body EPFO on Friday retained an interest rate of 8.25 per cent on employees’ provident fund (EPF) deposits for 2024-25. EPFO provides the rate of interest only after it is ratified by government through finance ministry. In February 2024, the Employees’ Provident Fund Organisation (EPFO) had increased the interest rate on EPF marginally to 8. 25 per cent for 2023-24, from 8.15 per cent in 2022-23. In March 2022, EPFO had lowered the interest onEPF for 2021-22 to an over four-decade low of8.1 per cent. The 8.10 per cent rate ofinterest on EPf for 2020-21 was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent, a source said. The retirement fund body had given 8.75 per cent interest in 2013-14 as well as 2014-15, higher than 8.5% for 2012-13.
