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EPFO Interest Rate: The central government has approved an interest rate of 8.25 percent on Employees' Provident Fund (PF) deposits for the financial year 2024-25. This interest rate has been kept the same as the previous financial year. In February, the Employees' Provident Fund Organization (EPFO) announced to retain the interest rate on Employees' Provident Fund deposits at 8.25 percent for FY 2025.

This decision was taken by the Central Board of Trustees of EPFO in a meeting in the national capital. The Finance Ministry has now approved an interest rate of 8.25 percent on employees' PF for FY 2025. According to reliable sources, a notification has also been sent to the retirement fund body by the Ministry of Labor this week.

The interest rate on EPF for 2024-25 will be credited to the accounts of EPFO members. The EPFO had earlier increased the interest rate on EPF for its 7 crore members from 8.15 per cent in 2022-23 to 8.25 per cent in 2023-24.

Meanwhile, the EPFO added 14.58 lakh net members in March and recorded a growth of 1.15 per cent in net payroll addition as compared to March 2024. The PF organization enrolled around 7.54 lakh new subscribers in March 2025, showing a growth of 2.03 per cent as compared to February and 0.98 percent year-on-year as compared to March 2024.

According to the Labour Ministry, the growth in new subscribers can be attributed to increasing employment opportunities, growing awareness about employee benefits, and successful outreach programs of the EPFO. An important aspect of the data is the dominance of the 18-25 age group, as 4.45 lakh new subscribers were added in the 18-25 age group, accounting for 58.94 per cent of the total new subscribers added in March 2025.

Further, the net payroll addition for the 18-25 age group in March was around 6.68 lakh, registering a growth of 6.49 per cent over the previous year in March 2024.

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