Big news related to EPFO, 7 crore employees will get direct benefit

If you are a salaried person and PF is deducted from your salary every month, then there is good news for you. The government has approved 8.25 percent interest rate on EPFO for the financial year 2024-25. That is, this year also you will get the same interest as you got last year and that too without any deduction.

After the approval of the government, now the interest will come in the account

EPFO (Employees Provident Fund Organization) had decided on 28 February 2024 itself that this year also the interest rate will remain 8.25 percent. After this, this proposal was sent to the Finance Ministry. Now the Finance Ministry has also given its consent to this. That is, now soon this interest amount will be credited to the PF accounts of more than 7 crore account holders across the country.

More than 7 crore people will be benefited

According to the Ministry of Labor, this decision was taken in the 237th meeting of the EPFO, which was chaired by Union Labor and Employment Minister Mansukh Mandaviya. This interest rate is considered to be much better than other fixed-income options in the market. Especially for those who look for safe investments for post-retirement.

How has been the track record of EPF interest rates?

In February 2024, the EPFO had reduced the interest rate to 8.25 percent for the financial year 2023-24, which was 8.15 percent in 2022-23. But if we go back a little, then in the year 2021-22 this rate had come down to 8.10 percent, which was the lowest since 1977-78. At that time it was the lowest level in almost four decades.

14.6 lakh new members joined EPFO in March

Not only interest, the network of EPFO is also growing continuously. In March 2025, 14.6 lakh new members joined EPFO, out of which more than half of the people came to the PF scheme for the first time. Not only this, due to the activism and awareness campaign of EPFO, new joinings have increased by 2.03 percent month-on-month and 0.98 percent year-on-year.

So is EPF still the best investment?

EPF i.e. Employee Provident Fund not only saves tax, but also gives good returns in the long run, that too without risk. At a time when other fixed deposits and savings schemes are going down, EPF's interest rate of 8.25 percent is still considered quite attractive.