The Ministry of Labour & Employment, Government of India, has officially approved the rate of interest on Employees’ Provident Fund (EPF) accumulations at 8.25% for the financial year 2024-25. This announcement was made following the recommendation by the Central Board of Trustees (CBT), EPFO, and was formalized through a notification issued on May 24, 2025.
This upward revision from 8.15% in FY 2023-24 reflects a positive move toward strengthening the social security net for millions of salaried employees across the country. The interest will be credited to the accounts of EPF members for the year ending March 31, 2025.
Historical Trend of EPF Interest Rates in India
To understand the significance of the 8.25% interest rate, it’s helpful to look at the trends over the past two decades:
| Financial Year | EPF Interest Rate (%) | Change from Previous Year |
| 2024-25 | 8.25% | Increase (+0.10%) |
| 2023-24 | 8.15% | Increase (+0.05%) |
| 2022-23 | 8.10% | Decrease (-0.40%) |
| 2020-21 | 8.50% | Decrease (-0.15%) |
| 2019-20 | 8.65% | Decrease (-0.10%) |
| 2018-19 | 8.75% | Increase (+0.10%) |
| 2017-18 | 8.65% | Decrease (-0.10%) |
| 2016-17 | 8.75% | Decrease (-0.05%) |
| 2015-16 | 8.80% | Increase (+0.05%) |
| 2014-15 | 8.75% | Increase (+0.05%) |
| 2013-14 | 8.70% | Increase (+0.25%) |
| 2012-13 | 8.50% | Decrease (-0.25%) |
| 2011-12 | 8.75% | Increase (+1.25%) |
| 2010-11 | 9.50% | Increase (+1.00%) |
| 2006-07 | 8.50% | Decrease (-0.50%) |
| 2005-06 | 9.00% | No Change |
What This Means for Employees
- Higher Retirement Corpus: A rate of 8.25% ensures better returns on long-term savings.
- Boost to Employee Morale: Reinforces trust in the EPF scheme as a reliable retirement planning tool.
- Compliance Focus: Employers must ensure timely remittance and accurate reporting to help employees fully benefit from this rate.
Official Notification Snapshot
As per the EPFO notification dated May 24, 2025:
“…The Ministry of Labour and Employment, Government of India, conveys the approval for crediting the interest at 8.25% on EPF accumulations for FY 2024-25 to the account of each member of the EPF Scheme.“
About EPF
The Employees’ Provident Fund (EPF) is a government-backed retirement savings scheme regulated by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment. It plays a pivotal role in securing the post-retirement future of millions of Indian workers.
✅ Stay Compliant, Stay Ahead
Employers and HR professionals must take note of the revised rate and ensure all statutory filings and remittances are made accurately and in a timely manner to comply with EPFO regulations.
