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New Delhi: The Centre has ratified the rate of interest on workers’ provident fund (PF) deposits at 8.25% for FY2024-25 — the similar as the former fiscal. In February, the Employees’ Provident Fund Organisation (EPFO) introduced to retain the rate of interest on workers’ provident fund deposits at 8.25% for FY25. The determination was once taken through the EPFO’s Central Board of Trustees at a gathering within the nationwide capital.
The Ministry of Finance has now cleared the interest rate on workers’ PF at 8.25% for FY25. A notification from the Labour Ministry has additionally been despatched to the retirement fund frame this week, in step with dependable assets on Saturday.
The rate of interest on EPF for 2024-25 is about to be credited into the accounts of the EPFO participants. The EPFO had previous larger the rate of interest on EPF for its 7 crore participants to 8.25% for 2023-24, from 8.15% in 2022-23.
Meanwhile, EPFO added 14.58 lakh web participants in March, and an build up of 1.15% in web payroll additions in comparison to March 2024. The PF organisation enrolled round 7.54 lakh new subscribers in March 2025, representing a 2.03% build up over February and 0.98% (year-over-year) enlargement in comparison to the former 12 months in March 2024.
According to the Labour Ministry, the expansion in new subscribers can also be attributed to rising employment alternatives, larger consciousness of worker advantages, and EPFO’s a success outreach programmes. A noticeable facet of the knowledge is the dominance of the 18-25 age crew, as 4.45 lakh new subscribers have been added within the 18-25 age crew, constituting a vital 58.94% of the whole new subscribers added in March 2025.
Further, the online payroll addition for the age crew 18-25 for March was once roughly 6.68 lakh — reflecting a enlargement of 6.49% from the former 12 months in March 2024.
