Latest EPFO interest rate: The EPFO might maintain the provident fund deposits interest rate for 2024-25 near the previous year’s 8.25% when its central board of trustees (CBT) gathers on February 28, according to informed sources.
For 2023-24, EPFO provided 8.25% interest on ₹1,07,000 crore income, marking its highest return, based on a principal sum of approximately ₹13 lakh crore. This was an increase from the 8.15% offered in 2022-23 on an income of ₹91,151.66 crore from a principal of ₹11.02 lakh crore.
According to an ET report, the finance ministry must approve the interest rate suggested by EPFO and endorsed by CBT before it can be officially announced and credited to subscribers’ accounts, typically in the latter half of the following year.

EPFO Interest Years Over the Years

The CBT, EPFO’s supreme decision-making entity, is headed by the labour and employment minister and includes representatives from employers, employees, state governments, and senior officials from the labour ministry and EPFO.
Prior to determining a suitable interest rate, EPFO’s investment and accounts committees will convene next week to evaluate the organisation’s financial performance. The aim is to ensure sufficient surplus funds for contingencies.
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Despite increased returns on investments and subscriber growth this year, there has been a notable rise in claim settlements, according to an official. Statistics indicate that the EPFO has handled over 50.8 million claims totalling ₹2.05 lakh crore in 2024-25, up from 44.5 million claims worth ₹1.82 lakh crore in 2023-24.
“The committees concerned are working out the details and are expected to propose such a rate that will be on a par with previous years,” the official said.
The organisation currently serves more than 65 million subscribers.