The decision was taken at the 239th meeting of the Central Board of Trustees (CBT), the EPFO’s highest decision-making body. Labor and Employment Minister Mansukh Mandaviya chaired the meeting today.
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PF Interest Rate: The Employees’ Provident Fund Organisation (EPFO) on Monday fixed the interest rate on EPF deposits at 8.25 per cent for the financial year 2025-26. This is the second consecutive year when the interest rate has remained unchanged, a source said. In February last year, the EPFO had retained the interest rate at 8.25 per cent for the financial year 2024-25. The Employees’ Provident Fund Organisation had marginally increased the interest rate in 2024 to 8.25 per cent for 2023-24, from 8.15 per cent in 2022-23. In March 2022, the EPFO had reduced the interest rate on post-retirement deposits for its over 7 crore subscribers to a more than four-decade low of 8.10 per cent for 2021-22, from 8.5 per cent in 2020-21.
Interest will be credited to accounts after government approval.
The rate of 8.10 percent for the 2020-21 financial year was the lowest since 1977-78, when the rate was 8.0 percent. Sources said, “The Central Board of Trustees (CBT), the highest decision-making body of the EPFO, in its meeting on Monday decided to provide an interest rate of 8.25 percent on Employees’ Provident Fund (EPF) for 2025-26.” Following the CBT’s decision, the interest rate on EPF deposits for 2025-26 will be sent to the Finance Ministry for approval. After government approval, the interest for 2025-26 will be credited to the accounts of over 7 crore EPFO subscribers.
8.75 percent interest rate in 2013-15
The EPFO provides interest rates after government approval through the Ministry of Finance. The Employees’ Provident Fund Organization reduced the interest rate on provident fund deposits for 2019-20 to 8.5 percent, the lowest in seven years, from 8.65 percent set for 2018-19. The EPFO provided its subscribers with an interest rate of 8.65 percent in 2016-17 and 8.55 percent in 2017-18. The interest rate in 2015-16 was slightly higher at 8.8 percent. In both 2013-14 and 2014-15, the interest rate was 8.75 percent, higher than the 8.5 percent rate in 2012-13. In 2011-12, the interest rate was 8.25 percent.
