Centre approves 8.25% interest rate on employees' provident fund deposits for FY 2024–25

The central government has approved an 8.25% interest rate on Employees' Provident Fund (EPF) deposits for the fiscal year 2024-25, benefiting over 7 crore salaried employees. This rate, unchanged from the previous year, follows a record income of Rs 1.07 lakh crore. EPFO also reported a significant increase in auto-claims settlements, reaching 2.16 crore as of March 6, 2025.