EPFO's Central Board recommends 8.25% interest on EPF for 2024-25
The Central Board of Trustees of EPF, chaired by Labour Minister Mansukh Mandaviya, recommended an 8.25% interest rate on EPF accumulations for 2024-25 at its 237th meeting in New Delhi on 28 February 2025.
Summary
The Central Board of Trustees (CBT) of EPF held its 237th meeting in New Delhi on 28 February 2025 under the chairmanship of Union Labour and Employment Minister Dr Mansukh Mandaviya. It recommended an annual interest rate of 8.25% on EPF accumulations for 2024-25, which will be credited after the Government notifies it. Minister of State Shobha Karandlaje is Vice-Chairperson, and Central PF Commissioner Ramesh Krishnamurthi is Member Secretary. The Board also approved changes to the Employees' Deposit Linked Insurance (EDLI) Scheme to give more support to members' families.
Key facts
- Date
- 28 February 2025, New Delhi
- Meeting
- 237th CBT, EPF
- Chair
- Dr Mansukh Mandaviya
- Rate recommended
- 8.25% for 2024-25
- Also
- EDLI Scheme modifications
Practice MCQs 2 questions
What rate of interest on EPF accumulations for 2024-25 did EPFO's Central Board of Trustees recommend on 28 February 2025?
Show answer
Correct answer: C — 8.25%
The CBT recommended 8.25% for 2024-25; it is credited after the Government notifies the rate.
Who chairs the Central Board of Trustees of EPF, as at its 237th meeting on 28 February 2025?
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Correct answer: B — Union Minister for Labour and Employment
The CBT is chaired by the Union Labour and Employment Minister (Dr Mansukh Mandaviya); the Central PF Commissioner is Member Secretary.