The government just approved the Employees’ Provident Fund (EPF) interest rate at 8.25% for the financial year 2024–25. And yes that’s the same high rate as last year. If you’ve been contributing to your PF regularly, this is something worth celebrating.
What Exactly Is the New EPF Interest Rate?
Let’s get straight to it. For FY 2024–25, the government has set the EPF interest rate at 8.25%. This rate is finalized by the Central Government after the recommendation of the Central Board of Trustees (CBT) of EPFO.
Interest Rate for 2024–25: 8.25%
That means more than 7 crore salaried employees across India who regularly deposit part of their paycheck into their PF account are about to see their savings grow a little faster.
Why This 8.25% Rate Matters to You
You may wonder why should I care about this number?
Because this is the money you’re counting on when you retire. Or when there’s a financial emergency. Or when you just need to feel that your future is safe.
Let’s break it down:
- Last year, EPFO earned ₹1.07 lakh crore in interest on ₹13 lakh crore of total deposits.
- In 2022–23, even with a slightly lower interest rate of 8.15%, the earnings were ₹91,151 crore.
This tells you that your money isn’t sitting idle — it’s working for you.
How the EPF Interest Rate Is Decided
Ever wonder who decides this number?
It’s not random. The process goes like this:
- CBT (Central Board of Trustees) reviews the financial performance of EPFO.
- Members of the board include:
- Government officials
- Employee representatives
- Employer associations
- The Finance Ministry gives the final approval.
- Once approved, the rate is notified, and the interest is credited to your PF account, typically in the second half of the financial year.
So yes, it’s a serious process — because it impacts millions like you.
Record-Breaking Auto-Claim Settlements
Here’s more good news. If you ever felt stuck with paperwork when trying to withdraw your PF, you’ll love this:
EPFO has processed 2.16 crore auto-claim settlements till March 6, 2025 — without manual paperwork.
Compare this to last year’s 89.52 lakh claims — that’s a massive jump.
So if you’re ever in urgent need, chances are you’ll get your PF money faster and with fewer hassles than before.
How to Check Your PF Balance (Step-by-Step)
Want to see how much you’ve saved so far? Here are three easy ways:
1. Via Umang App
- Download the Umang App
- Register using your mobile number
- Go to the EPFO Services section
- View your passbook and balance
2. Via EPFO Website
- Visit epfindia.gov.in
- Log in with your UAN and password
- Click on ‘Member Passbook’
- Check your balance
3. Via Missed Call
- Dial 011-22901406 from your registered mobile number
- You’ll get an SMS with your current PF balance
(Make sure your Aadhaar, PAN, and bank details are linked with your UAN)
EPF Interest Rates details
| Financial Year | EPF Interest Rate |
|---|---|
| 2024–25 | 8.25% |
| 2023–24 | 8.25% |
| 2022–23 | 8.15% |
| 2019–20 | 8.5% |
| 2018–19 | 8.65% |
| 2021–22 | 8.1% (Lowest in 4 decades) |
As you can see, the rate has climbed back up after hitting a low. That’s a promising sign for anyone trying to build a nest egg.
FAQs About EPF Interest Rate 2025
Q. Will the interest be deposited automatically in my account?
Yes, once the government notifies the rate officially, it will be credited automatically — usually in the second half of the financial year.
Q. Do I need to apply to get the 8.25% interest?
Not at all. If you’re already contributing to EPF, you’ll get the interest directly.
Q. What if my UAN is not linked with Aadhaar or PAN?
You may face delays in claim processing or balance updates. Always keep your details updated.
Q. Can I increase my PF contribution voluntarily?
Yes. You can opt for Voluntary Provident Fund (VPF) to boost your savings beyond the standard 12%.
Q. Is EPF better than investing in fixed deposits?
EPF offers higher interest rates, tax benefits, and long-term compounding. It’s one of the safest retirement savings tools.
Q. How do I know if the interest has been credited?
Check your passbook via the Umang App or EPFO portal. The credited interest will show as a separate line item.