Employees' Provident Fund Organisation Set to Credit 8.25% Interest Soon, Awaiting Govt Nod

This year, Employees' Provident Fund Organization (EPFO) will deposit the interest amount for the current fiscal year in the accounts of EPF holders soon.

In this process, EPFO will start crediting the 8.25% interest rate for the FY25-26 period from the month of April and complete it by May-June months.

However, EPF is now awaiting the approval of the Finance Ministry for crediting the interest rate of the previous financial year. Jagran Sources in the Labor Ministry confirmed that a notification will be issued as soon as the Finance Ministry approves the 8.25 percent interest rate set by the EPFO ​​Board of Trustees.

Following that notification, EPFO will begin depositing the interest rate. According to reports, the Finance Ministry will approve the proposal submitted by the EPFO Board of Trustees regarding the interest rate within the first fortnight of April.

Jagran Sources stated that Labor Minister Mansukh Mandaviya has specifically directed the EPFO ​​to deposit interest amounts into account holders' accounts as soon as possible on a priority basis, and has set a target of completing this by May-June.

In light of this, the EPFO ​​has already made preparations to deposit interest into over 70 million accounts. It is worth noting that on March 2nd, the EPFO's Board of Trustees approved a proposal to maintain the 8.25 percent interest rate for the year 2025-26, without making any changes to the EPF interest rate.

The Ministry of Labor agreed to this and forwarded it to the Finance Ministry, which is still awaiting its approval. However, the Finance Ministry usually approves decisions made by the Board of Trustees because the interest rate is paid from EPFO's income, and the Finance Ministry does not have to bear the financial burden.