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

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.