New Delhi
The EPFO ​​has not once again made any changes in the interest rates. According to PTI report, the EPFO ​​board has fixed 8.25 percent interest rate for 2024-25. The impact of this decision will be directly on 7 crore subscribers. Let me tell you, the discussion of the talk was already in full swing that the EPFO ​​board can maintain the interest rates. Sources said that “The EPF interest rate for 2024-25, the highest organization that makes decisions related to EPFO, has fixed the EPF interest rate of 8.25 percent. This decision has been taken at Friday’s meeting. ” The decision of the Central Board of Trustee will now be sent to the Finance Ministry. Which will be the final seal.
The board raised interest rates in 2024
In the month of February last year, the EPFO ​​increased the interest rates. The interest rate was then increased to 8.25 percent. In FY 2022-23, the interest rate was fixed at 8.15 percent by EPFO.
When is the interest rate?
The EPF interest rate was 8.65 percent in 2018-19. 8.5 percent in 2019-20. It declined to 8.10 percent in 2021-22. Let me tell you, in recent years, EPFO ​​gave the highest interest of 8.8 percent interest in 2015-16. At the same time, it was 8.75 percent in 2013-14 and 2014-15. EPFO processed 50.8 MilliV Claim in 2024-25. Which has been Rs 2.05 lakh crore. In 2023-24, the institution processed 44.5 million claims. Which is equal to Rs 1.82 lakh crore. That is, on the annual basis, the claim has increased. Which is a good thing from the perspective of subscribers.