Current Affairs - Economy - Discussion

The Indian government has retained the interest rate on Employees' Provident Fund (EPF) deposits at 8.25% for FY2024-25, as approved by the Ministry of Finance following the Central Board of Trustees’ recommendation. This rate matches the previous year’s rate, ensuring steady returns for over 7 crore EPFO subscribers. EPF is a mandatory retirement savings scheme where both employee and employer contribute 12% of the basic salary. Maintaining this attractive interest rate supports financial security for salaried employees and sustains confidence in EPF as a reliable long-term investment.