(C): Twitter
The Employees’ Provident Fund Organisation (EPFO) has issued interest on employees’ Provident Fund (PF) accounts for the financial year 2024-2025. The interest rate has remained static from last year indicating that the government is keeping faith in employee savings. The Ministry of Labour passed on the update of interest to the PF accounts as over 95% of EPF accounts have been credited the interest amount.
The EPFO has credited 8.25% interest to eligible accounts. If you are a member of EPF the interest has been credited or will be reflected soon depending on your employer’s updating cycle.
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Interest is credited on an annual basis and monitoring your balance ensures that the savings for your retirement are achieving growth. Also, demands for increasing the minimum pension payment to INR 7,500 per month are retained by the government.
Be sure to stay updated and continually check your EPF balance to be in control of your savings.
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