New Delhi, Feb. 28 -- The Central Board of Trustees (CBT) recommended an 8.25 per cent annual rate of interest to be credited on Employees' Provident Fund (EPF) accumulations in members' accounts for the financial year 2024-25.

According to an official release, the Government of India will officially notify the interest rate, following which EPFO will credit the rate of interest into the subscribers' accounts.

Union Minister Mansukh Mandaviya chaired the 237th meeting of the Central Board of Trustees (CBT), EPF, in New Delhi on Friday.

Compared to many other fixed-income instruments, the Employees' Provident Fund (EPF) offers relatively high and stable returns, ensuring steady growth of savings. The interest earned on EPF deposits is t...