New Delhi, Feb. 28 -- The Employees' Provident Fund Organisation (EPFO) has decided to maintain the interest rate on employees' provident fund (EPF) deposits at 8.25% for the 2024-25 financial year, sources said on Friday.

The organisation had previously reduced the rate to a four-decade low of 8.1% for 2021-22, down from 8.5% in 2020-21.

The last time the EPF interest rate was this low was in 1977-78, when it stood at 8%.

Following the CBT's decision, the proposed rate will be sent to the Ministry of Finance for approval.

Once ratified by the government, the interest will be credited to the accounts of over seven crore EPFO subscribers.

EPFO determines the interest rate only after securing approval from the finance ministry.

The or...