25th MAY 2025 ENGLISH TNPSC CURRENT AFFAIRS PDF TNPSC SHOUTERS
PF interest rate approved at 8.25%
- The 237th meeting of the Central Board of Trustees of EPFO was held in Delhi on February 28 under the chairmanship of Union Minister of Labour and Employment Mansukh Mandaviya to decide the interest rate for the Employees' Provident Fund (EPF) for the financial year 2024-25.
- In this, it was decided to fix the annual interest rate of PF at 8.25%. The Union Finance Ministry has approved this. With this, 8.25 percent interest will be credited to the amount in the PF account of more than 7 crore workers in the EPFO scheme.
- It is noteworthy that the PF interest rate has remained at 8.25% for the last 2 years, while the PF interest rate was 8.15 percent in the financial year 2022-23.
