Indian government confirms 8.25% interest rate on employees' provident fund for 2024-25 fiscal year.

The Indian government has confirmed an 8.25% interest rate on employees' provident fund (EPF) for the 2024-25 fiscal year, benefiting over 70 million subscribers. This consistent rate, retained from the previous fiscal year, ensures stable returns on retirement savings. The decision was made by the Employees' Provident Fund Organization (EPFO) and approved by the Ministry of Finance. The EPF offers higher and more stable returns compared to other fixed-income options, making it an attractive investment for salaried individuals.