On January 23, 2025, the Employees Provident Fund Organisation (EPFO) revealed the revised interest rate for the fourth quarter (Q4) of the financial year 2024-25, specifically for the Staff Provident Fund.
Key Highlights:
Revised Interest Rate: Starting from January 1, 2025, the interest rate on accumulations in the General Provident Fund (GPF) and similar funds will be 7.1% for the period January 1, 2025, to March 31, 2025.
Funds Affected: The revised rate applies to several provident fund schemes, including:
General Provident Fund (Central Services)
Contributory Provident Fund (India)
All India Services Provident Fund
State Railway Provident Fund
General Provident Fund (Defence Services)
Indian Ordnance Department Provident Fund
Indian Ordnance Factories Workmen’s Provident Fund
Indian Naval Dockyard Workmen’s Provident Fund
Defence Services Officers Provident Fund
Armed Forces Personnel Provident Fund
This rate of 7.1% will be effective for the first quarter of 2025 and will apply to the accumulations at the credit of subscribers in these specified provident fund schemes.
For individuals subscribed to any of the listed funds, this interest rate will be credited to their accounts from January 1, 2025, providing a steady return on their savings for the quarter ending March 31, 2025.
