Question
Fill in the blanks with reference to the Employees’
Provident Fund (EPF) for FY 2024–25: The government ratified an interest rate of (1) on EPF deposits for FY 2024–25, benefiting over (2) crore subscribers, a decision taken at the (3) meeting of the EPFO’s Central Board of Trustees.Solution
• Interest rate: The government ratified 8.25% for EPF in FY 2024–25, unchanged from the previous year. • Beneficiaries: Over 7 crore subscribers will gain from this decision. • Meeting: The decision was taken in the 237th meeting of the EPFO’s Central Board of Trustees, chaired by Mansukh Mandaviya on February 28, 2025, in Delhi. • The Ministry of Finance gave concurrence, followed by a formal communication from the Labour Ministry to the EPFO. • This move strengthens retirement security for workers nationwide.
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