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EPF interest rate history: When Employees Provident Fund offered 12% annual interest to PF members
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3 min read | Updated on February 21, 2025, 13:56 IST
SUMMARY
EPF subscribers have enjoyed up to 12% interest on their provident fund deposits in the past. The EPFO started its journey in 1952-53 offering 3% interest, which went up to 12% in the 1990s. The EPF interest rate has never been below 8% since 1977-78.
All eyes are now on the February 28 meeting. | Image source: Shutterstock
The central board of trustees (CBT) of the Employees Provident Fund Organisation (EPFO) will meet on February 28, 2025 to decide the EPF interest rate for FY 2024-25.
It is expected that the CBT may retain the 8.25% interest rate that the provident fund body offered in FY 2023-24.
As all eyes are now on the February 28 meeting, you may like to know about the history of the employees' provident fund interest rates.
As per details on the EPFO website, EPF subscribers have enjoyed up to 12% interest on their provident fund deposits in the past. The EPFO started its journey in 1952-53 offering 3% interest, which went up to 12% in the 1990s.
The EPF interest rate has never been below 8% since 1977-78. The following table shows the EPF interest rate since 1952-53.
EPFO interest rate history
| Year | EPF interest rate |
|---|---|
| 1952-53 | 3.00% |
| 1953-54 | 3.00% |
| 1954-55 | 3.00% |
| 1955-56 | 3.50% |
| 1956-57 | 3.50% |
| 1957-58 | 3.75% |
| 1958-59 | 3.75% |
| 1959-60 | 3.75% |
| 1960-61 | 3.75% |
| 1961-62 | 3.75% |
| 1962-63 | 3.75% |
| 1963-64 | 4.00% |
| 1964-65 | 4.25% |
| 1965-66 | 4.50% |
| 1966-67 | 4.75% |
| 1967-68 | 5.00% |
| 1968-69 | 5.25% |
| 1969-70 | 5.50% |
| 1970-71 | 5.70% |
| 1971-72 | 5.80% |
| 1972-73 | 6.00% |
| 1973-74 | 6.00% |
| 1974-75 | 6.50% |
| 1975-76 | 7.00% |
| 1976-77 | 7.50% |
| 1977-78 | 8.00% |
| 1978-79 | 8.25% + 0.5% bonus (Bonus for members who did not withdraw any amount from their PF during 1976-1977 and 1977-1978) |
| 1979-80 | 8.25% |
| 1980-81 | 8.25% |
| 1981-82 | 8.50% |
| 1982-83 | 8.75% |
| 1983-84 | 9.15% |
| 1984-85 | 9.90% |
| 1985-86 | 10.15% |
| 1986-87 | 11.00% |
| 1987-88 | 11.50% |
| 1988-89 | 11.80% |
| 1989-90 | 12.00% |
| 1990-91 | 12.00% |
| 1991-92 | 12.00% |
| 1992-93 | 12.00% |
| 1993-94 | 12.00% |
| 1994-95 | 12.00% |
| 1995-96 | 12.00% |
| 1996-97 | 12.00% |
| 1997-98 | 12.00% |
| 1998-99 | 12.00% |
| 1999-00 | 12.00% |
| 2000-01 | 12% (April-June, 2001) and 11% (July, 2001 onwards) on monthly running balance |
| 2001-02 | 9.50% |
| 2002-03 | 9.50% |
| 2003-04 | 9.50% |
| 2004-05 | 9.50% (9% interest plus 0.5% Golden Jubilee bonus interest) |
| 2005-06 | 8.50% |
| 2006-07 | 8.50% |
| 2007-08 | 8.50% |
| 2008-09 | 8.50% |
| 2009-10 | 8.50% |
| 2010-11 | 9.50% |
| 2011-12 | 8.25% |
| 2012-13 | 8.50% |
| 2013-14 | 8.75% |
| 2014-15 | 8.75% |
| 2015-16 | 8.80% |
| 2016-17 | 8.65% |
| 2017-18 | 8.55% |
| 2018-19 | 8.65% |
| 2019-20 | 8.50% |
| 2020-21 | 8.50% |
| 2021-22 | 8.10% |
| 2022-23 | 8.15% |
| 2023-24 | 8.25% |
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