The EPF interest rate list refers to the annual interest rates declared by the government for contributions made to employees’ provident fund accounts. EPF is a popular social security scheme in India, where both employees and employers contribute a certain percentage of the employee’s salary to the fund. The interest rates are set by the government and are subject to periodic revisions. These rates determine the growth of the accumulated funds and play a crucial role in securing the financial future of the employees.
The Employees Provident Fund (EPF) is a compulsory contribution scheme for salaried employees, where both the employee and employer have specific obligations. Each month, the employee contributes 12% of their earnings to their EPF account, and the entire amount is deposited into the EPF account.
However, for the employer, only 3.67% of the employee’s earnings is contributed to the EPF account, while the remaining 8.33% is directed towards the Employees Pension Scheme (EPS). This allocation ensures that a portion of the employer’s contribution is directed towards the pension benefits of the employee, providing financial security for the future.
Employees’ Provident Fund Organisation Interest Rate
The Employees’ Provident Fund Organisation (EPFO) has officially declared the interest rate for Employees’ Provident Fund (EPF) accounts for the financial year 2022-23 as 8.15%. This announcement regarding the interest rate was made by the EPFO through a circular issued on July 24, 2023.
EPF account holders can now be informed about the interest they will earn on their contributions for the mentioned financial year based on this declared rate. It is a significant update for the beneficiaries of the EPF scheme, ensuring transparency and clarity regarding the growth of their savings.
According to the circular issued by EPFO, the Ministry of Labour and Employment, Government of India, has granted approval from the Central Government under para 60(1) of the Employees’ Provident Fund Scheme, 1952. This approval is to credit interest at a rate of 8.15% for the year 2022-23 to the EPF Scheme members’ accounts, following the provisions under Para 60 of EPF Scheme, 1952.
Consequently, all relevant parties are requested to issue the required instructions to ensure the seamless crediting of the specified interest to the respective members’ EPF accounts.
EPF Interest Rate List Last 10 Years
| YEAR | 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*** Note *** Bonus for members who did not withdraw any amount from their PF during 1976- 1977 & 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% |
| 2001-02 | 9.50% |
| 2002-03 | 9.50% |
| 2003-04 | 9.50% |
| 2004-05 | 9.50% @ |
| 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% |
Download EPF Interest Rate History PDF from below link
https://www.epfindia.gov.in/site_docs/PDFs/MiscPDFs/InterestRate_OnPFAccumulationsSince1952.pdf
Read :
All Bank FD Interest Rates List