Interest Rates 1952-2023 | PF Accumulation History
The EPF Scheme 1952 includes provisions for interest. The Central Government, in consultation with the Central Board, determines the rate of interest that will be credited to each member’s account by the Commissioner. Interest is added based on monthly running balances from the last day of each year. This includes interest on the amount at the credit of a member on the last day of the preceding year, any sums withdrawn during the current year, and all sums credited to the member’s account after the last day of the preceding year.
Interest is rounded to the nearest whole rupee with fifty paise counting as the next higher rupee. In cases of a claim for refund under paragraph 69 or 70, interest is payable up until the end of the month preceding the final payment authorization date, regardless of the claim received date. The rate of interest for claims for refund for the broken currency period will be the last declared rate on Employees’ Provident Fund, and if it is less than the previous year’s declared rate, it will still be used for the current year.
| INTEREST RATE DECLARED ON PROVIDENT FUND ACCUMULATIONS SINCE 1952 | |||
| YEAR | INTEREST RATE | REMARKS | LINK FOR ORDER |
| 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 & 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% 11%(*) | (*)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% | Invst.II/3(2)05-06/ROI/83519 dt. 10-01-2006 | |
| 2006-07 | 8.50% | Invst.II/3(2)133/06-07/ROI/14755-14955 dt. 22-10-2007 | |
| 2007-08 | 8.50% | Invst.II/3(2)133/07-08/ROI/16493 dt. 17-07-2008 | |
| 2008-09 | 8.50% | Invst.II/3(2)133/08-09/ROI/ dt. 09-06-2009 | |
| 2009-10 | 8.50% | Invst.II/3(2)133/09-10/ROI/ dt. 10-02-2010 | |
| 2010-11 | 9.50% | Invst.II/3(2)133/10-11/ROI/40717 dt. 17-03-2011 | |
| 2011-12 | 8.25% | Invst.II/3(2)133/11-12/ROI/51350 dt. 14-03-2012 | |
| 2012-13 | 8.50% | Invst.I/3(2)/133/ROI/2012-13/4462 dt. 15-05-2013 | |
| 2013-14 | 8.75% | Invst.I/3(2)/133/ROI/2013-14/25363 dt. 06-03-2014 | |
| 2014-15 | 8.75% | Invest.I/3(2)/133/ROI/2014-15/36393 dt. 04-02-2015 | |
| 2015-16 | 8.80% | Invest.I/3(2)/133/ROI/2015-16/3725 dt. 25-05-2016 | |
| 2016-17 | 8.65% | Invest.I/3(2)133/ROI/2015-16/906 dt. 27-04-2017 | |
| 2017-18 | 8.55% | Invest.I/CBT Agenda/ROI/2017-18/4153 dt. 25-05-2018 | |
| 2018-19 | 8.65% | Invest.I/3(2)133/ROI/2018-19/5519 dt. 27-09-2019 | |
| 2019-20 | 8.50% | INV-INV-11/1/2020-INV/2025 dt. 04-01-2021 | |
| 2020-21 | 8.50% | INV-11/1/2020-INV dt. 30-10-2021 | |
| 2021-22 | 8.10% | INV-11/1/2020-INV dt. 03-06-2022 | |
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How is the interest rate determined for EPF Scheme 1952?
The Central Government, in consultation with the Central Board, determines the interest rate that will be credited to each member’s account.
When is the interest added to the member's account?
Interest is added based on monthly running balances from the last day of each year.
What does the interest calculation include?
The interest calculation includes the amount at the credit of a member on the last day of the preceding year, any sums withdrawn during the current year, and all sums credited to the member’s account after the last day of the preceding year.
How is the interest rounded?
Interest is rounded to the nearest whole rupee, with fifty paise counting as the next higher rupee.
What happens to the interest in case of a refund claim?
In cases of a claim for refund, interest is payable up until the end of the month preceding the final payment authorization date, regardless of the claim received date.
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