EPFO hikes interest rate on employees' provident fund to 8.15% for 2022-231 min read 28 Mar 2023, 10:30 AM IST
In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21
New Delhi: The Employees' Provident Fund Organisation (EPFO)EPFO has hiked interest rate on employees' provident fund (EPF) for 2022-23. Retirement fund body has fixed 8.15 per cent rate of interest on EPF deposits for 2022-23 at its meeting on Tuesday, news agency PTI reported. If the expected interest rate is same, then there is a hike in the EPF account interest rate by 0.05% for its about five crore subscribers. "The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees (CBT) has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday," a source said, PTI reported.
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