New Delhi, March 28 Retirement body employee provident fund organisation (EPFO) on Tuesday fixed 8.15 per cent interest rate on the employees' provident fund for 2022-23.
The decision was taken by EPFO's board of trustees.
Last year, EPFO had declared 8.1 per cent as the rate of interest for 2021-22, which was the lowest in 40 years.
The last time the interest rate had slipped to 8 per cent was in 1977-78.
Subsequent to the CBT decision, the interest rate on EPF deposits for 2022-23 will be sent for the finance ministry's approval.
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor