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EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23

By IANS | Updated: March 28, 2023 11:25 IST

New Delhi, March 28 Retirement body employee provident fund organisation (EPFO) on Tuesday fixed 8.15 per cent interest ...

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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

Tags: Employees' Provident Fund OrganisationCBT
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