In March 2023, the Employees' Provident Fund Organisation (EPFO) had increased the interest rate on EPF marginally to 8.15 per cent for 2022-23 from 8.10 per cent in 2021-22.
The Ministry of Finance has notified the EPF interest rate at 8.25% for FY2023-24. It may be noted that the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organization (EPFO ...
Crediting an interest rate of 8.1% earlier will also benefit EPFO’s financial health as the outgo will be less during PF claim settlements. EPF interest rate cut: Impact on Voluntary Provident ...
New Delhi, Mar 4 () Retirement fund body EPFO on Thursday decided to retain 8.5 per cent rate of interest on provident fund deposits for the current financial year. EPFO has more than five crore ...
EPFO on Wednesday decided to provide an 8.5% rate of interest on employees' provident fund (EPF) for 2019-20 as committed earlier but in two tranches. Business Insider spoke to experts to ...
The higher this corpus, the better. It depends on your age, contributions, basic salary and the EPF interest rate that the EPFO declares every year. Seeking higher EPS pension? You have only five ...
Illustration: Dominic Xavier/Rediff.com Anonymous: I'm a 40-year-old woman struggling with a father's name mismatch in EPFO. How can ... will both of them earn interest of 7.1 %?
It said in a statement on Saturday that, the EPF has been able to provide an interest rate of 12.5% on the year-end member balances, adding that this is a very attractive rate under the current low ...
The move may also result in diversifying the EPF’s equity portfolio, which is currently restricted to ETFs. “We are aiming to peg higher annual rate of interest for EPF subscribers ...
The board also approved an amendment to the EPF Scheme, 1952, under which interest will be paid to members up to the date of settlement. According to existing provisions, for claims settled till ...