New Delhi: The Centre on Monday notified an 8.15% annual price of curiosity on deposits beneath the Employees Provident Fund (EPF) scheme for monetary yr 2022-23, following the suggestions of the Central Board Trustees (CBT) of EPF.
In March, the Employees’ Provident Fund Organization (EPFO) had raised the rate of interest on EPF deposits to eight.15% for 2022-23 for its over six crore subscribers.
The labour ministry has conveyed the approval of the central authorities to credit score curiosity at 8.15% per yr for 2022-23 to each member of the EPF scheme, in keeping with a round from the EPFO.
In 2021-22, the federal government had notified an 8.10% annual price of curiosity for EPF accumulations, down from 8.50% in 2020-21.
The labour ministry round additionally issued essential directions to involved authorities for crediting the curiosity within the accounts of EPF members.
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Updated: 24 Jul 2023, 01:51 PM IST
