As per the draft Annual Report 2022-23, EPFO disbursed Rs 17,106.17 crore in 2020-21 benefitting 6.92 million beneficiaries, Rs 19.126.29 crore in 2021-22 to 9.16 million beneficiaries and Rs 11,843.23 crore to 6.20 million beneficiaries in 2022-23.
Employees’ Provident Fund Organisation (EPFO) announced in July to increase the interest rate on the retirement body fund for fiscal year 2022-23 to 8.15%. Previosuly, EPFO increased the interest rate for its six crore subscribers in March.