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.
The government on 24 July accepted the recommendation of the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) to increase the interest rate of deposits in Provident Fund (PF) to 8.15 percent
The government has approved an 8.15% interest rate for the Employees Provident Fund (EPF) scheme for the financial year 2022-23. Members can check their EPF balance through the official website, text messages, missed calls, or the Umang App