EPFO: Good news for employees, now they will get this much interest
If you are also connected to EPFO then this is good news for you. The news is that EPFO has given a big gift to the employees by increasing the interest on their PF accounts. This step of EPFO will benefit about 7 crore employees working in the private sector.
According to reports, the Central Board of Trustees (CBT), which takes important decisions of EPFO, has announced an increase in interest rates this year also. Now the interest rate given by EPFO will be 8.25 percent. Till now it is 8.15 percent. However, this decision is yet to be approved by the Finance Ministry.
It is noteworthy that in the financial year 2022-23, EPFO had provided interest of 8.10 percent. EPFO had reduced it to 8.15 percent for 2022-23. This step of EPFO will be very beneficial for the employees.
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