Central Board of Trustees (CBT) of Employees Provident Fund Organisation (EPFO) has recommended 8.25 percent interest rate for fiscal year 2023-24.

Economy Business

Central Board of Trustees (CBT) of Employees Provident Fund Organisation (EPFO) has recommended 8.25 percent interest rate for fiscal year 2023-24. The 235th meeting of the Central Board of Trustees, EPFO, has recommended 8.25 percent as rate of interest on Employees' Provident Fund deposits for 2023-24. This decision follows a marginal increase in the interest rate to 8.15% for FY23 from 8.10% in FY22, and a historic low of 8.1% in FY22 from 8.5% in FY21. The recommended distribution of Rs1,07,000 crore to EPF members' accounts for FY24 marks a significant increase from the previous fiscal year.


     

     

     

 

     


Employees' Provident Fund Organisation (EPFO)

Established- 1952
HQ- New Delhi
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