Retirement fund body EPFO on Saturday fixed a three-year high interest rate of 8.25 per cent on employees' provident fund (EPF) deposits for 2023-24 EPF Interest Rate: Retirement Fund Body EPFO Fixes 8.25% Interest Rate on Employees’ Provident Fund for 2023–24.
EPF interest rate for FY2023-24: The interest rate will be formally announced in the government gazette if approved by the Ministry of Finance. EPFO will then credit the agreed rate of interest to its EPF subscribers accounts.
India Business News: The Employees' Provident Fund Organisation (EPFO) has declared a three-year high interest rate of 8.25% on employees' provident fund (EPF) deposits fo
While it’s not possible to directly raise your compulsory EPF contribution beyond the stipulated 12% (divided equally between the employee and employer), the voluntary provident fund offers an excellent opportunity to enhance your savings and take advantage of the higher EPF interest rate.
The Employees Provident Fund Organisation (EPFO) has begun crediting interest into provident fund (PF) accounts, according to a PIB statement from November 1, 2023.