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EPF rates hiked to 8.15% for FY24: Is 5 bps hike justified given inflation, repo rates trends?

EPF rates continue to linger at multi-decadal lows which is out of sync with inflation and repo rates in terms of historic trends. Both inflation and repo rates can be used as benchmarks to gauge how EPF rates have trended over the years.
Employee Provident Fund Organisation Ministry Of Labour Employment Interest Rate On Employees Fund Deets Financial Year Provident Fund Organisation Employees Fund Deets

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EPF Interest Rate Hike: EPFO Fixes 8.15% Rate of Interest on Employees' Provident Fund for 2022-23

After the governments ratification, the interest rate on EPF for 2022-23 will be credited into accounts of over five crore subscribers of EPFO. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry. EPF Interest Rate Hike: EPFO Fixes 8.15% Rate of Interest on Employees Provident Fund for 2022-23.
New Delhi Provident Fund Organisation Fixes Central Board Of Trustees Employee Provident Fund Organisation Central Board Good News

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