[ccpw id="5"]

[ccpw id="5"]

HomeBusinessEpfo's interest rates know the performance of the provident fund for the...

Epfo’s interest rates know the performance of the provident fund for the last 6 years. money moguls


New Delhi. Once the Provident Fund (PF) interest rate used to be 8.65 percent. It has decreased over time and an interest rate of 8.1 percent was approved in PF for the fiscal year 2021-22 (FY22). According to the news, the government may keep the interest rate on PF deposits at around 8 percent for the fiscal year 2022-23 (FY23).

According to the report, the Central Board of Trustees (CBT) of the Employee Prevent Fund Organization (EPFO) will meet later this month or early March to decide the PF interest rate for the fiscal year. 2022-23 The meeting is expected to take place. After this, based on 2022-23 earnings, he will be recommended by the Finance, Investment and Audit Committee.

read this too- PF Interest: Great news for Rs 6.5 crore account holders! The interest for 2022-23 will be decided soon, how much will be available now?

The interest rate had reached the lowest level in 4 decades by 2021-22
For the 2021-22 fiscal year, the government had approved 8.1 percent, the lowest interest rate in 4 decades on EPF deposits. The 8.1 percent interest rate on EPF was the lowest since 1977-78. The 8.5 percent interest rate on EPF deposits for the 2020-21 fiscal year was set by the Central Board of Trustees in March 2021.

Let us know at what interest rate you have received in PF in the last 6 years.
8.65 percent in 2016-17
8.55 percent in 2017-18
8.65 percent in 2018-19
8.50 percent in 2019-20
8.50 percent in 2020-21
8.10 percent in 2021-22

Also read this: Is your money also deposited in PF? If these things are not taken care of, all the money will be wasted, you will continue to hit your head.

What is EPF?
EPFO has been created by the government to manage the Employees Provident Fund (EPF). This institution takes care and custody of the fund’s money. EPF is a scheme in which an employee deposits a part of her salary. This money is deposited in your provident fund, that is, for other expenses. For employed people, EPF money is your salary for life. Withdraw money deposited in this scheme after retirement. Under certain circumstances, the money can be withdrawn even earlier.

Tags: EPF, epfo, EPFO account, FP account, Save in FAQ


Please enter your comment!
Please enter your name here


New threat to SBI-HDFC Bank customers! Scammers send such a link, they are forced to click, and money is lost from the account. ...

New Delhi. Cases of cyber fraud are increasing day by day in the country, in such a situation it is very important that you be...

CBDC adoption surges in Nigeria amid cash crunch money moguls

Nigeria is witnessing increased CBDC adoption roughly 18 months after launching its national CBDC amid acute cash shortages. The value of Einara's transactions has risen to...

Gorakhpur Link Expressway: Gorakhpur will soon be connected to Purvanchal Expressway, the journey to Lucknow will be completed in 3.5 hours money moguls

reflexesNow waiting 9 months for Gorakhpur Link Expressway62% of the work on the Link Expressway has been completedLink Expressway will pass through 4 districts of...

Will the new MakerDAO changes restore trust in DAI? Checking in… money moguls

MakerDAO has a new proposal to introduce changes to its PSM operations. DAI supply has declined since the decoupling of the USDC due to a lack...

Most Popular