PF Interest Rate - Latest News Update, Information, Photos & Videos on PF Interest Rate at Lokmat Times

Retirement fund body EPFO (Employees' Provident Fund Organisation) fixed 8.15 per cent rate of interest on employees' provident fund (EPF) deposits for 2022-23 at its meeting today.In March 2022, EPFO had lowered the interest on EPF for 2021-22 to an over four-decade low of 8.1 per cent for its about five crore subscribers, from 8.5 per cent in 2020-21.This was the lowest since 1977-78, when the EPF interest rate stood at 8 per cent. The Employees' Provident Fund Organisation's apex decision-making body Central Board of Trustees (CBT) has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday," a source said.The 8.5 per cent interest rate on EPF deposits for 2020-21 was decided by CBT in March 2021. According to EPFO rules, at least 12% of an employee’s basic salary is compulsorily deducted to be saved in the provident fund, while an employer co-contributes another 12%.The Covid pandemic pressured the EPFO’s earnings. The EPFO delayed payments for 2019-20. This was paid in two instalments deriving from two sources of the EPFO’s investments: 8.15% from debt investments and 0.35% from the equity portfolio.

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Pf interest rate, Latest News

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National :EPFO fixes 8.15% interest rate on provident fund for 2022-23

Retirement fund body EPFO (Employees' Provident Fund Organisation) fixed 8.15 per cent rate of interest on employees' provident fund (EPF) deposits for ... ...