PF Account Update: There is a big update for the job profession people. If you also do a job and are waiting for PF interest (PF Account), then a hefty amount will soon come to your account.
EPFO Interest Rates: There is a big update for the employed people. If you also do a job and are waiting for PF interest (PF Account), then a hefty amount will soon come to your account. The meeting of Employees Provident Fund Organization (EPFO) has started on Monday and this meeting will last for 2 days. A decision will be taken on the interest rates in this meeting. Let us tell you that EPFO can announce about the interest rate on Employees Provident Fund for 2022-23 in its two-day meeting.
Now getting 8.1 percent interest
In March 2022, the EPFO had reduced the interest rate on the EPF of its nearly five crore shareholders for 2021-22 to a low of more than four decades at 8.1 per cent. This rate was the lowest since 1977-78, when the interest rate on EPF used to be eight per cent. In 2020-21, this rate was 8.5 percent.
The meeting has started on Monday afternoon
A decision on the interest rate on EPF for 2022-23 is likely to be taken by the Central Board of Trustees (CBT), the apex decision-making body of the Employees’ Provident Fund Organisation, in a two-day meeting starting Monday afternoon, a source has said. Is.
Facility of more pension is also available
What action has been taken by the EPFO on the order given by the Supreme Court to give four months time to apply for more pension. This can also be discussed in the meeting. EPFO has given its shareholders time till May 3, 2023.
Rates are at the lowest level in 7 months
Let us tell you that in March 2020, EPFO had reduced the interest rate on provident fund deposits to a seven-month low of 8.5 per cent. For 2018-19 it was 8.65 per cent.
