EPFO Interest Rate: EPFO has asked the employees to wait. It was told that whenever the interest is deposited, it will be paid in full. It was also made clear by EPFO that there will be no reduction in the interest amount.
PF Account Interest Rate: With the beginning of the festive season, PF account holders have got a big gift. Yes, interest money has started coming into the PF accounts of the employees. EPFO has started depositing interest in PF account. The interest rate on PF account for the financial year 2022-23 is 8.15 percent. Interest money has already been deposited in the accounts of some employees. It may take time for this money to appear in your account. EPFO has started the process of depositing interest money in the accounts of all the employees.
Assured to speed up the process
EPFO has assured to speed up the process of depositing interest amount in PF account. According to EPFO, this entire process is in the pipeline and will be completed soon. EPFO has appealed to the employees to wait. He said that whenever the interest is deposited, it will be paid in full. It was also made clear by EPFO that there will be no reduction in the interest amount.
In the information given by EPFO, it was said that the process of depositing interest is being made smoother than before. Henceforth, it will take less time to deposit interest money in the account. Union Labor Minister Bhupendra Yadav said that interest has already been deposited in more than Rs 24 crore PF accounts. You can check the money coming into your PF account through text message, missed call, Umang app or EPFO website.
The interest rate on PF account is decided every year by EPFO. To decide the interest rate, EPFO has to consult with the Finance Ministry. While deciding the interest rate, the interest rate of government securities, inflation rate and the condition of the economy are kept in mind.
