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Great good news on EPFO, now it will spark a lot of interest in PF

Sagar Patel

By Sagar Patel

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There is big news for the 7 crore EPFO ​​members. The Union Finance Ministry has made a big announcement. The ministry has approved an increase in interest for Employees Provident Fund deposits. In February this year, the Employees Provident Fund Organisation had announced an increase in the interest rate to 8.25 per cent for the financial year 2023-24, which has now been approved by the Finance Ministry.

EPFO has increased the new interest rate for 2023-24 to 8.25% from last year’s 8.15% interest rate. Giving out information on social media platform X, EPFO ​​said that for the financial year 2023-24, EPF members will avail the benefit of 8.25% interest. The new rates were notified in May 2024. Now employees are just waiting for the interest to be credited in their PF account.

Sagar Patel

Sagar Patel

I am Sagar Patel, specializing in business news reporting. With a keen focus on economic trends, market analysis, and corporate developments,

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