Employee Provident Fund

Photo: India Today

EPF Rate Increased To 8.15% In 2023-2024 FY

In good news for employees, the Union Labour and Employment Ministry increased the marginal interest rate of Employees Provident Fund (EPF) to 8.15% from previous 8.1%. The decision was taken after a meeting with the Ministry of Labourer and Central board of trustees of the Employees' Provident Fund Organisation. The Ministry further said, the  interest rate would be officially notified in the government gazette after approval of Ministry of… read-more

Tue, 28 Mar 2023 - 03:15 PM / by Varsha Joshi

Tags: EPF, FY 2023-2024, Rate Hike, GoI, Union labour ministry

Courtesy: NDTV

EPFO office.

Photo: DNA India

Govt To Give 8.5% Interest Rate On EPF For FY21: Reports

Making a good announcement ahead of Diwali, the government has decided to keep the interest rate unchanged on employees' provident fund at 8.5% for the financial year 2020-21, said media reports on October 29. Reportedly, the rate will benefit over five crore users of the Employees Provident Fund Organisation (EPFO). Earlier in 2019-20, the rate was reduced to 8.5% from 8.65% for 2018-19. 

Fri, 29 Oct 2021 - 05:18 PM / by Brijesh Goswami

Tags: EPF, EPFO, Diwali, interest rate, Provident Fund