NEW DELHI: The retirement fund body EPFO-Employees' Provident Fund Organization- has fixed 8.15% interest rate on employees' provident fund for 2022-23.
Last year, EPFO had declared 8.1% as the rate of interest for 2021-22, which is the lowest in four decades. The last time the interest rate slipped to 8% was in 1977-78.
"The Employees' Provident Fund Organization'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,” PTI reported quoting a source.
