Govt. Announces an Interest Rate of 8.15% on Employees’ Provident Fund for the FY 22-23
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- By Chetan Kulasri
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- Last Updated on 26 July, 2023
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Notification No. INV-11/2/2021-INV, Dated 24.07.2023
The Ministry of Labour and Employment has conveyed the approval to credit interest at the rate of 8.15% per annum for the year 2022-23 to the account of each member of Employee Provident Fund (EPF) Scheme as per the provisions of Para 60 of EPF Scheme, 1952. After the government’s consent to the interest rate, the EPFO would now start crediting the rate of interest for the previous fiscal to the EPF subscribers.
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