New Delhi: Retirement fund body EPFO has hiked the interest rate on employees\u2019 provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high.<\/span><\/p>\n The decision was made during a meeting of the EPFO\u2019s apex decision-making body, the Central Board of Trustees (CBT), on Saturday.<\/p>\n This move comes after the EPFO marginally increased the interest rate on EPF in March 2023 to 8.15% for the fiscal year 2022-23, up from 8.10% in 2021-22. However, in March 2022, the EPFO had lowered the interest rate on EPF to an over four-decade low of 8.1% for 2021-22, down from 8.5% in 2020-21.<\/p>\n The 8.25% interest rate for 2023-24 is a positive development for the over six crore subscribers of the EPFO. It is worth noting that the interest rate on EPF for 2020-21 was set at 8.5% by the CBT in March 2021.<\/p>\n A source within the EPFO stated, \u201cThe EPFO\u2019s apex decision-making body Central Board of Trustees (CBT) has decided to provide 8.25% rate of interest on EPF for 2023-24 at its meeting on Saturday.\u201d After the CBT\u2019s decision, the interest rate on EPF deposits for the upcoming fiscal year will be forwarded to the Ministry of Finance for concurrence.<\/p>\n \u00a0<\/p>\n<\/p><\/div>\n
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New Delhi: Retirement fund body EPFO has hiked the interest rate on employees\u2019 provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high. The decision was made during a meeting of the EPFO\u2019s apex decision-making body, the Central Board of Trustees (CBT), on Saturday. This move comes after the EPFO […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-20715","post","type-post","status-publish","format-standard","category-business"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/20715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=20715"}],"version-history":[{"count":1,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/20715\/revisions"}],"predecessor-version":[{"id":20717,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/posts\/20715\/revisions\/20717"}],"wp:attachment":[{"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=20715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=20715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thenftimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=20715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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