EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23

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The Hindu Offers

KingRocks

2023-03-28

EPFO fixes 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.

https://www.thehindu.com/news/epfo-fixes-815-in...

I feel that for this year atleast they could have increased interest rate to 9% as some private banks are already giving 8% interest rate 🥴

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https://www.desidime.com/discussions/epfo-fixes-8-15-interest-rate-on-employees-provident-fund-for-2022-23?page=1#post_9176609

dlhntr

2023-03-28

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Can we check how much Intrest earned till date?

https://www.desidime.com/discussions/epfo-fixes-8-15-interest-rate-on-employees-provident-fund-for-2022-23?page=1#post_9176613

KingRocks

2023-03-28

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You can check in your epfo passbook

https://www.desidime.com/discussions/epfo-fixes-8-15-interest-rate-on-employees-provident-fund-for-2022-23?page=1#post_9178520

Sidhi.Baat.No.Bakwas

2023-03-29

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Ppf how much? It was 7.1

https://www.desidime.com/discussions/epfo-fixes-8-15-interest-rate-on-employees-provident-fund-for-2022-23?page=1#post_9178720

KingRocks

2023-03-29

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Yeah 7.1 it is ..less than FD rate 🥴

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https://www.desidime.com/discussions/epfo-fixes-8-15-interest-rate-on-employees-provident-fund-for-2022-23?page=1#post_9178679

akki.akki

2023-03-29

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+ there is tax applicable on pf interest if contribution is more than 2.5 lakh

https://www.desidime.com/discussions/epfo-fixes-8-15-interest-rate-on-employees-provident-fund-for-2022-23?page=1#post_9181223

jevlis.ka

2023-03-30

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This is for 2022-23 FY right? Hopefully next FY it will shoot up like crazy.

https://www.desidime.com/discussions/epfo-fixes-8-15-interest-rate-on-employees-provident-fund-for-2022-23?page=1#post_9435169

BVR9

2023-07-24

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The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23.

Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund (EPF) deposits to 8.15 per cent for 2022-23 for its over six crore subscribers.