EPFO hikes interest rate on provident fund to 3-year high of 8.25% for FY 2023-24
On Saturday (10th February), the Employees’ Provident Fund Organisation (EPFO) recommended a hike in the interest rate on deposits under the Employees Provident Fund (EPF) scheme for the financial year 2023-2024. As per the recommendations, the retirement fund body fixed a three-year high-interest rate of 8.25% on EPF deposits for FY 2023-24. The recommendation to hike the EPF interest … Read more