The Employees’ Provident Fund Organisation (EPFO)EPFO has hiked interest rate on employees’ provident fund (EPF) for 2022-23. Retirement fund body has fixed 8.15 per cent rate of interest on EPF deposits for 2022-23 at its meeting.
If the expected interest rate is same, then there is a hike in the EPF account interest rate by 0.05% for its about five crore subscribers. “The Employees’ Provident Fund Organisation’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.