New Delhi (Uttam Hindu News): EPFO There is good news for investors. According to sources, it has been decided to increase the interest on PF. According to the information, the interest rate for 2023-24 will be 8.25 percent. In the previous year it was 8.15 percent. Let us tell you, this will be the highest interest rate in the last 3 years. In March 2023, EPFO had increased the PF interest rate to 8.15 percent for the financial year 2022-23. At the same time, in March 2022, it became 8.10 percent for the financial year 2021-22.
EPFO finalizes interest rate: However, This rate was the lowest since 1977-78. But now once again more than 6 crore employees will benefit from the increase in interest rates. The 235th board meeting of EPFO was held on Saturday under the chairmanship of Labor and Employment Minister Bhupendra Yadav. In which approval was given to increase the interest rates. Let us tell you, the official information about increase in interest rates will be made public after getting approval from the Finance Ministry.