National News

Centre ratifies 8.15% interest rate for EPF subscribers

The Centre on Monday ratified the 8.15 per cent interest rate on deposits under the Employees Provident Fund (EPFO) scheme for 2022-23. On March 28, the EPFO had slightly hiked the interest rate on EPF deposits to 8.15 per cent for 2022-23 for its over six crore subscribers.

Sentinel Digital Desk

Published:25th Jul, 2023 at 4:00 AM

NEW DELHI: The Centre on Monday ratified the 8.15 per cent interest rate on deposits under the Employees Provident Fund (EPFO) scheme for 2022-23. On March 28, the EPFO had slightly hiked the interest rate on EPF deposits to 8.15 per cent for 2022-23 for its over six crore subscribers.

As per convention, the labour ministry sends the interest rate recommendations to the Finance Ministry for ratification. (IANS)

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