EPF interest rate fixed at 8.15% for FY 2022-23 by EPFO: Sources
The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial vear 2022-23 as per the sources quoted by news agency PTI. If the expected interest rate is same as reported by the sources, then there is a hike in the EPF account interest rate. Last year, the interest rate for EPF account was 8.10% for FY 2021-22.
Do note that once the interest rate is fixed by the Central Board of Trustees (CBT), then the finance ministry is supposed to notify it for the interest rate to come into effect.