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EPFO interest rate News

24 Jul 2023

Centre Approves 8.15% Interest Rate For FY 2022-23 On Employees Provident Fund

Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund (EPF) deposits to 8.15 per cent for 2022-23 for its over six crore subscribers.

13 Feb 2022

EPFO subscribers, Alert! Decision on interest rate for 2021-22 soon

EPFO issued directions to field offices to credit the interest income at 8.5 per cent for 2020-21 into the subscribers' account. EPFO provides the rate of interest only after it is ratified by the government through the finance ministry. In March 2020, EPFO had lowered interest rate on provident fund.

21 Feb 2019

EPFO hikes interest rate on provident fund to 8.65% from 8.55%

Labour Minister Santosh Gangwar said that the decision to provide higher interest for subscribers for the current fiscal was approved by all members of the Central Board of Trustees of EPFO.

12 Feb 2019

EPFO likely to retain interest rate at 8.55% for FY19

The Central Board of Trustees headed by Labour Minister is the apex decision making body of the EPFO which finalises rate of interest on PF deposits for a financial year.

09 Dec 2015

EPFO likely to hike interest rate on PF deposits for FY16 today

The Finance Ministry, however, wants EPFO to retain the existing interest rate of 8.75 percent for FY 2015-16.

08 Dec 2015

EPFO may hike interest rate on PF deposits for FY16 Wednesday

Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 percent fixed for the last two financial years, during its trustees' meet Wednesday.

retirement fund

06 Jun 2014

EPFO likely to provide 9% interest for 2014-15

Retirement fund body EPFO is likely to provide nine percent rate of interest on PF deposits for the current fiscal to its over five crore subscribers, slightly higher than 8.75 percent paid in 2013-14.

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