Govt approves 8.15% interest rate on Employees’ Provident Fund for FY23: The government on Monday approved the interest rate of 8.15 per cent recommended by the Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO) for its over 6 crore subscribers for the financial year 2022-23. In a circular issued today, the EPFO said the Ministry of Labour and Employment has conveyed the approval of the central government for the EPF interest rate to be credited into members’ accounts.
Daily Current Affairs Quiz: July 2023
The Ministry of Labour and Employment has conveyed the approval of the Central Government under para 60(1) of Employees’ Provident Fund Scheme, 1952 to credit interest@ 8.15 % for the year 2022-23 to the account of each member of the EPF Scheme as per the provision under para 60 of EPF Scheme,1952.