Employees Provident Fund Organization keeps changing its policy for the facilities of central employees. New changes have been made by EPFO to make PF process flexible and beneficial for employees. Whether it is to give the employees the option to change their personal details themselves, or the steps taken towards making the money withdrawal process easier. Now central employees are once again expected to relieve EPFO. Because EPFO meeting is going to be held on February 28, in which big decisions can be taken regarding employees.
EPFO's CBT meeting is going to be held on 28 February, in which EPFO PF may take some important decisions, with the highest speculation to increase the interest rate. It is believed that the rate of interest on EPFO PF can be increased. In the CBT meeting, the interest rate can be increased by 8.25 percent. Or interest is expected to remain around this. Currently, the last time EPFO had increased the interest rate on PF from 8.15 percent for FY 24 to 8.25 percent.
Increase in interest rates
The EPFO has changed the interest rates on PF from time to time. For FY 24, EPFO had increased the price rates to 8.25 percent per year, which is still applicable. Which was 8.15% in FY 23. At the same time, she was 8.10% in FY 22. The lowest rate in recent times was 8.10% in 2021-22. In the last decade, interest rates have fluctuated, with the highest 9.50% in 2010-11 and from 2019 to 2021 the rate was 8.50%. It is believed that EPFO can increase its interest rates for FY 25.
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