EPFO to Decide on Interest Rate; Likely to Remain Unchanged for Third Consecutive Year
New Delhi: The Employees’ Provident Fund Organisation (EPFO) is set to take a decision on its interest rate for the current financial year. The Central Board of Trustees (CBT) of EPFO will meet on March 2, where the interest rate for subscribers is expected to be announced. Sources indicate that the interest rate is likely to remain unchanged at 8.25% for the third consecutive year.
According to insiders, EPFO is prepared to maintain the interest rate of 8.25% on provident fund deposits, as it has sufficient surplus from its investments to support this rate for the current year. However, the organisation may need to explore new investment opportunities in the coming years or consider the possibility of slightly lower returns in the next financial year. EPFO currently manages a fund exce...









