EPFO fixes 8.25% interest rate on employees' provident fund for 2023-24

EPFO extends deadline to apply for pension on higher wages till 11th July

The EPFO has also given three months' time to employers to submit wages details online

EPFO adds 17 lakh 20 thousand net members in April this year

Among the newly joined members, the age-group of 18-25 years constitutes 54.15 percent of the total new members added during the month

EPFO fixes 8.15% interest rate on provident fund

Provident fund savings are mandatory under the Employees Provident Funds and Miscellaneous Provisions Act

EPF interest rate for 2021-22 reduced to 8.1% lowest since 1977-78

The EPF interest rate provided for 2019-20 was the lowest since 2012-13, when it was brought down to 8.5 %.

Govt allows more withdrawal from EPFO due to Covid