EPFO: Lottery is going to be held once again for PF employees, the discussion of which is going on fast. It is believed that it is considered possible for the government to announce a strong gift for the PF employees. It is considered possible for the government to announce interest for PF employees soon.
The government will give 8 percent interest for this financial year 2022-23, which although the amount is the lowest in the last forty-three years, but will not be less than a booster dose to deal with inflation. No official announcement has been made by the government to increase the amount of interest, but media reports are making big claims till March 30.
There will be a bumper increase in interest
It is now considered possible to have a meeting between the PF cutting organization EPFO officer and the government soon. It is decided to seal the amount of interest in this meeting itself. This time the government can give 8 percent interest this financial year, which is the lowest amount in the last several years. Nevertheless, this amount is considered to be considerable in inflation.
The government had earlier done the work of paying 8.1 percent interest for the financial year 2021-22. Earlier in the financial year 2020-21, it was announced to give 8.5 percent interest, which was a considerable amount. Now for many years, the graph of continuous decline in the amount of interest is going on.
PF employees will get this amount
If the PF is being deducted while doing a job of a person in your family, then it is believed that soon a big amount will come into the account. If the government announces 8 percent interest, then there will be huge benefit in the account.
If you have 6 lakh rupees lying in your PF account, then it is considered possible to transfer 48 thousand rupees according to 8 percent interest. Apart from this, if you have 10 lakh rupees deposited in your account, then 80 thousand rupees will be given as interest.