Facebook Instagram Twitter Youtube
  • Home
  • EMPLOYEES RIGHTS
  • PROPERTY RIGHTS
  • FINANCE
  • SALARY
  • TAX
  • EPF
  • JOB
Search
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Rightsofemployees.com
- Advertisement -
  • Home
  • EMPLOYEES RIGHTS
  • PROPERTY RIGHTS
  • FINANCE
  • SALARY
  • TAX
  • EPF
  • JOB
Home EPF PF Interest Credit: Big news for 6.5 crore account holders! Interest for...
  • EPF
  • FINANCE

PF Interest Credit: Big news for 6.5 crore account holders! Interest for 2022-23 will be decided soon, how much will be available now?

By
Pravesh Maurya
-
February 13, 2023
0
130
Facebook
Twitter
Pinterest
WhatsApp
Telegram

    Crores of employed people may get a shock soon. There may be a reduction in the interest rates on PF (PF Interest Credit) received by the employees. According to the news, the government can keep the interest rate on PF deposits around 8 percent for the financial year 2022-23 (FY23). Explain that the central government had approved 8.1 percent interest rate on PF for 2021-22.

    - Advertisement -

    An ET report quoting people related to the matter said that the government may keep the interest rate on PF deposits around 8 per cent for the financial year 2022-23, which is almost equal to the previous financial year. It has been said that work is being done on the earnings of the Employees’ Provident Fund Organization (EPFO).

    CBT meeting within a month

    According to reports, the EPFO’s Central Board of Trustees (CBT) is expected to meet at the end of this month or in early March to decide on the interest rate. After this, on the basis of the earnings of 2022-23, it will be recommended by the Finance Investment and Audit Committee.

    The interest rate had reached the lowest level in 4 decades for 2021-22. For the financial year 2021-22, the government had approved the lowest interest rate of 8.1 percent on EPF deposits in 4 decades. The 8.1 per cent interest rate on EPF was the lowest since 1977-78. The interest rate of 8.5 per cent on EPF deposits for the financial year 2020-21 was fixed by the Central Board of Trustees in March 2021.

    What is CBT

    CBT is a tripartite body of EPFO ​​consisting of representatives of Government, Employees and Employers and the decision of CBT is binding on EPFO. It is headed by the Labor Minister.

    - Advertisement -
    • TAGS
    • PF account holders
    • PF Interest
    • PF Interest Credit
    Facebook
    Twitter
    Pinterest
    WhatsApp
    Telegram
      Previous articleDA hike Updates: The increase in dearness allowance will be applicable from January 1, 2023, know details
      Next articlePolice job for sixth pass, age limit 40 years; Salary up to Rs 52000 per month
      Pravesh Maurya
      https://www.rightsofemployees.com/
      Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @rightsofemployeescom@gmail.com
      Facebook Instagram Telegram Twitter Youtube

      Related ArticlesMore From Author

      FINANCE

      Want to delete transaction history on Google Pay? This trick is very easy, know the step-by-step process

      FINANCE

      Auto Sweep Facility: Amazing facility on savings account! FD interest on amount and withdrawal of money as per need without penalty

      FINANCE

      Go First CEO Resigns: Go First CEO Koshik Khona resigns, said this to employees in mail

      Recent Posts

      • Want to delete transaction history on Google Pay? This trick is very easy, know the step-by-step process
      • Auto Sweep Facility: Amazing facility on savings account! FD interest on amount and withdrawal of money as per need without penalty
      • Go First CEO Resigns: Go First CEO Koshik Khona resigns, said this to employees in mail
      • Reminder for December: Complete these 5 tasks in December at all costs, if the deadline passes then you will be left regretting.
      • New rule on NPS! Investors get the facility to choose 3 pension fund managers, know how they will benefit

      Read More

      Want to delete transaction history on Google Pay? This trick is...

      December 2, 2023

      Auto Sweep Facility: Amazing facility on savings account! FD interest on...

      December 2, 2023

      Go First CEO Resigns: Go First CEO Koshik Khona resigns, said...

      December 2, 2023

      Reminder for December: Complete these 5 tasks in December at all...

      December 2, 2023
      New rule on NPS! Investors get the facility to choose 3 pension fund managers, know how they will benefit

      New rule on NPS! Investors get the facility to choose 3...

      December 2, 2023

      EDITOR PICKS

      Want to delete transaction history on Google Pay? This trick is...

      December 2, 2023

      Auto Sweep Facility: Amazing facility on savings account! FD interest on...

      December 2, 2023

      Go First CEO Resigns: Go First CEO Koshik Khona resigns, said...

      December 2, 2023

      POPULAR POSTS

      Bank License Cancelled: Big news! RBI has canceled the license of...

      September 22, 2023

      Bank Holiday Cancelled: RBI issued new order, Holidays have been cancelled,...

      September 28, 2023
      RBI Big

      500 Rupees Note Alert! Reserve Bank has issued new guidelines regarding...

      October 4, 2023

      POPULAR CATEGORY

      • FINANCE8554
      • TAX540
      • EPF509
      • JOB119
      • PF119
      • PROVIDENT FUND76
      • Labour Law46
      • SALARY42
      ABOUT US
      Rightsofemployees.com delivers the most comprehensive source of free-to-access Govt. updates, analysis and insights. We publish articles every day.
      Contact us: rightsofemployeescom@gmail.com
      • Home
      • About us
      • Authors and Team
      • Contact US
      • Cookie Policy
      • Correction policy
      • Disclaimer
      • DNPA Code of Ethics
      • Fact-Checking Policy
      • Onwership and Funding
      • Privacy Policy
      • Terms of Service
      • Complaint Redressal
      © Copyright 2023 - Rightsofemployees.com Izon web Pvt. Ltd. All Rights Reserved.
      Go to mobile version