Key Points
EPFO fixed the interest rate at 8.25% for 2023-24 on February 10, 2024..
The interest rate for the previous year (2022-23) was 8.15%, while for 2021-22, the rate was 8.10%, the lowest since 1977-78 when the rate was 8%...
The Employees' Provident Fund Organisation (EPFO) has begun releasing interest payments for its outgoing members for the financial year 2023-24..
So far, EPFO has settled over 23.04 lakh claims and paid out Rs 9,260 crore to its members, including the latest interest rate of 8.25% per annum..
In its meeting on February 10, 2024, the CBT recommended an interest rate of 8.25% per annum for the fiscal year 2023-24..
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