EPFO fixes 8.15% interest rate on Employees' Provident Fund
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The Employees Provident Fund Organization (EPFO) has fixed an 8.15% interest rate on the Employees' Provident Fund (EPF) for 2022-23, reported NDTV. The retirement fund body decreased the interest rate to 8.1% in March 2022, the lowest since 1977-78, when it stood at 8%. The decision would reportedly take effect after being ratified by the Finance Ministry.
