Interest rate on PF deposits may be near 8% for FY23

The central board of trustees of EPFO is expected to meet later this month or in early March to decide on the interest rate that will be recommended by its Finance Investment and Audit committee based on the earnings for 2022-23. The retirement fund body had announced the interest rate of 8.1% for 2021-22, which was the lowest in four decades.

from News-Economic Times https://ift.tt/hc8l3YE