EPFO hikes interest rate on deposits to 8.25% from 8.15% for FY23-24:

Daily Current Affairs / EPFO hikes interest rate on deposits to 8.25% from 8.15% for FY23-24:

Change Language English Hindi

Category : Business and economics Published on: February 14 2024

Share on facebook

Central Board of Trustees (CBT) of Employees Provident Fund Organisation (EPFO) has recommended 8.25 percent interest rate for fiscal year 2023-24. The interest rate for fiscal year 2022–23 was 8.15%. This is the highest amount ever the board has recommended for distribution to its subscriber accounts.
The total amount it recommended for the distribution is Rs 1,07,000 crore to EPF members for FY 2023–24, as compared to Rs 91,151.66 crore in the financial year 2022–23.

The 4th Shanghai Cooperation Organisation Startup Forum was hosted in New Delhi.
Read More....
Ruturaj Gaikwad appointed as the new captain of IPL 2024's Chennai Super Kings.
Read More....
According to the UN agency, Sudan is now facing the biggest challenge of the hunger crisis.
Read More....
Election Commission of India appoints Bhushan Gagrani as the new BMC Commissioner.
Read More....
World Down Syndrome Day, observed on March 21, highlights the theme
Read More....
Poet and critic Nishant receives the Devi Shankar Awasthi award for his contributions to literature and critical analysis.
Read More....
Naveen Jindal assumes the role of President of the Indian Steel Association, succeeding Dilip Oommen.
Read More....
World Forestry Day was observed on March 21.
Read More....
ISRO successfully concludes its second crucial landing experiment for the reusable launch vehicle.
Read More....
Mineral production in the country sees a growth of 5.9% during January 2024.
Read More....

EPFO hikes interest rate on deposits to 8.25% from 8.15% for FY23-24: