Provident Fund (EPF) Interest Rate 2023: Suspense!

Provident Fund (EPF) Interest Rate 2023: Suspense!

Employees’ Provident Fund Organisation is keeping its nearly 70 million subscribers on tenterhooks with its slow-moving approach.

Employees’ Provident Fund Organisation is keeping its nearly 70 million subscribers on tenterhooks with its slow-moving approach.

The retirement fund body is yet to start the process to determine the return on EPF savings for 2022-23.

The retirement fund body is yet to start the process to determine the return on EPF savings for 2022-23.

While no date is set yet for the EPFO’s Central Board of Trustees to meet, a vital investment oversight panel of the board is in suspended animation.

While no date is set yet for the EPFO’s Central Board of Trustees to meet, a vital investment oversight panel of the board is in suspended animation.

Several trustees of the CBT have expressed unhappiness over the situation and said they do not know the status on various developments.

Several trustees of the CBT have expressed unhappiness over the situation and said they do not know the status on various developments.

EPFO is India’s largest fund manager with total investments of over Rs 11 trillion as on March 31, 2022.

EPFO is India’s largest fund manager with total investments of over Rs 11 trillion as on March 31, 2022.

The suspense on this year’s EPF rate is even as two-thirds of the subscribers are still to get the 8.1% interest credit for 2021-22.

The suspense on this year’s EPF rate is even as two-thirds of the subscribers are still to get the 8.1% interest credit for 2021-22.