EPFO starts crediting interest: Check your PF balance: Employees started seeing their PF passbook being updated with interest credit for the financial year 2021-22 this week. The EPFO had in March declared an interest rate of 8.1 per cent, the lowest in four decades, for the last financial year.
In March every year, the EPFO’s central board of trustees, under the labour ministry, meets to declare the rate of interest for the financial year.
The rate is then ratified by the finance ministry, which happened in June this year. Finally, the Read More
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