EPFO Update: An important meeting is going to be held on 28 February, you can get these benefits..

The Employees Provident Fund Organization keeps changing its policy for the convenience of central employees. New changes have been made by EPFO ​​to make the PF process flexible and beneficial for the employees. Whether it is giving the employees the option to change their details themselves, or the steps taken towards making the process of withdrawing money easier. Now the central employees are once again hoping for relief from EPFO. Because the EPFO ​​meeting is going to be held on 28 February, in which big decisions can be taken regarding the employees.

The CBT meeting of EPFO ​​is going to be held on 28 February, in which EPFO ​​can make some important decisions regarding PF, in which most speculations are being made about the increase in the interest rate. It is believed that the rate of interest on EPFO ​​PF can be increased. In the CBT meeting, the interest rate can be increased to 8.25 percent. Or the interest is expected to remain around this. At present, the last time EPFO ​​increased the interest rate on PF from 8.15 percent to 8.25 percent for FY 24.

Increase in interest rates

EPFO has changed the interest rates on PF from time to time. For FY 24, EPFO ​​had increased the interest rates to 8.25 percent per annum, which is still in force. Which was 8.15% in FY 23. At the same time, it was 8.10% in FY 22. The lowest rate in recent times was 8.10% in 2021-22. Over the past decade, interest rates have fluctuated, with the highest being 9.50% in 2010-11 and the rate was 8.50% from 2019 to 2021. It is believed that EPFO ​​​​may increase its interest rates for FY 25.

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