Uptick in the interest rate of EPFO Contribution

The Employees’ Provident Fund (EPF) which serves as a mandatory savings and retirement fund for eligible employees has undergone notable changes in the financial year 2023-2024.

The Employees Provident Fund Organization (EPFO) has revised the interest rate to 8.25%, marking an uptick of 0.10% from the previous fiscal year’s rate of 8.15%. This adjustment not only impacts the annual interest earnings but also shapes the financial decisions of millions of workers.