EPF interest rate increased to 8.25%

Raipur (thestates.news), Shri Pradeep Tandon, Chairman, Chattisgarh Committee of National Employers Federtion , welcomed decision of the Central Board of Trustees ,EPFO to increase rate of interest for EPF Members for financial year 2023-24 to 8.25 percent an increase from last year. This decision was taken in CBDT meeting held on 10 February 2024 , a great step taken towards social welfare of working class , as a vision of the Prime Minister to empower them through financial schemes of the Government of India. The increase in rate of interest for a scheme of social security of the Central Government which would benefit about 5 crores employees , maximum of them in most popular category of employment. Mr Rk Joshi ,Director NEF welcomed the far sighted vision of the Government to cover all below poverty line by one or other social security schemes whether employed or self employed , farmers, , senior citizens or needy.