InvestorQ : Has the interest rate on EPF accounts increased?
Anjali Desai made post

Has the interest rate on EPF accounts increased?

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Anusha Savla answered.
1 year ago
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Yes. The hike in Employees Provident Fund (EPF) interest rate to 8.65% has been ratified by the Finance Ministry as approved by retirement fund manager EPFO.

Although the Finance Ministry’s approval is a mere formality, but it is required in order to pass on the higher interest rate to the EPFO subscribers.

According to news reports, a labour ministry official said, “The Department of Financial Services has accepted the EPFO rate hike and given its concurrence for a higher interest payout."

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