Good news has come for the employees before Diwali. Employees’ Provident Fund Organization (EPFO) has started transferring interest money to Provident Fund Accounts (PF Accounts).
Good news has come for the employees before Diwali (Diwali 2023). Employees’ Provident Fund Organization (EPFO) has started transferring interest money to Provident Fund Accounts (PF Accounts). Let us tell you, for the financial year 2022-23, EPFO had fixed the interest rate for investment at 8.15 percent.
According to the information given by EPFO, interest money has been transferred to the accounts of some employees. However, it will take time to transfer money to all the accounts. In such a situation, if the interest money has not been credited to your account yet, do not worry. This may be available in the coming days.
What has EPFO said?
EPFO has written on social media platform X, “The entire process is in the pipeline. Interest money will start appearing soon. Whenever interest is credited, it will be completed. Please remain patient.” Let us tell you, Union Minister Bhupendra Yadav has already said that the interest money has been transferred to a total of 24 crore accounts.
The interest rate is decided every year
The interest rate for PF is decided every year by the Central Board of Trustees of EPFO after suggestions from the Finance Ministry. EPFO had announced interest rates in June this year. Let us tell you, any EPFO subscriber can check balance through text message, missed call, Omung app and EPFO website.
