EPFO to marginally hike interest on PF deposits to 8.25%

February 10, 2024 admin

The EPFO fixed a three-year high interest rate of 8.25% on employees’ provident fund for 2023-24 on February 10. The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) has recommended an interest rate of 8.25% on provident fund (PF) deposits for 2023-24. The current interest rate is 8.15%. “The move is…

Business

India Added 5.2 Crore New Formal Jobs In FY20-23: Report

September 12, 2023 admin

During the past four years, around 31 lakh new subscribers joined the NPS. (Representational) New Delhi: The economy has added around 5.2 crore new formal jobs between FY20 and FY23, with the net addition being 2.7 crore, according to a report based on an analysis of the EPFO, NPS and ESIC data. The government has…

Nation