March has come, but no PF money! When will I get interested? EPFO replied
EPFO Interest: Retirement fund body EPFO has said that the full amount of interest will be paid to PF account holders. There will be no loss in the amount of interest to any PF account holders.
When will I get PF interest?
Highlights
1. When will I get PF interest for FY22?
2. EPFO has given the answer on Twitter
3. 8.1 per cent interest will be available for FY22
New Delhi. Crores of PF account holders are waiting for interest on Provident Fund (PF). The financial year 2022-23 (FY23) is about to end and the new financial year 2023-24 (FY22) is about to begin. March has come and till now the interest on PF has not come into the account of the account holders. Employees’ Provident Fund Organization (EPFO) has repeatedly told account holders that it is in the process of sending interest.
It was decided to pay interest at the rate of 8.1 per cent on the PF account for the financial year 2021-22, but it has not yet come into the PF of the employees. Many account holders have complained about this to EPFO on social media. Now EPFO has also given an answer regarding this.
EPFO has written on its Twitter account that dear member, the process of payment of interest continues and soon it will appear in your account. The interest amount will be paid in full and there will be no loss of interest.
Dear member, the process of crediting interest is ongoing and it will get reflected in your account soon. Whenever the interest is credited, it will be paid in full. There will be no loss of interest.
— EPFO (@socialepfo) March 3, 2023
The interest rate had reached the lowest level in 4 decades for 2021-22.
For the financial year 2021-22, the government approved the lowest interest rate of 8.1 per cent on EPF deposits in 4 decades. The 8.1 per cent interest rate on EPF was the lowest since 1977-78. The interest rate of 8.5 per cent on EPF deposits for the financial year 2020-21 was fixed by the Central Board of Trustees in March 2021.
At what rate interest has been received on PF in the last 6 years.
8.65% in 2016-17
8.55% in
2017-18 8.65% in 2018-19
8.50% in
2019-20 8.50% in
2020-21 8.10% in 2021-22
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