PF interest rate of last 7 years including current PF interest rate – 3rd April 2023

PF interest rate of last 7 years including current PF interest rate

Contents News/Article Date: 3rd April  2023

Relating to which Act:  The Employees Provident Funds & Miscellaneous Provisions Act, 1952; 

Applicable to which State: All the establishments in the States with PF coverage

Type: EPFO, Ministry of Labour & Employment, Government of India, fixation of rate of PF interest 

Pertains to: Establishments and Members of PF Fund  

Relevance of this news:  Karma Global is in the business of HR Services, Payroll, Outsourcing, and Regulatory Compliances right from its inception in 2004 since then, has brought in a lot of efficiencies and technological upgradations with experts on its role, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.

Now Karma Global is also fully in labour compliance for nearly 18 years and is helping both establishments and workers fulfillment of obligations as per the laws of the land.  It has over 200 staff, both direct and indirect on its rolls and operates on Pan India basis.  Recently, it has diversified into foreign shores as well, into countries like the US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment, and governance.

And in this instance: The interest rate of PF is reviewed every year after consultation with the Ministry of Finance by EPFO’s Central Board of Trustees.  The PF interest rate of 2023 is fixed at 8.1%

Subject: PF interest rate of last 7 years including the current year’s declaration of the rate of interest

Attached is the notification

Appended is the complete news item

PF interest rate of last 7 years including the current year’s declaration of the rate of interest

The Interest rate of EPF is reviewed every year after consultation with the Ministry of Finance by EPFO

Central Board of Trustees. The PF interest rate of 2023 is fixed at 8.1%. Provident fund Interest rates for the last five years are mentioned below: