The 8.15% interest rate that the Central Board of Trustees of the Employees’ Provident Fund Organisation (EPFO) had recommended for its more than 6 crore subscribers for the fiscal year 2022–2023 was approved by the government on Monday. The central government has approved the EPFO interest rate to be credited into members’ accounts, according to ...

Finance Minister Nirmala Sitharaman announced a reduction in the PF contribution of both employee and the employer to 10% each from the prevailing 12% each for all establishment secured by EPFO for the following 3 months. Employees working in the private sector will take more salary home for May, June, and July – as the ...