The Employees' Provident Fund Organisation (EPFO) has decided to maintain the interest rate for the Employees' Provident Fund (EPF) at 8.25% for the financial year 2023-24, according to sources. This decision signifies stability in returns for employees' savings.
The EPF serves as a crucial retirement savings tool for millions of workers across various sectors. With this fixed interest rate, employees can continue to rely on the EPF as a dependable long-term investment option, ensuring financial security post-retirement.