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EPFO fixes 8.25% interest rate on employees’ provident fund deposits for 2024-25 | Mint

TheSpuzz Desk2 months ago03 mins

Source: Live Mint The Employees’ Provident Fund Organisation (EPFO) board on Friday retained fixed 8.25 per cent interest rates on employees’ provident fund deposits for 2024-25, reported PTI citing sources. The development is likely to dampen the spirits of EPFO subscribers who were expecting a rate hike amid rising inflation and general economic distress. The…

EPF withdrawal to become easy? Soon, you can take out money via UPI; Know about proposal, benefits | Mint

TheSpuzz Desk2 months ago05 mins

Source: Live Mint EPF Withdrawal: The government is considering introducing the Employees Provident Fund (EPF) claims settlement option via the United Payment Interface (UPI) to ease the fund withdrawal process. EPF withdrawal is daunting for employees, who often fail to get their savings due to claim rejections. According to the EPF annual report released in…

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