In a recent notification issued by the EPFO (Employee Provident Fund Organization) with Notification No INV 11 2 2021 INV 1460 dated 31st May 2024, it has been declared that the rate of interest for the financial year 2023-2024 in the Provident Fund Account maintained with EPFO is 8.25%.
This announcement will impact all individuals who have a Provident Fund account with EPFO and will affect the interest earned on their savings for the specified period. It is important for account holders to take note of this update and plan their investments accordingly.
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