EPFO: The Employees Provident Fund Organization (EPFO) is bringing a good news for its employees. Soon the interest rates for the financial year 2024-25 may be announced, and it is expected that this time there will be some increase in the interest rates.
This news is a big relief for about 7 crore PF employees. If the interest rates increase, the employees will get more money in their PF account.
However, the government has not yet officially announced any interest rates. But it is being claimed in media reports that this time the interest rates may increase by up to 0.10 percent. If this happens, the interest rate for the financial year 2024-25 can reach 8.35 percent.
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Demand for increase in minimum pension also
Apart from this, PF employees have been demanding to increase the minimum pension amount for a long time. At present, the minimum pension amount is Rs 1000, which is being demanded to be increased to Rs 7500. If the government accepts this demand, then it will be another big good news for PF employees.
Know important things related to interest here
The meeting of the Central Board of Trustees of EPFO is likely to be held on 26 February. A final decision on interest rates can be taken in this meeting.
According to media reports, this time the interest rates may increase by up to 0.10 percent.
If this happens, the interest rate for the financial year 2024-25 can reach 8.35 percent.
PF employees are demanding to increase the minimum pension amount to Rs 7500.
It is important to note that all these news are based on media reports. Final information about interest rates and pension amount will be available only after the official announcement of the government.