New NABARD Grade A : How to prepare ESI for Prelims & Mains- Sources & Strategy
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Question

The EPF account  interest rate has been hiked to ______ by the Employees Provident Fund Organisation (EPFO) for the financial year 2022-23.

A 8.11 percent Correct Answer Incorrect Answer
B 8.12 percent Correct Answer Incorrect Answer
C 8.14 percent Correct Answer Incorrect Answer
D 8.15 percent Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

The Employees Provident Fund Organisation (EPFO) has fixed the interest rate at 8.15% for financial year 2022-23. There is a hike in the EPF account interest rate by 0.05%. Last year, the interest rate for EPF account was 8.10% for FY 2021-22.       This notified interest rate will be applicable on Voluntary Provident Fund (VPF) deposits as well.

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