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EPFO: Interest can be received soon this year, know when the amount will come in your account

Interest can be received from EPFO ​​soon this year

An interest rate of 8.1 percent has been announced on PF for the financial year 2022, which is a 43-year low. According to government sources, in such a situation, the Finance Ministry can approve the interest rate suggested by the trust without review. which will speed up the process

This year’s festive season is going to be more special for the employed people. Actually during 2022 EPFO ​​(EPFO) interest on behalf of (Interest) is expected to be paid earlier during the festivals than in the rest of the year. According to the exclusive news of Moneycontrol, as in previous years, you will not have to wait till the end of the year to get the interest amount, quoting a report quoted by sources as saying that this year employees (salaried employeeThe amount can be deposited in the accounts of ) before Diwali. This year the festive season is falling in October i.e. money can be deposited in the accounts on or before October.

why can get money fast

In the report, two reasons have been counted for getting the money soon, according to the first reason, the interest rate of PF is currently at a low level for many years, so there is little possibility that the Finance Ministry will make any changes in it. An interest rate of 8.1 percent has been announced on PF for the financial year 2022, which is a 43-year low. According to government sources, in such a situation, the Finance Ministry can approve the interest rate given by the trust without review. On the other hand, early payment of interest will improve the financial health of EPFO. According to government sources, due to the lower interest rate, the burden of PF claim settlement will also be reduced and the burden on EPFO ​​will be reduced. According to government sources, the account holders will get interest money during Diwali or Dussehra this year.

Source: www.tv9hindi.com

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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